261 Pritchard Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a relatively newer home in an older Winnipeg neighbourhood, built in 2007. It offers 1,056 square feet of living space on a 3,481-square-foot lot. The assessed value sits at $207,000.

What stands out here is the combination of a modern build with below-city-average pricing. The home was built decades after most of its neighbours—ranked in the top 13% citywide for newer construction—yet its assessed value is well under the citywide average of $390,100. That gap is unusual and suggests you're paying for a newer structure without the premium you'd typically see in more expensive parts of town. The living area is close to the street and neighbourhood averages, so nothing exceptional there, but the land is on the smaller side compared to citywide norms.

This property would suit a buyer who wants a newer, move-in-ready home at a relatively accessible price point, particularly someone willing to look beyond trendy, high-demand areas. It might also appeal to an investor interested in a neighbourhood with older housing stock, where a newer build could stand out to future tenants or buyers. If you're someone who prioritizes insulation, modern wiring, and fewer immediate maintenance concerns over historic charm or a large yard, this is worth a look.

Frequently Asked Questions

1. How does this home compare to others on the same street?
   It's newer than most (top 7% on Pritchard Avenue), and its assessed value is slightly above the street average of $182,200. Living area and lot size are both around average for the street.

2. Is this considered a good value relative to the neighbourhood?
   Yes, in terms of assessed value. It's ranked in the top 15% for the William Whyte neighbourhood, meaning it's worth more than most nearby homes. But citywide, it's in the bottom tier for value, which reflects the area's lower price base.

3. How old is the house, and what does that mean practically?
   Built in 2007, so about 17 years old. That puts it well past the first few years of settling and any initial defects, but still recent enough that major systems (roof, furnace, foundation) are likely in decent shape compared to a century-old home. You'd still want an inspection, but the odds of hidden surprises are lower.

4. Is the lot size a concern?
   It depends on your expectations. At 3,481 square feet, it's average for the street and slightly above the neighbourhood average. But citywide, lots are much larger on average (6,570 sqft). If you want a big yard or room for a garage expansion, this might feel tight. If you prefer a manageable outdoor space without much upkeep, it's fine.

5. How does the ranking system work in the data provided?
   Rankings compare this property against similar homes within the same street, neighbourhood, and city. A lower rank number (e.g., top 7%) means it performs better in that category. The “Avg” figure is a rough median for comparable homes at each level. Bars show what share of peers this property outperforms.