Property Overview: 1634 Pritchard Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-situated, no-fuss bungalow on a notably spacious lot in the Burrows-Keewatin neighbourhood. Built in 1955, it is newer than many homes on its street and within the local area, suggesting potentially fewer immediate concerns with aging infrastructure. The core appeal lies in its land: at 4,392 sqft, the lot size is in the top 19% on Pritchard Avenue, offering above-average outdoor space for the immediate area. The living area of 1,048 sqft is modest but ranks above average for the neighbourhood, indicating a comfortable size relative to nearby homes.
The property’s assessed value is significantly below the Winnipeg city average, highlighting its affordability and positioning it as a practical entry point into the market. With a detached garage and no basement, it presents a straightforward, single-level living layout. This home would suit first-time buyers or pragmatic investors seeking a land-value proposition with a livable house. Its strong lot size for the street and newer build year for the area offer subtle advantages not immediately apparent in a basic listing, appealing to those who see value in long-term potential and simpler maintenance.
Frequently Asked Questions
1. What does the "below average citywide" assessed value mean?
It primarily reflects the home’s location and market segment within Winnipeg. While the value is low compared to the entire city, it is around average for both the street and the Burrows-Keewatin neighbourhood, indicating the price is typical for this specific community.
2. Is the lack of a basement a major drawback?
It depends on your needs. It simplifies concerns about flooding or finishing costs but reduces storage and potential for a secondary suite. The above-average living area for the neighbourhood helps offset the lost space.
3. How does the 2020 sale price relate to today’s value?
The $200k sale price from November 2020 provides a historical benchmark. Current value would be influenced by market conditions since then, updates to the property, and the assessed value figure, which is used for tax purposes.
4. What are the implications of the lot size ranking so well?
A lot size in the top 19% on the street means you’re getting more outdoor space than most direct neighbours. This could allow for larger gardens, additions, or simply more privacy, and often holds long-term value.
5. The home is 71 years old. What should I consider?
While newer than many on the street (top 21%), a home from 1955 will still require a thorough inspection. Focus on the roof, wiring, plumbing, and foundation. Its age relative to peers may suggest some major systems could have been updated already.