Property Overview: 1476 Pritchard Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, presents a practical opportunity in Winnipeg's Burrows-Keewatin neighbourhood. Its key features include a renovated basement and a detached garage on a 3,750 sqft lot. The appeal lies in its position as a value-conscious entry point into the market. With a notably low assessed value and a recent sale price of $22,500, it stands well below city-wide averages, offering a very low barrier to entry for land ownership.
The home suits specific buyer profiles. It’s a potential fit for an investor or handy homeowner looking for a foundational property where the land represents a significant portion of the value, and improvements can be made over time. It may also appeal to those seeking minimal property tax overhead. A less obvious perspective is its relative modernity for the immediate area—built in 1948, it is newer than many direct neighbours, suggesting potentially fewer immediate concerns associated with much older construction. However, with 880 sqft of living space, it is compact, prioritizing lot size over interior square footage.
Section 2: Frequently Asked Questions
1. Is this a move-in ready home?
The listing notes a renovated basement, but the overall living area is below average for the street and city. Buyers should budget for potential updates to the main and upper floors to meet modern standards.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's specific characteristics (smaller home, older area) compared to the wider Winnipeg market. It indicates this is a value-driven listing rather than a premium one, which is reflected in the lower property taxes.
3. What does the lot size mean for me?
At 3,750 sqft, the lot is around average for Pritchard Avenue but below average for the broader neighbourhood and city. It offers decent outdoor space for a home of this size, with room for gardening, parking, or future expansion like a shed or addition, subject to zoning.
4. Who are the typical neighbours?
The provided comparable properties on Pritchard Avenue show a mix of older homes (some from 1918) and much newer construction (2019), indicating a street in transition. This can mean varied property conditions and styles nearby.
5. Is the detached garage a major benefit?
Yes, especially in Winnipeg. A detached garage provides secure parking and storage separate from the house, a valuable asset given the climate and the home's smaller interior living area.