720 Pritchard Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,010 sqft home built in 1912 on a 3,010 sqft lot, with an assessed value of $152,000. It sits in the William Whyte neighbourhood of Winnipeg.
The property's appeal is largely tied to its affordability and relatively strong value within its immediate area. While the living area (996 sqft) is slightly below the street average and well below the citywide average, the assessed value is competitive—ranked in the top 40% within the neighbourhood, meaning you're getting more house for the money compared to nearby properties. The year built (1912) puts it among older homes citywide (top 92%), but on the street and in the neighbourhood, it's fairly typical, not unusually old.
The land area is on the smaller side for the street (top 83%), but right around the neighbourhood average. This suggests a compact lot in a denser, older urban setting.
What type of buyer would this suit? Someone looking for an entry-level home in a central Winnipeg neighbourhood, likely a first-time buyer or an investor focused on affordability. It's not a "turnkey" property for someone wanting modern finishes or a large yard. Instead, it appeals to buyers who see potential in an older home with decent bones and a location that offers relative value compared to citywide averages. The kind of buyer here is comfortable with a fixer-upper or a home that's been maintained but not upgraded—someone who prioritizes location and price over square footage or lot size.
Frequently Asked Questions
1. How does this home's assessed value compare to others in William Whyte?
It's slightly above the neighbourhood average of $149,100, ranking in the top 40%. So while the home is below average by citywide standards, it's actually a better value proposition within its immediate area—you're paying less relative to neighbouring homes that are assessed higher.
2. Is the living area considered small for this neighbourhood?
It's close to the neighbourhood average of 1,158 sqft but slightly below the street average of 1,048 sqft. The property ranks in the top 62% for living area in William Whyte, meaning it's roughly mid-range—not notably cramped for the area, but also not generous by citywide standards.
3. How old is the house, and does that matter?
Built in 1912, it's significantly older than the citywide average (1966) but typical for this street and neighbourhood, where most homes were built between 1927 and 1937. Older construction often means solid materials (like old-growth lumber) but may come with outdated systems—so a home inspection is important.
4. What's the lot size like?
3,010 sqft. That's smaller than the street average (3,730 sqft) but right around the neighbourhood average (3,277 sqft). It's well below the citywide average of 6,570 sqft, which reflects the denser, more urban character of William Whyte. Expect a modest yard, not a sprawling lot.
5. How does this property rank compared to others in Winnipeg overall?
It sits in the bottom quarter citywide for both living area (top 74%) and assessed value (top 97%), and in the bottom 12% for lot size (top 88%). Essentially, it's a small, older, lower-value home by citywide metrics—but within its street and neighbourhood, it's solidly average. The real value is in the local comparables, not the citywide picture.