676 Pritchard Avenue – Property Summary

Key Characteristics & Buyer Profile

This 2018-built home in Winnipeg’s William Whyte neighbourhood stands out primarily for its age. At just six years old, it ranks in the top 1% on its street and top 4% city-wide for newer construction—a sharp contrast to the surrounding area, where the average home was built around 1937. The assessed value of $263,000 is also notably strong within the immediate street and neighbourhood contexts, ranking in the top 9% and top 5% respectively. However, relative to city-wide averages, both the living area (963 sqft) and assessed value sit below the median. The land parcel is compact at 3,010 sqft, ranking in the bottom 17% on the street.

The appeal here is less about square footage or lot size, and more about a move-in-ready modern home in a neighbourhood where most housing stock is older and likely requires more upkeep. A buyer who values lower maintenance, newer systems, and updated finishes—over extra space or a large yard—would be the natural fit. This property would also appeal to someone familiar with the William Whyte area who wants a recent-build without leaving the neighbourhood. For a first-time buyer or someone seeking a smaller footprint with contemporary bones, this is a rare option in an area dominated by century-old homes.

Five Possible FAQs

1. How does the assessed value compare to what I would actually pay?
The assessed value of $263,000 is significantly above the street average ($182,200) and neighbourhood average ($149,100). This suggests the home is already valued at a premium for its newer construction. However, city-wide, it’s below the median ($390,100). The sale price will depend on market conditions, but the assessment indicates the property is considered higher-value within its immediate context, not across the whole city.

2. Is a 963 sqft living area too small for resale later?
It’s smaller than average for all three scopes (street, neighbourhood, city), but that’s partly because the home is new—most comparable older homes in the area were built larger. The risk is that some future buyers may prioritize square footage over age. On the other hand, the 2018 construction and modern layout could offset the size concern for buyers who want efficiency over excess space.

3. Why is the land area relatively small?
Newer infill homes on older lots often have smaller footprints because they’re built on subdivided or narrower parcels. At 3,010 sqft, it's below average for the street (3,730 sqft) and well below city-wide (6,570 sqft). This means less yard maintenance, but also less outdoor space for gardening, parking, or expansion. Buyers should be comfortable with a compact lot.

4. How does the neighbourhood, William Whyte, factor into this property's value?
William Whyte is an older, centrally located neighbourhood with a mix of well-maintained and neglected properties. The home’s high relative value within the area reflects its rarity—new builds are uncommon here. That can be a double-edged sword: you benefit from being a standout property, but resale may depend on how the surrounding area trends. Buyers should visit the street in person and assess neighbouring properties.

5. What does “Top 5%” for assessed value actually mean in practical terms?
It means this home is worth more than 95% of other homes in the William Whyte neighbourhood. But since the neighbourhood’s overall values are low compared to the city, “top 5%” here might still mean a price point that feels modest from a city-wide perspective. The ranking signals local desirability and scarcity, not necessarily luxury or high-end finishes.