1391 Pritchard Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1948 bungalow with 880 square feet of living space on a 4,972-square-foot lot, assessed at $170,000. The property’s strongest feature is its land. The lot ranks in the top 14% on Pritchard Avenue and top 16% in the Shaughnessy Park neighbourhood—well above average for both. The house itself is older than most in the city (top 74% citywide), but its age is consistent with neighbouring properties on the street, where the average home was built in 1937. Living space is below average at every level: street, neighbourhood, and citywide. The assessed value is around average for the street but falls well below neighbourhood and city medians.

The appeal here is land value and potential. For someone willing to renovate or rebuild, the lot offers a rare footprint relative to nearby homes. It would also suit a buyer who doesn’t need much interior space and values a larger yard in a central Winnipeg neighbourhood. This is not a turnkey starter home or a polished resale—it’s a property where the underlying asset is the dirt, not the structure. First-time buyers with renovation experience or investors looking for a lot play in an older, established area would find it most relevant.

Frequently Asked Questions

1. How does the assessed value compare to similar homes nearby?
On Pritchard Avenue, the $170,000 assessment is around average (top 56%). But in the broader Shaughnessy Park neighbourhood, it sits well below average (top 80%), and citywide it’s in the bottom 5% of valuations. The home is priced modestly for its street but is a clear outlier in the neighborhood and city context.

2. Is the small living area a dealbreaker for most buyers?
It depends on the buyer. At 880 square feet, it’s smaller than roughly 70% of homes on the same street and about 85% of homes citywide. For a single person, a couple, or someone using it as a workshop or studio, it’s manageable. For a family or someone expecting typical bungalow space, it will feel tight.

3. What’s the renovation or redevelopment potential here?
The land area is the strong point. At nearly 5,000 square feet, it’s significantly larger than the street average (3,730 sqft) and neighbourhood average (4,021 sqft). Zoning and permits aside, a buyer could potentially expand the existing structure or rebuild. The home’s age (1948) may also mean older systems, so any renovation should account for electrical, plumbing, or foundation work.

4. How does this property compare to others in Shaughnessy Park overall?
It’s a mixed picture. The lot size is a standout (top 16%), and the year built is about average for the area. But living area is below the neighbourhood median, and the assessed value trails significantly—likely reflecting the smaller interior and possibly deferred maintenance. It’s not a typical Shaughnessy Park home in value terms.

5. Who typically buys a home like this?
Buyers who see the land as the primary asset: renovators, builders, or investors looking for a value-add project. It could also work for someone who prioritizes outdoor space over square footage and doesn’t mind an older, smaller house. It’s less suited to buyers wanting a move-in-ready home or a conventional family layout.