519 Pritchard Avenue – Property Summary
Key Characteristics & Buyer Profile
This 966 sqft home on Pritchard Avenue in the William Whyte neighbourhood was built in 1903 and sits on a 3,548 sqft lot. Its assessed value is $143,000.
Where the appeal lies: The standout feature here is the land. At 3,548 sqft, the lot ranks in the top 22% within the neighbourhood and top 39% on the street—meaning you're getting more outdoor space than most nearby properties. The home itself is modestly sized but typical for the area, and the assessed value ($143k) sits right around the neighbourhood average of $149k, suggesting fair pricing relative to local comparables.
What's less obvious: The year built (1903) puts this home among the older properties citywide, ranking in the top 99% for age. That means character, solid older construction, and likely mature trees on the lot—but also potential maintenance considerations that come with a home over 120 years old. The living area is slightly below the street and neighbourhood averages, so this property prioritizes yard space over interior square footage.
Who it suits: Buyers who value outdoor space over interior size, appreciate older homes with established neighbourhoods, and are comfortable with a property that may need updates. It's a strong fit for someone looking for a fixer-upper, a starter home with room to grow, or an investment in an area where land is the real asset.
Frequently Asked Questions
1. How does this home's assessed value compare to others nearby?
It's below the street average ($182k) but close to the neighbourhood average ($149k). Citywide, it ranks in the bottom 3% of assessed values, reflecting both its smaller living area and older construction.
2. Is a 966 sqft living area considered small for this neighbourhood?
It's slightly below the street average (1,048 sqft) and neighbourhood average (1,158 sqft), but not dramatically so. The ranking puts it in the top 56% on the street, meaning about half the homes are smaller. It's a typical size for a modest older home in this area.
3. What should I know about a property built in 1903?
Historic homes often have solid framing and unique details, but expect older systems (electrical, plumbing, foundation). The age ranking shows this is one of the oldest homes in the city—its condition will depend heavily on renovations done over the years. A thorough home inspection is essential.
4. Does the land size make this property a good investment?
The lot is above average for the neighbourhood (top 22%) and well above average for the street. In many older urban areas, land appreciates more than structures. If the home needs significant work, the land value itself provides a floor. That said, check zoning and any development restrictions before counting on that.
5. How does this property compare to similar homes across Winnipeg?
Citywide, this home ranks below average in living area (top 77%), land area (top 80%), assessed value (bottom 3%), and age (top 99%). It's a classic inner-city older home: smaller, on a good-sized lot, with below-average value reflecting its age and modest size. Its strength is relative to its immediate street and neighbourhood, not the broader city.