450 Pritchard Avenue – Property Summary
1. Key Characteristics & Buyer Profile
This is a 1,038 sqft home built in 1905 on a 3,485 sqft lot in Winnipeg’s William Whyte neighbourhood. Its assessed value is $132,000.
Where the appeal lies: The property’s main draw is its land. While the lot is smaller than the citywide average, it ranks in the top 30% within the neighbourhood – meaning it offers more outdoor space than most nearby homes. The living area is also close to the street average, so the house itself is not unusually small for the area. The assessed value is well below the citywide median, which may appeal to buyers looking for a lower entry point in a neighbourhood where prices are moderate.
What type of buyer it would suit: This property is best suited for someone who values yard space over a larger house footprint, or who is open to a renovation project on a solid lot. It could also work for an investor or first-time buyer focused on affordability within the city. The older build (1905) means it will likely require maintenance and updates, so it’s not ideal for someone seeking a move-in-ready, low-maintenance home. A less obvious angle: because the house is old but the land ranks well locally, the property’s long-term value may lie more in the lot than the structure – something to consider if you’re thinking about future redevelopment or major renovations.
2. Five Frequently Asked Questions
1. How does the assessed value compare to similar homes?
The assessed value of $132,000 is below the street average ($182,200) and well below the citywide average ($390,100). Within the neighbourhood, it’s close to average (top 53%).
2. Is the house very old compared to others in the area?
Yes. Built in 1905, it’s older than most homes on the street (average 1937) and older than the neighbourhood average (1927). Citywide, it ranks in the oldest 2% of comparable homes.
3. Is the lot size typical for the neighbourhood?
The lot is 3,485 sqft – above average for the neighbourhood (3,277 sqft) but below the citywide average (6,570 sqft). It ranks in the top 30% locally.
4. What does the living area ranking tell me?
At 1,038 sqft, the living area is close to the street average (1,048 sqft) and neighbourhood average (1,158 sqft). It ranks around the middle locally but is smaller than the typical citywide comparable home (1,342 sqft).
5. How are the rankings calculated, and what do the colors mean?
Rankings compare this property to similar homes within the same street, neighbourhood, and city. Larger living area and land area, newer construction, and higher assessed value get better ranks. The bar fill and color (red, blue, amber, gray) show how many peers you outperform – fuller bars mean a stronger position relative to others. “Avg” refers to the median for comparable homes in that scope.