490 Pritchard Avenue, Winnipeg – Property Overview
Key Characteristics & Profile
This is a 1,080 sqft home built in 2007 on a 3,485 sqft lot in the William Whyte neighbourhood. The year built stands out significantly—it’s newer than 93% of homes on the street and 87% citywide, where the average home dates to 1966. The assessed value of $220,000 is strong for the immediate area: it ranks in the top 11% of the neighbourhood and top 22% on the street, even though it sits below the citywide average of $390k. Living area is essentially average at every level. The lot is larger than most in the neighbourhood (top 30%) but smaller than typical citywide lots, which often exceed 6,000 sqft. This property largely appeals to buyers who want a newer, move-in-ready home without paying for a newer build in a pricier part of town. It’s well suited to first-time buyers, people looking for lower-maintenance ownership compared to an older character home, or anyone who values recent construction in a neighbourhood where most homes are decades older.
Five Possible FAQs
1. How does the assessed value compare to what I’d actually pay?
The assessed value is a benchmark used for property taxes, not a direct sale price. However, the fact that it ranks well above the street and neighbourhood averages suggests the market in this pocket sees it as a more desirable home relative to its immediate surroundings. The citywide rank is low only because it’s being compared against much more expensive homes across Winnipeg.
2. Why is the living area ranked lower citywide than on the street?
The home’s size is about average for its street and neighbourhood but well below the citywide average of 1,342 sqft. That gap largely reflects that newer suburban homes outside the core tend to be larger. For a home built in 2007 in this part of the city, 1,080 sqft is actually quite typical.
3. Is the land area considered small or large for the area?
It’s on the larger side for William Whyte (top 30%), which means more outdoor space than many neighbouring properties. Compared to citywide averages, it looks small, but that’s because many Winnipeg lots on the outskirts are oversized. In an older inner-city neighbourhood, this lot size is comfortable and not unusual.
4. What does “Top 7%” for year built actually mean in context?
It means only about 7% of homes on this street are newer than 2007. Most were built in the 1930s or earlier. In practical terms, you’re likely looking at a home with modern insulation, wiring, and mechanicals, which older homes nearby may lack—important for both comfort and insurance costs.
5. Does the “around average” living area ranking affect resale value?
Not directly, but it suggests the home doesn’t stand out on size alone. Its value comes more from the newer construction and solid location within the neighbourhood. Future resale will likely hinge on how the area continues to develop, not on square footage comparisons.