470 Pritchard Avenue

470 Pritchard Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,092-square-foot home on a 3,485-square-foot lot, built in 1901. Its assessed value is $121,000.

The property’s main appeal lies in its land-to-living-area ratio. While the house itself is close to average size for the street and neighbourhood, the lot is noticeably larger than most in the William Whyte area (top 30%). This gives the property a flexibility that many comparably priced homes lack—room for a garden, a workshop, or future expansion if zoning allows.

The year built (1901) places it among the older homes citywide, which may appeal to buyers who appreciate character features, solid older construction, or a neighbourhood with established trees and street grid. That said, older homes often come with maintenance realities—aging plumbing, electrical, or foundation work—so this is not a “move-in and forget it” property.

The assessed value is low both on the street (top 82%) and citywide (top 99%). This keeps the property affordable and keeps property taxes low, but it also signals that the house may need significant updates or is in a transitional part of the neighbourhood.

This property would suit:

• A buyer comfortable with older homes and willing to invest sweat equity or renovation dollars.
• Someone who values outdoor space over finished square footage—the lot is generous for the area.
• An investor looking for an entry-level property in a neighbourhood where land value may appreciate, but who is not expecting a turnkey rental.

Five Possible FAQs

1. Is the house original or has it been renovated?
The data only shows the year built (1901) and current assessed value. There is no indication of recent upgrades. You would need to inspect the property to confirm whether systems like wiring, plumbing, and insulation have been updated. The low assessed value relative to neighbours suggests it may need work.

2. How does the living area compare to other homes nearby?
It’s right around average for the street and neighbourhood—1,092 sqft vs. a street average of 1,048 sqft and a neighbourhood average of 1,158 sqft. It’s not cramped, but it’s not spacious either. It’s a typical size for a home of this era.

3. Why is the assessed value so low compared to the city average?
Several factors likely contribute: the home’s age (1901), its condition (unknown but likely unrenovated), and its location in a neighbourhood where property values are below the city median. The $121,000 assessment is roughly one-third of the citywide average for comparable homes ($390,100).

4. What kind of yard does this lot allow for?
At 3,485 sqft, the lot is 6% smaller than the street average but 6% larger than the neighbourhood average. It’s not a huge yard by suburban standards, but in this part of Winnipeg it’s above average. You’d have room for a small garden, a shed, or parking for a couple of vehicles.

5. Is the neighbourhood considered stable or up-and-coming?
William Whyte is an older inner-city neighbourhood with a mix of well-kept homes and properties in need of repair. Rankings show the property sits around the middle for both living area and assessed value within the neighbourhood. That suggests a stable but not rapidly appreciating area—good for someone who wants affordability and isn’t relying on short-term resale gains.