712 Pritchard Avenue

712 Pritchard Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a compact, older home in Winnipeg’s William Whyte neighbourhood. With 830 sq. ft. of living space on a 2,555 sq. ft. lot, it’s smaller than most comparable properties at the street, neighbourhood, and citywide levels. The house was built in 1909, putting it among the older homes on the block, though not unusually so for the area. Its assessed value of $99,000 is notably low—well below the street average of $182,200 and far below the citywide average for similar homes.

The property’s main appeal is its price point. For buyers who are willing to work with less square footage and an older structure, this represents one of the more affordable entry points in the neighbourhood. It would suit first-time buyers on a tight budget, investors looking for a low-cost rental or flip with careful renovation, or someone who values location over size and wants to avoid a mortgage-heavy purchase. That said, the small lot and below-average rankings across all categories mean this isn't a property that will appeal to those seeking space, modern finishes, or high resale upside without significant work.

Frequently Asked Questions

1. How does the assessed value compare to others on the street?
The assessed value of $99,000 ranks near the bottom—628th out of 684 properties on Pritchard Avenue. The street average is $182,200, so this home is well below typical valuations in the immediate area.

2. Is the lot size unusually small?
Yes. At 2,555 sq. ft., the lot is smaller than 95% of comparable homes on the same street (where the average is 3,730 sq. ft.) and 94% citywide. This limits expansion, garage space, or yard potential.

3. What does “below average” mean for the year built?
The house was built in 1909. On Pritchard Avenue, the average year built is 1937, so it’s older than most neighbours. It’s roughly average for the William Whyte neighbourhood (where the median is 1927), but significantly older than the citywide average of 1966. Expect older systems, materials, and potential maintenance needs.

4. Who typically buys a property like this?
Most commonly, buyers are cost-conscious first-time homeowners who prioritize affordability over space, or investors targeting low entry costs for a renovation or rental. It’s less suited to families needing more room or buyers expecting a turnkey home.

5. Are there any hidden advantages to a lower-ranked property like this?
The main advantage is price—both the purchase cost and likely lower property taxes. For someone who can handle repairs and doesn’t need a large footprint, it can be a way into a neighbourhood that might otherwise be out of reach. The smaller lot also means less yard maintenance.