1591 Pritchard Avenue

Property Overview

This 1955-built, one-storey home on Pritchard Avenue is defined by its generous lot and practical layout. With a living area of 912 sqft, the house itself is modest and efficient, suitable for a small household or someone seeking minimal interior upkeep. The true standout feature is the 4,999 sqft lot, which ranks in the top 10% for size on its street. This presents a significant opportunity for expansion, gardening, or simply enjoying ample outdoor space—a rarity in many city neighbourhoods. The detached garage adds practical storage or workshop potential.

Its appeal lies in its value as a land play or a straightforward, affordable entry into homeownership. The assessed value is notably low, reflecting the home's age and size, which translates to lower property taxes. It suits first-time buyers comfortable with a home that may require updates, investors looking for a property with redevelopment potential due to the large lot, or downsizers seeking a manageable single-level layout with a surprisingly private yard.

Frequently Asked Questions

What does the "top 10% for land area" ranking actually mean?
It means this property's lot is larger than 90% of the lots on Pritchard Avenue. At nearly 5,000 sqft, it offers significantly more outdoor space than the typical home on this street.

Is the low assessed value a concern?
Not necessarily. It primarily reflects the home's smaller size and age compared to the citywide average. A lower assessment typically results in lower annual property taxes, which can be a financial advantage for the owner.

Who might this property not be suitable for?
It may not suit buyers looking for a move-in-ready, modern home with a finished basement, as it has none. It's also likely too small for larger families needing multiple bedrooms or dedicated living spaces.

The home sold for $18,500 in 2022. What does that indicate?
That sale price, well below typical market values for a house, strongly suggests it was a non-arms-length transaction (such as between family members) or a sale of the land/value only, and should not be used as a benchmark for its current market value.

How should I interpret the "below average" citywide rankings?
For a home of this vintage and size in Winnipeg, rankings for living area and value being "below average" are expected. They highlight that this is a compact, affordable property rather than a direct comparison to newer or larger suburban homes.