Property Overview

This is a compact, one-storey home on a generously sized lot in Winnipeg's Burrows-Keewatin neighbourhood. Built in 1955, its primary appeal lies in the land itself—at 5,199 sq ft, the lot is significantly larger than most on its street and in the local area, offering ample outdoor space and future potential. The house, with 1,011 sq ft of living area, is modest and functional. Its assessed value is notably low, reflecting the home's condition and size rather than the land value. This creates a distinct value proposition: it’s a property for those who see the underlying asset. It would suit a practical buyer looking for an entry point into homeownership with room to expand, an investor interested in the lot's redevelopment potential, or someone seeking a lower-cost property where the value is held in the land, not the structure.

Key Details & FAQs

• What are the key features? The property features a detached garage and sits on a 5,199 sq ft lot, which is in the top 6% for size on Pritchard Avenue. The home itself is a one-storey bungalow with 1,011 sq ft of living space.
• How does it compare to the neighbourhood? The lot size is well above the area average, while the house is a fairly typical size for Burrows-Keewatin. Its last sale price and current assessed value are both below the Winnipeg city-wide average.
• Who might this property appeal to most? It's a practical fit for first-time buyers or downsizers comfortable with a smaller home who value private outdoor space. It also holds clear appeal for builders or investors considering the lot for a future new build or significant renovation.
• Is the property in good condition? The listing does not specify condition, but the age of the home (71 years) and its low assessed value suggest it likely requires maintenance, updates, or is being valued primarily for its land.
• What is the potential here? The significant lot size is the standout feature. The potential lies in expanding the existing home, redeveloping the lot (where zoning allows), or simply enjoying one of the larger yards on the block for the price of a much smaller property.