460 Pritchard Avenue – Property Summary
Key Characteristics & Buyer Profile
This 1922 home in the William Whyte neighbourhood offers 1,506 sqft of living space on a 3,485 sqft lot. Where it stands out is size: the living area ranks in the top 9% on its street and top 16% in the neighbourhood, meaning it’s noticeably roomier than nearby homes. The assessed value is $113,000—well below both the street and city averages. That low valuation, paired with a larger-than-average floor plan, suggests the property might carry a lower tax burden relative to its square footage. The land area sits around the middle of the street but above the neighbourhood average, which is typical for older infill areas where lots vary block to block.
Its appeal lies in the combination of space and price. Buyers who value interior square footage over a modern finish or a prime location may find this a practical entry point. The year built (1922) puts it among older homes citywide, so expect the character and maintenance that come with a century home. This would suit someone comfortable with a fixer-upper or a cosmetic refresh, or an investor looking for a below-average entry cost in a neighbourhood with room for appreciation. It is less suitable for someone seeking a move-in-ready home or a high-value school catchment.
Frequently Asked Questions
1. How does the assessed value compare to similar homes in the area?
The assessed value is $113,000, which is about 38% below the street average of $182,200 and roughly 24% below the neighbourhood average of $149,100. It ranks in the bottom 14% on the street and bottom third in the area, so it’s one of the more affordable properties nearby.
2. Is the living area really that much larger than other homes on the street?
Yes. The street average for living area is 1,048 sqft, and this home is 1,506 sqft—roughly 44% larger. It ranks 60th out of 684 homes on Pritchard Avenue, putting it in the top 9%. Compared to the city average (1,342 sqft), it’s still above average, though less dramatically.
3. What condition should I expect from a 1922 home?
That depends on renovations. The year built tells you it’s over 100 years old, and the assessed value suggests limited recent upgrades—at least none that have significantly raised the city’s valuation. Typical issues in homes of this era include older electrical, plumbing, foundation settlement, and possibly knob-and-tube wiring. A thorough inspection is strongly recommended.
4. How does the lot size compare to newer suburban homes?
It’s smaller than the citywide average lot (3,485 sqft vs. 6,570 sqft), which is common for older urban neighbourhoods. But it’s slightly above the William Whyte average of 3,277 sqft, so it’s a normal size for the area—enough for a small yard, a garage, or a garden, but not sprawling.
5. Is this a good investment property given the low assessed value?
It could be, if the numbers work. The low value means a lower purchase price and lower property taxes, which helps cash flow. But the street and neighbourhood have a wide spread in valuations (top to bottom), so appreciation is not guaranteed. You’d want to check recent sale comparables, rental demand in the area, and estimated renovation costs before committing. The larger living area is a plus for renting to families or roommates.