424 Pritchard Avenue – Property Summary
Key Characteristics & Ideal Buyer
This is a 1,114 sqft home on a 3,484 sqft lot, built in 1894. Its appeal lies in affordability rather than size or condition relative to newer stock. The assessed value of $149k sits well below the citywide average of $390k, and the land area is modest compared to typical Winnipeg lots. The home ranks near the top of its street for being older (Top 99%), which means it’s one of the few pre-1900 properties left in the area. That age brings character—high ceilings, solid bones if maintained—but also likely means older systems and a need for updates.
Where it stands out: the neighbourhood average assessed value is nearly identical at $149.1k, so there’s no premium baked in for the street or block. The living area is slightly above the street and neighbourhood averages, which is uncommon for an older home. This property would suit a buyer looking for an entry-level price point in Winnipeg’s inner city, someone comfortable with a fixer-upper or a renovation project, or an investor seeking a low-cost rental with potential upside in the William Whyte area. It’s less suited for a buyer wanting move-in ready or a large yard.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The home is valued at $149k, which is slightly below the street average of $182.2k but almost exactly in line with the neighbourhood average. Citywide, it’s in the bottom 3% for assessed value—meaning most Winnipeg homes are worth significantly more.
2. Is a 1,114 sqft living area considered small for an 1894 home?
Actually, it’s slightly above the street and neighbourhood averages (1,048 and 1,158 sqft, respectively). Many homes of that era in the area are smaller. Citywide, it falls in the lower half, but for the William Whyte neighbourhood, it’s a typical size.
3. What’s the lot like, and is it usable for gardening or expansion?
At 3,484 sqft, the lot is larger than the neighbourhood average (3,277 sqft) but smaller than the street average (3,730 sqft). It’s a standard city lot—not oversized, but not cramped. Citywide, it ranks in the bottom 19% for land area, so don’t expect a deep backyard by Winnipeg standards.
4. Why is the year built a potential concern?
Built in 1894, it’s one of the oldest homes on the street and in the city. That means it likely has original foundation, wiring, plumbing, or insulation challenges. A thorough inspection is essential; older homes often need updates to meet modern codes and efficiency standards. The upside is historic character and potentially solid timber framing.
5. How does this property rank against others in the William Whyte neighbourhood?
It’s solidly middle-of-the-pack. Living area ranks in the top 46%, assessed value in the top 41%, and land area in the top 32%. The main weakness is age—it’s older than 98% of nearby homes. For a buyer, it’s a trade-off between lower purchase price and likely higher maintenance costs.