264 Pritchard Avenue

Property Overview & Appeal

This 1971 one-storey home on a generous 3,583 sqft lot in William Whyte presents a straightforward, value-oriented opportunity. Its key appeal lies in its relative size and position within the local market. The lot is notably larger than many in the area, ranking in the top 36% on its street, offering potential for outdoor space or future expansion. While the 1,086 sqft living area and unrenovated basement are functional, the home’s assessed value of $180k ranks in the top 9% for Winnipeg, indicating a solid underlying property value compared to many city-wide assessments.

The property suits practical buyers looking for an entry point into homeownership with a focus on lot size over move-in-ready finishes. It would also appeal to investors or renovators who see value in the existing structure and the potential of the sizable lot. A less obvious perspective is that, for the neighbourhood, this home is a relatively modern build (1971), ranking newer than 84% of nearby properties, which may mean fewer immediate concerns with aging infrastructure common in century-old homes nearby.

Frequently Asked Questions

1. What does the "assessed value" mean in this context?
The $180k assessed value is the city's valuation for property tax purposes. It's a useful benchmark, showing this property is valued significantly higher than many in its immediate area and across Winnipeg, but it is not the same as a market sale price.

2. The basement is listed as "not renovated." What should I expect?
Expect a functional but basic space that likely requires modernization. It presents an opportunity to add value through a future renovation, but any plans should include a thorough inspection for moisture, insulation, and foundational integrity common with homes of this era.

3. How does the lot size compare to nearby properties?
The lot is a standout feature. At 3,583 sqft, it is larger than approximately 64% of lots on Pritchard Avenue. This is a tangible asset, offering more private outdoor space than typical for the street and providing flexibility for gardening, additions, or parking.

4. The home was built in 1971. Are there any common concerns for houses of that age?
While newer than many heritage homes in William Whyte, a 55-year-old home may still have original or aging major systems. A pre-purchase inspection should focus on the roof, wiring, plumbing, and heating systems to determine their remaining lifespan and any needed updates.

5. Who are the typical buyers in this area?
The neighbourhood attracts a mix of first-time homebuyers seeking affordability, investors interested in the rental market, and buyers who prioritize lot size and value over a fully updated interior. The community is historically rich and close-knit, appealing to those looking for an established urban neighbourhood.