292 Pritchard Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,140 sqft home built in 1931 on a 3,486 sqft lot in Winnipeg’s William Whyte neighbourhood. Its assessed value is $165,000.
What stands out is the balance. The living area is above average for the street (top 30%), right around the neighbourhood norm, and slightly below the city average. The land area is generous for the area (top 29% in the neighbourhood) but modest citywide—typical for an older urban lot. The assessed value sits near the neighbourhood average but well below the city median, which reflects both the older housing stock and the area's position in the market.
The appeal is straightforward: you get a solidly sized house on a good lot in a mature neighbourhood, at a price point well below what most of Winnipeg pays for housing. The 1931 build means character details and likely solid construction, but also means older systems and maintenance needs. It is not a turnkey property for someone expecting modern finishes, and it is not in a high-appreciation area—but for a buyer who values space per dollar and doesn’t mind working on an older home, it offers real affordability. It would suit a first-time buyer looking to enter the market, an investor focused on cash flow rather than rapid appreciation, or someone handy who wants to build equity through gradual improvements.
Frequently Asked Questions
1. How does the assessed value compare to what I might actually pay?
The city assessed value is $165,000, which ranks near the bottom citywide (top 96%). Market prices in William Whyte can vary significantly depending on condition and recent renovations. This assessment suggests a below-median price point, but you should expect to pay close to market comps, which may be somewhat higher depending on the home's condition.
2. Is this a good area for resale value?
The neighbourhood sits in the middle of the pack for living area and land size locally, but the citywide rankings for both assessed value and year built are low. Historically, areas like William Whyte have seen slower appreciation than more central or suburban Winnipeg neighbourhoods. If you buy here, your returns will likely come from improving the property itself rather than broad market uplift.
3. What should I look out for with a home built in 1931?
Homes of this vintage often have knob-and-tube wiring, cast iron or galvanized plumbing, asbestos in older insulation or flooring, and foundations that may need attention. The fact that it ranks above average for age within the neighbourhood (top 24%) suggests many nearby homes are even older, which means the area may have older infrastructure generally. A thorough inspection is essential, especially for the electrical system, plumbing, and basement structure.
4. How does the lot size affect usability?
At 3,486 sqft, the lot is above average for the neighbourhood but small by citywide standards. It gives you a decent backyard for gardening, a small shed, or kids' play space, but don’t expect a sprawling yard. In an older neighbourhood like William Whyte, lots are typically narrow and deep, so check the actual dimensions to see how usable the space really is.
5. How reliable are the rankings and averages shown?
The data compares this property to a set of "comparable homes" within each scope (street, neighbourhood, city). The averages are rough medians, and the rankings show where this property falls relative to peers. They are useful for a quick read on how the house fits into the local market, but they do not account for condition, renovations, or specific features. Use them as a starting point, not a final judgment.