Property Summary

Key Characteristics & Buyer Profile

This is a 1,116-square-foot home built in 1926, sitting on a 3,547-square-foot lot in Winnipeg’s Burrows Central area. The living space is above average for its immediate street and neighbourhood, though slightly undersized compared to the citywide median. The assessed value hovers around $160,000 — notably lower than the citywide average of $390,000, but in line with local norms for Pritchard Avenue.

The appeal here is pragmatic. You’re getting more interior space than most homes within a few blocks, but paying below the neighbourhood’s typical assessed value. The lot is mid-sized for the area and the building’s age is unremarkable — a 1920s home in Winnipeg is common enough that maintenance expectations should be realistic. There’s no premium for novelty or location prestige.

This property suits buyers who prioritize square footage over finish quality or curb appeal, and who are comfortable working within an older structure. It’s a solid fit for first-time buyers looking to enter the market with a functional floor plan, or for investors who see upside in a below-average assessment relative to local comparables. It’s less suited for someone seeking a turnkey, low-maintenance property or a fast resale in a hot market.

Frequently Asked Questions

1. How does the assessed value compare to what I’d actually pay?
The assessed value is a municipal estimate, not a market price. At roughly $160,000, it’s low relative to the citywide median, but it’s within the typical range for Burrows Central. Final sale price will depend on condition, demand, and how long the property has been listed.

2. Is the 1926 build a concern for insurance or renovation?
Older homes in Winnipeg are common, but a century-plus structure often means older electrical, plumbing, or foundation work. Budget for a thorough inspection — especially for knob-and-tube wiring, lead pipes, or settling. Insurance may be slightly higher, but it’s rarely a dealbreaker.

3. Why is the living area above average locally but below average citywide?
This reflects the difference between older inner-city neighbourhoods and newer suburban homes. In Burrows Central, 1,116 square feet is generous. Across all of Winnipeg, new builds regularly exceed 1,300 square feet. This property is large for its immediate area, modest for the city as a whole.

4. How does the lot size affect usability or future value?
At 3,547 square feet, the lot is average for the street but smaller than typical suburban parcels. It’s enough for a yard, garage, or small garden, but not for major additions or subdivision. The land value is unlikely to drive appreciation on its own.

5. What does “Bottom 41%” or “Bottom 36%” mean in these rankings?
These are percentile rankings comparing this property to similar homes at the street, neighbourhood, and city levels. “Bottom 41%” means it falls in the lower-performing half for that metric. For assessed value, a low rank can sometimes signal an under-valued property, but it may also reflect age, condition, or location factors. Don’t read too much into a single ranking — look at the full picture.