728 Pritchard Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1,144 sqft home on a 3,010 sqft lot, built in 1907, with an assessed value of $112,000. The property sits in the William Whyte neighbourhood of Winnipeg.
What stands out: The living area is above average for the street (top 29%), but the assessed value is significantly below the street average ($112K vs. $182K). That gap suggests the property may be undervalued relative to its size—or that the home needs meaningful updates. The lot is smaller than typical for the area, and the home is older than most on the street and citywide.
Where the appeal lies: For a buyer looking for more indoor space than peers at a lower price point, this property offers a clear value proposition. The living area is generous relative to cost. It’s also a home with good bones for someone open to renovation or sweat equity—the low assessed value and older construction suggest room to add value over time.
Who it suits: This would work well for a hands-on buyer—someone comfortable with an older home who wants to invest in upgrades rather than pay a premium upfront. It could also suit an investor looking for a property with below-market entry cost in an around-average neighbourhood, where the size-to-price ratio is favourable. It’s less suited to someone wanting a turnkey home or a large yard.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
The assessed value of $112,000 is well below the Pritchard Avenue average of $182,200 and also below the William Whyte neighbourhood average of $149,100. Citywide, it’s in the bottom 1% of comparables. This likely reflects the age of the home and possibly its condition relative to newer or updated properties.
2. Is the living area considered large for this price range?
Yes. At 1,144 sqft, it’s above the street average (1,048 sqft) and the neighbourhood average (1,158 sqft). Given the below-average price tag, you’re getting more square footage per dollar than many nearby options.
3. The home was built in 1907. What should I be aware of?
Older homes often have solid construction but may need updated electrical, plumbing, insulation, or roofing. The year built ranks in the bottom 22% on the street and bottom 4% citywide, so maintenance history and any recent upgrades are worth investigating closely.
4. Is the land area a downside?
It depends on your needs. At 3,010 sqft, the lot is smaller than the street average (3,730 sqft) and the citywide average (6,570 sqft). If you want a large garden or space for extensions, this property may feel tight. But for a modest yard that requires less upkeep, it could be a good fit.
5. What does “Top 29% on the street” actually mean for living area?
It means that out of 684 comparable homes on Pritchard Avenue, this property ranks 201st—so only about 29% of homes on the street are larger. In other words, it’s on the larger side for the street, which is notable given its lower assessed value.