Property Overview
This 1955-built, one-storey home at 1619 Pritchard Avenue presents a practical opportunity in Winnipeg's Burrows-Keewatin neighbourhood. Its primary appeal lies in the land itself—a 4,999 sqft lot that ranks in the top 10% for size on its street, offering above-average outdoor space for the immediate area. The home is modest, with 912 sqft of living space and a detached garage. Recent data shows a clear trend of increasing value, with the sale price rising from $160k in 2019 to $210k in 2024.
This property would suit a first-time buyer, an investor, or a hands-on owner looking for a land-strong proposition. It's for someone who sees potential in the sizable lot—whether for gardening, expansion, or future redevelopment—and is comfortable with a home whose value is currently more grounded in its location and land parcel than in its existing structure. The buyer should be prepared for a home that, while maintained, may require updates reflective of its age.
Frequently Asked Questions
1. Is the assessed value a realistic indicator of the market price?
No, the municipal assessed value ($21.3k) is for tax purposes and is not a market appraisal. The recent sale history ($210k in 2024) is the true indicator of its current market value.
2. How does the lot size compare meaningfully?
While the lot is slightly above average city-wide, it's notably larger than most on Pritchard Avenue itself (top 10%). This means more private outdoor space than you'd typically find on this block, which is a key advantage.
3. What does the sale history tell us?
The $50,000 increase in sale price between 2019 and 2024 suggests growing demand or perceived value in the area, even for modest homes. It indicates a positive trajectory for the property.
4. Is the living space too small?
At 912 sqft, it is compact and below the Winnipeg average. It functions efficiently for a small household but would feel cramped for a large family. The appeal balances the smaller interior against the larger-than-average lot.
5. What are the immediate considerations given its age?
Built in 1955, prospective buyers should budget for potential updates to major aging systems (like plumbing, electrical, or the roof) and anticipate energy efficiency levels typical of mid-century construction. A thorough inspection is essential.