690 Pritchard Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 2015-built home with 1,050 sqft of living space on a 3,009 sqft lot. Its standout feature is age: built in 2015, it ranks in the top 3% on its street and top 4% in the William Whyte neighbourhood, where most homes date from the 1920s and 1930s. The assessed value of $247,000 is well above street and neighbourhood averages (top 12% and top 7% respectively), but below the citywide median of $390,000—reflecting the neighbourhood’s more affordable price bracket.
The appeal lies in getting a relatively new home in an older, established area. Buyers who want modern construction without paying new-suburb premiums will find value here. The lot is on the smaller side (below average on the street and citywide), so it suits someone who prefers a lower-maintenance yard over generous outdoor space. The living area is close to street and neighbourhood averages—neither cramped nor spacious. This property likely appeals to first-time buyers, young families, or investors looking for a turnkey asset in a transitioning neighbourhood. The location offers proximity to amenities that come with an older central Winnipeg area, but the house itself avoids the maintenance headaches of a century-old home.
Frequently Asked Questions
1. How does the assessed value compare to similar new builds in the area?
The assessed value of $247,000 is notably higher than the street average of $182,200 and the neighbourhood average of $149,100. This reflects the premium for a 2015 build in a pocket where most homes are 80–90 years older. However, it remains well below Winnipeg’s citywide average for comparable homes ($390,100), meaning you’re paying for newness without citywide pricing.
2. Is the small lot a disadvantage?
It depends on your priorities. The 3,009 sqft lot ranks in the bottom 14% on the street and bottom 12% citywide. That means less yard work and lower upkeep costs, but also less space for gardens, sheds, or future expansions. If outdoor space is a priority, this may feel tight; if you want a newer home with a manageable yard, it’s a trade-off worth making.
3. What does “Top 42%” for living area actually mean in practical terms?
It means the 1,050 sqft is slightly above the street median but nothing exceptional. You’re not getting a large home, but you’re not in a cramped one either. In an area full of older homes with smaller or awkward floor plans, this unit offers a modern, efficient layout that likely feels more usable than the square footage suggests.
4. How does the neighbourhood (William Whyte) compare to surrounding areas?
William Whyte is an older, central Winnipeg neighbourhood with a mix of well-maintained and fixer-upper homes. It’s not a high-demand area citywide—hence the below-average citywide ranking for assessed value—but it has seen gradual reinvestment. A 2015 build here stands out as a newer asset in a neighbourhood where buyers often face renovation costs.
5. What’s the property’s resale potential in the next 5–10 years?
Resale depends more on neighbourhood trajectory than the house itself. The home’s modern construction and good condition give it a strong baseline, but appreciation will likely track with William Whyte’s overall desirability. If the area continues to see infill and upgrades, this property is well-positioned. If not, the small lot and location cap upside. It’s a solid hold for steady use, not a speculative flip.