Property Overview: 1452 Pritchard Avenue
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1960, presents a compelling opportunity centered on space and value. Its primary strength is its generous 2,026 sqft of living area, which ranks in the top 2% of homes on its street and the top 1% within the Burrows-Keewatin neighbourhood. This makes it a notably spacious option in its local context. The property sits on a 3,500 sqft lot, which is around average for Pritchard Avenue but smaller than typical lots in the wider neighbourhood and city.
The home’s appeal lies in its potential. It features a basement (not renovated) and a detached garage, offering functional space for storage, hobbies, or future projects. The assessed value is significantly lower than the citywide average, suggesting a property that may be valued for its land and structure rather than high-end finishes. This profile suits practical buyers looking for ample indoor living space without a premium price tag, such as large families, multi-generational households, or investors seeking a property with a strong value proposition and room to add value over time. A thoughtful perspective is that its newer build date (compared to many area homes) could mean fewer immediate concerns with aging infrastructure, while the smaller lot size translates to less exterior maintenance.
Section 2: Frequently Asked Questions
1. Is the home in move-in condition?
The listing notes the basement is "not renovated." Buyers should be prepared for a property that likely requires updates or cosmetic improvements throughout.
2. Why is the assessed value so much lower than the city average?
Assessed values are based on many factors, including location, property type, and market area. This assessment reflects the local market norms in Burrows-Keewatin, where values are generally lower than the Winnipeg-wide average.
3. How does the living space compare to nearby homes?
Very favourably. With over 2,000 sqft, this home offers substantially more living area than most comparable properties on the street and in the immediate neighbourhood, where averages are around 1,000 sqft.
4. What does the sale history indicate?
The home last sold in October 2019 for $29,500. This historical price, well below the current assessed value, underscores the property's trajectory as a value-based opportunity and may indicate significant change or investment potential in the area.
5. Is the lot size a limitation?
While the lot is smaller than many in Winnipeg, it is typical for Pritchard Avenue. It provides adequate outdoor space without the burden of extensive yard maintenance, which some buyers may prefer.