763 Pritchard Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 976 sqft home built in 1905 on a 3,547 sqft lot in the William Whyte neighbourhood of Winnipeg. Its assessed value sits at $149k.
The property’s appeal lies in a few specific trade-offs. The living area is roughly average for the street and neighbourhood, but below the citywide average for comparable homes. The lot, however, is noticeably larger than typical for the neighbourhood (ranking in the top 24%), which could be a genuine asset for someone wanting outdoor space, gardening, or potential for future expansion. The assessed value is in line with the neighbourhood average, making it a reasonably priced entry point into this area—significantly below citywide averages.
This home would suit a buyer who is comfortable with an older property (1905 construction) and prioritizes land size over polished interior square footage. It’s likely a fit for someone looking for a fixer-upper, a first-time buyer working within a tighter budget, or an investor interested in the land value relative to the house condition. The home’s age and modest interior space may not appeal to those seeking a move-in-ready, low-maintenance property.
Frequently Asked Questions
1. Is this home in a desirable neighbourhood?
William Whyte is an established inner-city neighbourhood. The home sits on Pritchard Avenue, a mixed-use street. The lot size here is better than most nearby homes, but the property’s age and living area are typical for the area. Desirability depends heavily on your tolerance for older homes and your interest in a neighbourhood with character and redevelopment potential rather than newer suburban finishes.
2. How does the assessed value compare to other homes?
The assessed value of $149k is around the average for the William Whyte neighbourhood ($149.1k), but well below the citywide average for comparable homes ($390.1k). This suggests the price reflects the local market accurately, and you’re not overpaying relative to the area—but also that appreciation may track local trends rather than citywide growth.
3. What are the main considerations for a home built in 1905?
A 1905 build often means outdated electrical, plumbing, insulation, and possibly foundation or roof issues. It may also contain materials like lead paint or asbestos. A thorough inspection by someone experienced with older homes is essential. On the plus side, these homes often have solid wood framing and character details that can be restored.
4. Is the lot size a meaningful advantage?
Yes, in the context of the neighbourhood. The 3,547 sqft lot ranks in the top 24% locally, meaning you have more outdoor space than most nearby properties. However, it’s still below the citywide average lot size. For inner-city Winnipeg, this is a genuine selling point if you want a yard, a garden, or room for a workshop or garage.
5. How does this property rank citywide?
It ranks in the bottom quarter for living area (top 76%) and assessed value (top 97%), meaning it’s smaller and less expensive than most comparable homes across Winnipeg. The year built is also in the oldest tier (top 98%). The lot size is slightly below the city median (top 80%). In short, this is a modest, older home priced to match its location and condition—not a standout on paper, but potentially a solid value for the right buyer.