565 Pritchard Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,148 sqft home built in 2013 on a 3,548 sqft lot, located in Winnipeg’s William Whyte neighbourhood. Its standout feature is its age: built just over a decade ago, it ranks in the top 4% on its street and top 9% citywide for newer construction. In a neighbourhood where the average home was built in 1927, that means no knob-and-tube wiring, no old plaster, and likely better insulation and mechanicals from the start. The assessed value ($233k) is notably strong relative to the street and neighbourhood averages, suggesting the property holds value well compared to older homes nearby. However, living area and land area are modest by citywide standards—the lot is on the smaller side relative to Winnipeg overall. The appeal here is for a buyer who wants a relatively modern, low-maintenance home in a central Winnipeg neighbourhood without paying close to city-median prices. It would suit someone who values newer construction and energy efficiency over a large yard or square footage, or an investor looking for a property that stands out in an older area.
Five Possible FAQs
1. How does this property compare to others in William Whyte?
This home is significantly newer than most in the neighbourhood (top 5% for year built) and has an assessed value that ranks in the top 9% locally. The living area is around average for the area, and the land is slightly above average locally but still modest overall.
2. What does the assessed value tell me about the home’s condition or market position?
The assessed value of $233k is well above the neighbourhood average of $149k, which partly reflects the newer construction and better condition. But citywide, it’s below average ($390k), so you’re not paying premium prices relative to Winnipeg as a whole. Assessed value is not a direct market price, but it gives a useful benchmark.
3. Is the lot size enough for a garage or extension?
At 3,548 sqft, the lot is slightly smaller than the street average (3,730 sqft) and significantly smaller than the citywide average (6,570 sqft). It can likely accommodate a detached single-car garage or a modest expansion, but you’d want to check zoning and setback requirements before planning anything major.
4. Why is the living area ranked differently on the street versus citywide?
The street and neighbourhood have older, smaller homes on average, so the 1,148 sqft here appears above average locally (top 29% on the street). Citywide, newer and larger homes are common, so it drops to around average (top 55%). It’s a compact house that fits its immediate setting well, not a big house by broader standards.
5. What’s the catch with a newer home in an older neighbourhood?
The trade-off is that you get modern construction and lower maintenance upfront, but you’re still in a neighbourhood with older infrastructure and potentially less consistent property values nearby. Some streets in William Whyte are in transition, so while this home tests well against its neighbours, the surrounding area may not appreciate as quickly as a newer suburb.