325 Pritchard Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,756 sqft home built in 1909, set on a 3,483 sqft lot in Winnipeg's William Whyte neighbourhood. Its standout feature is living space: it ranks in the top 4% on its street and top 8% in the area, offering significantly more square footage than nearby homes—roughly 700 sqft above the street average and 600 sqft above the neighbourhood average. The assessed value of $124,000 is notably below both the street ($182,200) and citywide ($390,100) averages, while the year built (1909) and land size (3,483 sqft) are close to typical for the area.
The appeal here is straightforward: you get a large, older home at a relatively low assessed value compared to newer or larger-lot properties elsewhere. That makes it a potential fit for buyers who prioritize interior space over land size, who are comfortable with a century-old structure (and the maintenance that comes with it), or who are looking for value in a neighbourhood where many surrounding homes are smaller. It could also suit someone who wants room to spread out without paying a premium for a big yard—the lot is slightly below average for the city but in line with the local area. Given the below-average assessed value and above-average living area, this property may appeal to those who see potential in a fixer-upper or who are willing to trade newer finishes for square footage.
That said, the data suggests a few less obvious considerations. The living area advantage is real, but it's not matched by a proportional increase in assessed value, which could point to an older layout, deferred updates, or neighbourhood factors that cap price growth. Also, the property’s year-built ranking (top 95% citywide for age) means it's among the older homes in Winnipeg, so systems like plumbing, electrical, and insulation may need close inspection. Finally, the land area, while average locally, is small relative to city norms—this isn't a property for someone wanting a large yard or future expansion room.
Frequently Asked Questions
1. How does the assessed value compare to similar homes in the area?
The assessed value of $124,000 is below the neighbourhood average of $149,100 and well below the street average of $182,200. Citywide, it's in the bottom 1% of comparable homes. This means the property is valued lower than many nearby houses, despite having more living space—likely reflecting its age, condition, and local market dynamics.
2. Is this property suitable for a first-time buyer?
It could be, especially if you're looking for more space than a typical starter home and are comfortable with an older property. The relatively low assessed value may mean a lower purchase price, but factor in potential renovation or maintenance costs. A home inspection is strongly recommended to assess the age of major systems.
3. What does "Top 4% on the street" for living area actually mean?
It means that out of 684 comparable homes on Pritchard Avenue, this property ranks 27th for interior square footage—only 26 homes have more living space. The street average is 1,048 sqft, so this home is about 68% larger than the typical house on the block.
4. How old is the house, and what should I watch for?
Built in 1909, it's one of the older homes in the city (top 95% citywide for age). Key concerns for a home this age include outdated electrical wiring, old plumbing (possibly lead or galvanized pipes), original foundation or roof issues, and insulation that may not meet modern standards. An inspection by someone experienced with century homes is advisable.
5. Why is the land area considered "Below Average" citywide but "Around Average" locally?
Citywide, the average lot size for comparable homes is 6,570 sqft—nearly double this property's 3,483 sqft. However, within the William Whyte neighbourhood, the average land area is 3,277 sqft, so this lot is slightly above that local benchmark. It's a typical city lot for the area, just smaller than Winnipeg's overall suburban norm.