Property Overview: 148 Pritchard Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 148 Pritchard Avenue is a practical, no-frills property in Winnipeg's North Point Douglas neighbourhood. Built in 1921, its 923 sqft living space is modest but functional, ranking around average for its immediate street. The lot size of 2,543 sqft is compact, even for the area.
The primary appeal lies in its accessibility. With an assessed value of $98k—significantly below averages for the street, area, and city—it represents one of the most entry-level price points in the Winnipeg market. This is a property defined by its fundamentals rather than luxury, suited for a specific buyer.
It would best suit a hands-on first-time buyer, an investor looking for a straightforward rental property, or someone seeking the absolute minimum financial barrier to homeownership in the city. Its value proposition is clear: it’s a chance to own a house, with the understanding that it may require updates and is situated in a transitioning neighbourhood. A thoughtful perspective is that its below-average footprint could mean lower utility and maintenance costs, and its vintage (1921) places it among the area's historic housing stock, which may hold charm for the right owner.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the street and area averages?
The assessed value is based on municipal evaluation, which considers factors like the home's size, age, condition, and recent sales of comparable properties. A value this far below local averages typically reflects the home's more compact size, older age, and potentially the need for modernization.
2. What does the sold price history indicate?
Records show it last sold between late 2019 and early 2020 for a price in the CA$50k–100k band. This historical sale aligns with its current low assessment, confirming its position as a deeply affordable property. Exact sold prices require a manual lookup request through the site.
3. Is the living space sufficient for a family?
At 923 sqft, the living area is below the neighbourhood average. It would likely suit a small household, a single individual, or a couple comfortably. Families may find the space tight, depending on their needs and willingness to utilize the compact lot for outdoor living.
4. How does the lot size impact potential for expansion or gardening?
The lot is smaller than most in the area. While there is some outdoor space, significant expansions or additions may be challenging. It's suitable for a small garden or patio but offers limited scope for major outdoor projects or additions to the home's footprint.
5. What should I consider about a home built in 1921?
Homes of this age possess character but require diligent inspection. Key considerations include the condition of the foundation, roof, plumbing, electrical systems, and insulation. Potential buyers should budget for updates and ensure any inspection thoroughly reviews these older components for safety and efficiency.