Property Overview: 851 Pritchard Avenue, Winnipeg
Key Characteristics & Appeal
This is a classic one-and-a-half storey home built in 1905, offering a blend of historic character and practical updates. Its key features include a renovated basement and a detached garage. With 872 sqft of living space on a 3,547 sqft lot, the home presents a manageable footprint. The appeal here is grounded in value and potential. The lot size is notably generous for the central Burrows neighbourhood, providing valuable outdoor space that is above average for the immediate area. While the living area is compact, the renovated basement adds functional space. The home last sold in 2018 for $100k, a price point significantly below city averages, indicating an accessible entry point into the market.
This property would suit a first-time buyer or an investor looking for a character home with a solid lot size, without a premium price tag. It’s a practical choice for someone comfortable with a home whose layout reflects its early-20th-century origins, and who may see value in the opportunity to personalize the space over time. The stats reveal a thoughtful perspective: this home isn’t competing with city-wide averages, but rather holds its own within its established community, where its lot size and assessed value are actually around the neighbourhood norm.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, moisture management, and legal compliance (e.g., egress windows) should be verified through a viewing and inspection.
2. How does the 1905 build year affect the home?
While offering charm, a home of this age likely requires careful attention to foundational integrity, original wiring and plumbing updates, and insulation. A thorough inspection is essential to understand both its character and its needs.
3. The assessed value seems very low compared to the last sale price. Why?
Municipal assessed value for tax purposes is often a lagging indicator and not a direct reflection of current market value. The 2018 sale price of $100k is a more relevant recent benchmark, though market conditions have likely changed since then.
4. Is the lot size a advantage?
Yes. The lot is larger than many in the Burrows Central area, offering more private outdoor space and potential for gardening, expansion, or additions, subject to zoning bylaws.
5. What are the considerations for the detached garage?
A detached garage adds valuable storage or workshop space. You’ll want to assess its condition, size (for modern vehicles), and the potential cost of any repairs or upgrades.