Property Overview & Key Characteristics
This one-and-a-half storey home on Pritchard Avenue, built in 1912, presents a classic Winnipeg character home with practical foundations. Its key appeal lies in its established lot size and location within the city. The property sits on a 3,013 sqft lot, which ranks within the top 25% for size on its street, offering above-average outdoor space for the area. With a detached garage and an unrenovated basement, it provides functional space and a clear canvas for updates.
The home would suit a pragmatic first-time buyer or an investor looking for a character property with solid fundamentals in a central neighbourhood. Its assessed value is notably lower than its last sold price in 2019, which may attract buyers looking for potential long-term value. The appeal is grounded in space and possibility rather than turn-key finish, ideal for someone comfortable with gradual improvement.
Frequently Asked Questions
1. What does the "top X%" ranking mean for the lot size and year built?
These rankings compare this specific property against all others on its street, in Burrows Central, and across Winnipeg. For example, its lot size is larger than 75% of lots on Pritchard Avenue, which is a significant advantage. Its age (1912) is older than most in Winnipeg, but newer than 65% of homes on its own street, providing context for the neighbourhood's character.
2. The assessed value is much lower than the 2019 sale price. Why?
Municipal assessed value for tax purposes often doesn't directly correlate with market sale prices, which are influenced by broader market conditions, property updates, and buyer demand. This discrepancy could indicate various scenarios, and reviewing any changes or market shifts since 2019 would be important.
3. What is implied by an "unrenovated basement"?
Typically, this means the basement remains in a functional, utilitarian state, likely with original or older finishes, mechanical systems, and layout. It presents both a cost consideration for potential moisture management or updates, and an opportunity to customize the space without removing prior renovations.
4. How does this home compare to others in the area?
The listed nearby and similar-value properties show a wide range of sizes, values, and conditions in Burrows Central. This home's living area (1,002 sqft) is mid-range for the immediate area, but its lot size is a standout feature compared to many neighbours.
5. What are the less obvious considerations for a home of this era?
While charm and build quality are positives, a 1912 home will have aging core components like plumbing, electrical, and the roof. The unrenovated state means these systems may be original or dated, so a thorough inspection is crucial. Conversely, it also means there are no poorly executed modern renovations to undo, offering a clean slate for thoughtful updates.