Property Overview: 1044 Pritchard Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, century-old home (built in 1914) on a standard-sized lot in the Burrows Central neighbourhood. Its key characteristics are its modest 932 sqft living area, an unrenovated basement, and no garage. The appeal lies primarily in its position as an affordable entry point into the Winnipeg market. The home sits on a 3,011 sqft lot, which is smaller than the city average but typical for its street and area, offering manageable upkeep.
The property would suit a specific type of buyer: first-time purchasers or investors looking for a low-cost footprint with potential. Its assessed value is significantly below the city average, indicating a very modest tax burden. A thoughtful perspective is that this home represents a "blank canvas" opportunity. While it requires work, its size and lot are in line with local norms, meaning renovations could align well with the neighbourhood's character rather than over-improving for the area. It’s a practical choice for someone comfortable with a project, not a turn-key solution.
Section 2: Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as "not renovated." Buyers should budget for any desired improvements and consider a thorough inspection for a home of this age.
2. How does the lot size compare to others?
At 3,011 sqft, the lot is smaller than the Winnipeg average but is typical for Pritchard Avenue and the broader Burrows Central area. It ranks in the top 82% on its street (meaning 82% of comparable homes on the street have smaller lots).
3. What does the "Top X%" ranking mean for the Sale Price?
The home sold for $21,500, which ranks in the "Top 26%" for its street. This means the sale price was higher than 26% of comparable sales on Pritchard Avenue. It indicates the price was above the local street average but below the broader Winnipeg average.
4. What type of maintenance should I anticipate for a 110-year-old home?
Given its age, proactive attention to foundational elements, roofing, wiring, and plumbing is essential. The unrenovated state suggests major systems may be original or dated, so inspection and modernization should be key priorities.
5. How does the assessed value relate to market value?
The assessed value for tax purposes is $18,900, which is well below the city's average assessed value. The home recently sold for $21,500. Assessed value is used for calculating property taxes and often differs from market value, which is determined by what a buyer is willing to pay.