Property Overview: 856 Pritchard Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1913, presents a compelling mix of space, value, and established character. Its standout feature is its generous living area of 1,980 sq ft, which ranks in the top 2% of homes on its street and the top 1% within the Burrows Central neighbourhood. This offers significantly more interior space than most comparable local properties. The home sits on a 3,013 sq ft lot and includes a renovated basement, adding to its functional space. There is no garage or pool.
The appeal lies in its rarity as a spacious, century-old character home in an affordable segment. While its land size and year built are typical for the area, the interior square footage is exceptional for the price point. It suits buyers who prioritize ample living space over a large yard or modern construction, and who see value in a home that has already undergone some updates, like the basement renovation. It’s a practical choice for growing families, multi-generational living, or those who work from home and need extra rooms, all within a mature, established community.
Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home’s assessed value is $24,300, but it last sold in October 2021 for $290,000. This large difference is common and reflects that assessed value for tax purposes often lags behind current market values.
2. What does the "Elite" ranking for living area actually mean?
It means this home’s interior size is larger than 98-99% of similar two-storey homes on Pritchard Avenue and in the Burrows Central area. You are getting much more house, under the roof, than the neighbourhood average.
3. Is the smaller lot size a concern?
The lot is below the city-wide average but is typical for the street and central neighbourhood. It represents a trade-off: the property prioritizes a large house footprint over yard space, which may be preferable for those seeking low-maintenance outdoor areas.
4. What might the 1913 construction mean for a buyer?
While the home has a renovated basement, its age suggests potential for older building materials and systems. It would suit a buyer who appreciates classic construction and is prepared for the maintenance or updates that come with a century-old home, balanced by the charm and space it provides.
5. How stable has the home’s value been?
Previous sale data shows it sold for $250,000 in February 2019 and then $290,000 in October 2021, indicating appreciated value over that 2.5-year period. This suggests a history of marketability in its area.