480 Pritchard Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 2006-built home in Winnipeg’s William Whyte neighbourhood, with 1,056 sqft of living space on a 3,485 sqft lot. Its most standout feature is the age: it ranks in the top 8% on its street and top 9% in the neighbourhood for newer construction, in an area where most homes date from the 1920s–1940s. This means a modern building envelope, likely better insulation, and less deferred maintenance than the typical older stock nearby.
The assessed value ($199,000) sits slightly above the street average and well above the neighbourhood average ($149,100), which reflects both the newer construction and a modest land premium. The lot is slightly smaller than the street average but larger than most in the immediate area—so you get a usable yard without the upkeep of a bigger property. Citywide, the home is considered low-value (top 92% cheapest), which is consistent with the neighbourhood’s affordability.
What it works for: Buyers who want a move-in-ready home in a central, older Winnipeg neighbourhood without paying a premium for character finishes or a huge yard. It suits someone who values a newer build’s lower maintenance costs and energy efficiency over period charm. Not ideal for those seeking a large lot, a high-end finish, or resale value driven by neighbourhood prestige.
Five Frequently Asked Questions
1. How does the assessed value compare to recent sale prices in the area?
The assessed value of $199k is above the neighbourhood average of $149k but below citywide comparable homes. Assessment data is a lagging indicator, so check recent sales in William Whyte—prices can vary widely by street within the same ward.
2. Is 1,056 sqft considered small or average for this area?
On its street, it’s around average (1,048 sqft average). Neighbourhood-wide, it’s slightly below the average of 1,158 sqft. It’s a typical size for a modest bungalow or two-bedroom home, not cramped but not spacious.
3. Why is the land area ranked “above average” in the neighbourhood but “below average” citywide?
The neighbourhood (William Whyte) has smaller lots on average (3,277 sqft), so this 3,485 sqft lot is a bit bigger than most nearby. But across Winnipeg, typical lots are much larger (6,570 sqft average), so the lot is small by city standards. This is common in older urban neighbourhoods.
4. What condition would a 2006 home in this price range likely be in?
At 18 years old, a 2006 home is past the initial new-build premium but still well within its prime. Key systems (roof, furnace, windows) are likely original and may be approaching replacement end-of-life in the next 5–10 years. A pre-purchase inspection is always wise, but the risk of major surprises is lower than with a 1920s home.
5. How does the neighbourhood ranking for assessed value (top 17%) affect resale potential?
Being in the top 17% of values in the area means this property is on the higher end for William Whyte. This could make it harder to sell quickly if the local market softens, as it competes with cheaper neighbouring homes. On the upside, a newer build holds its value better in a rising market than an older fixer-upper.