379 Pritchard Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,056-square-foot home built in 1901 on a 3,482-square-foot lot in Winnipeg's William Whyte neighbourhood. The property sits at a lower assessed value of $104,000 compared to both street and city averages. Its living area is close to typical for the street, but the land is slightly smaller than average at the local level, though still competitive within the neighbourhood (top 33%).
The main appeal here is affordability. The assessed value ranks in the top 90% on the street (meaning it's among the lowest-priced) and top 99% citywide. For a buyer looking to enter the market without stretch financing, this represents a low barrier to entry. The year built (1901) places it among the older homes in the area, so the property likely has original character—but also potential for deferred maintenance or renovation needs.
This property would suit a hands-on buyer: an investor looking for a renovation project in a densifying inner-city neighbourhood, or a first-time owner willing to put in sweat equity. It's less suited for someone wanting a turnkey, low-maintenance home. The numbers suggest the value is in the land and location, not the current structure.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessment of $104,000 falls in the bottom 1% citywide. This typically reflects the home's age (over 120 years old) and condition, combined with the fact that many homes in the area have been upgraded or rebuilt. It suggests the property has not undergone significant recent improvements that would raise its taxable value.
2. How does the land size compare to other homes in William Whyte?
The lot is 3,482 square feet—slightly above the neighbourhood average of 3,277 square feet, ranking in the top third locally. However, it's well below the citywide average of 6,570 square feet, which makes this a more compact urban lot typical of older, closer-in neighbourhoods.
3. Is the living area considered small for the area?
At 1,056 square feet, it's essentially average for the street (ranked 267 out of 684) and close to the neighbourhood median. It's about 285 square feet below the citywide average, so not unusually small for an older home, but it won't offer generous room sizes without a renovation.
4. What should a buyer know about a 1901 home specifically?
Homes of this vintage often have solid wood framing, high ceilings, and original detailing, but may lack modern insulation, updated electrical, and proper foundation damp-proofing. Buyers should budget for a thorough structural inspection—especially looking at knob-and-tube wiring, lead paint, and the condition of windows and the roof.
5. How does this property fit into the William Whyte neighbourhood?
The neighbourhood is an older, inner-city area with a mix of well-maintained homes and fixer-uppers. This property's low assessment and age put it in the category of "renovation candidate," and the neighbourhood has seen pockets of reinvestment. It's walkable to services but not a high-demand area—which keeps prices low but may also mean slower resale unless improvements are made.