768 Pritchard Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 656 sqft home on a 3,009 sqft lot, built in 1907, with an assessed value of $107,000. Located in the William Whyte neighbourhood of Winnipeg, the property ranks significantly below average in living area compared to nearby homes—it’s smaller than 92% of houses on the same street and 98% citywide. Its assessed value is similarly low: in the bottom 11% on the street and the bottom 1% across Winnipeg. The land area is also below the street average but sits closer to the neighbourhood median. The year built (1907) is older than most houses on the street and citywide, but it falls around the neighbourhood average.
The appeal here is straightforward: this is an entry-level price point in a mature, central neighbourhood. The low assessed value reflects the small size and age, which keeps the barrier to purchase low relative to much of Winnipeg. It would suit a first-time buyer looking for affordability over space, an investor seeking a lower-cost property in an older urban area, or someone willing to take on a renovation project with a small footprint. What’s less obvious is that the land-to-living-area ratio is relatively high for the neighbourhood—the lot is not unusually small by local standards, which could offer potential for expansion or redevelopment down the line, depending on zoning. The street itself is below average in both value and size, so this isn’t a gentrified pocket; buyers should expect a modest, working-class context.
Five Possible FAQs
1. Why is the assessed value so low compared to the city average?
The home is both much smaller and much older than the typical Winnipeg property. Citywide, the average house is around 1,342 sqft and built in 1966. This one is 656 sqft from 1907. Age and size are the primary drivers of assessed value, so the gap reflects those factors, not necessarily poor condition. Comparable homes on the same street have an average assessed value of $182k, so this is below even that local benchmark.
2. Is the neighbourhood considered up-and-coming?
William Whyte is an older, inner-city area with a mix of well-maintained and rundown properties. The data shows it ranks in the bottom 28% for assessed value within the neighbourhood itself, and most homes on this street are also below average. There’s no strong signal of rapid appreciation from these numbers. Buyers should research recent sales trends and local development plans independently.
3. How much renovation does a 1907 house typically need?
Homes of this age often have outdated electrical, plumbing, and insulation. The year-built ranking suggests it’s older than 96% of houses citywide, so major systems may be original or approaching end-of-life. A home inspection is essential. On the positive side, older homes in this area sometimes have solid wood framing and good bones, but they rarely come with modern efficiency or finishes.
4. Can I add square footage to the existing footprint?
The lot is 3,009 sqft, which is actually close to the neighbourhood average of 3,277 sqft. That’s not a tiny lot by local standards, so there may be room for a small addition or secondary suite, depending on current zoning and setback requirements. You would need to check with the City of Winnipeg’s planning department, as older neighbourhoods can have restrictions.
5. How does this compare to other listings under $150k in Winnipeg?
In terms of size, this is on the smaller end—most homes in that price range are either slightly bigger but in need of significant work, or located in more distant suburbs with smaller lots. The William Whyte location puts it close to downtown and amenities, which is a trade-off against the small living area. It’s worth comparing this property’s whole-picture stats to others in the same price bracket, especially lot size and year built.