Property Summary: 967 Pritchard Avenue, Winnipeg
Section 1: Overview & Appeal
This one-storey home on Pritchard Avenue is a property defined by its land and location. Built in 1967, it is notably newer than most homes in the Burrows Central neighbourhood and on its own street. The primary asset is the 4,220 sqft lot, which is significantly larger than the average for the immediate area, offering ample outdoor space. The living area of 1,052 sqft is consistent with local norms. It features a basement (unrenovated) and a detached garage.
The appeal lies in its above-average, quiet lot size for the area and a house that is structurally younger than its neighbours, potentially suggesting fewer immediate major repairs. The very recent sale in September 2024 indicates a refreshed market value. This property would suit a practical buyer looking for a land-positive opportunity—perhaps a first-time investor, a homeowner wanting room for gardens or additions, or a renovator comfortable with a home that needs updating, starting with the basement. It’s a grounded choice where value is anchored more in the parcel of land and its relative newness than in the current finish of the home.
Section 2: Frequently Asked Questions
Q: The assessed value seems low compared to the sale price. Why is that?
A: Municipal assessed values for tax purposes often lag behind current market conditions. The recent sale price of $27,300 is a more accurate reflection of its present market value.
Q: How does the larger lot size benefit me?
A: Beyond simple outdoor space, a larger lot in an established neighbourhood provides flexibility. It could allow for future expansions like a larger garage, a garden suite (subject to zoning), or simply more privacy and room for children or pets to play compared to tighter lots nearby.
Q: The home is newer than others on the street. What are the pros and cons of that?
A: Pros include potentially newer major systems (like plumbing or electrical) and building materials, which might mean fewer age-related issues. A con is that the architectural character may differ from the older, historic homes in the area.
Q: What does the "unrenovated basement" typically imply?
A: It likely means the basement is in original or functional condition, but not modernized. It offers usable space for storage or utilities but presents an opportunity for future finishing to add living area. Buyers should budget for any necessary moisture-proofing or updates.
Q: The sale history shows it just sold. Why is it back on the market?
A: The provided data indicates a sale in September 2024. A quick resale can happen for many neutral reasons, such as a change in the buyer's circumstances, an investor's flip, or a relocation. It’s a point to discuss with the listing agent for clarity.