647 Pritchard Avenue – Property Summary
Key Characteristics & Buyer Suitability
This is a compact, older home in Winnipeg’s William Whyte neighbourhood, built in 1905 on a 3,547 sqft lot. The living area is 840 sqft, which is below average compared to similar homes on the street, in the neighbourhood, and across the city. The assessed value sits at $149,000, which is roughly average for the street and neighbourhood, but well below the citywide average for comparable properties.
The property’s main appeal is its land-to-price ratio. The lot is above average for the neighbourhood (top 24%), meaning you’re getting more outdoor space than most nearby homes—useful for gardening, parking, or future expansion. The assessed value also suggests a relatively low entry price compared to much of Winnipeg, which could appeal to buyers looking for affordability in an established inner-city area.
This property would suit first-time buyers who don’t need a lot of indoor square footage and are comfortable with an older home that may require updates. It might also appeal to investors or renovators who see potential in a larger lot within an older neighbourhood. The lower citywide ranking for living area and year built may deter buyers seeking turnkey condition or larger modern layouts. This is not a property for someone looking for a finished, spacious home or a quick resale in a high-demand area—it’s more of a foundation to build on.
Frequently Asked Questions
1. Why is the assessed value so low compared to the citywide average?
The citywide average of $390,100 includes many newer, larger homes in higher-demand areas. This property’s value reflects its age, smaller living area, and location within an older neighbourhood where prices are generally more modest. On the street and in the immediate area, the assessed value is actually around average.
2. How usable is the land given the lot size?
At 3,547 sqft, the lot is slightly smaller than the street average but larger than most in the neighbourhood. It’s a typical urban lot for an older inner-city area—enough for a small yard, parking, and possibly a future garage or addition, but not sprawling. Check local zoning for any restrictions on outbuildings or lot coverage.
3. What does the “Top 24%” for land area mean?
It means this lot is larger than 76% of comparable homes in the William Whyte neighbourhood. If you’re comparing properties specifically in this area, you’re getting more land than most. Across the whole city, however, lots tend to be much larger, so it drops to the bottom 20% citywide.
4. Is a home built in 1905 likely to have major issues?
Homes of this age commonly have older electrical, plumbing, and foundation systems, and may contain lead paint or asbestos in older finishes. The ranking shows it’s older than most homes on the street (top 13%) and in the city (top 2%). A thorough home inspection is strongly recommended, especially for structural and mechanical systems.
5. How does the living area compare to other homes in this price range?
At 840 sqft, this is on the smaller side for detached homes in Winnipeg. In the immediate neighbourhood, the average living area is 1,158 sqft. Buyers should be prepared for a compact layout—this is not a spacious family home. It may work well for a single person, a couple, or a small household prioritizing budget over square footage.