507 Pritchard Avenue

William Whyte, Winnipeg

56.7

Fair

Overall 56.7

Larger but older than most nearby homes

1,451 sqft (top 19%)

Built in 1903 (24 yrs older than avg)

Located in a average-income area

with median household income of ~58k

Transit 80.0

2-min walk to transit with 3 nearby routes

Within 500m: 2 dining spots, 4 schools, 1 healthcare facility, and 4 shops nearby

Living Area

Above average

25% larger than neighborhood avg.

Year Built

Below average

24 yrs older than neighborhood avg.

Mother tongue

English · 67%Tagalog · 17%

Past 10 years William Whyte sales snapshot (~80% of all data)

Sold Count

703

Median price

117k

$/sqft

$87/sqft

Avg build year

1927

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Property score

56.7 is composed by the two sections below.

Property Score

56.8Fair
Living Area1,451 sqft75Good
Year Built190310Low
Lot Size3,548 sqft46Low
Neighbourhood Sales Activity59Fair

Community Score

56.6Fair
Household Income62Fair
Education Level44Low
Housing Stress63Fair
Core Housing Need63Fair
Employment Health42Low

Neighbourhood Sales

William Whyte

How to read: Share of sales in each ~$50k price band for “william whyte” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110057

Community deep dive

$58K

Median household income

$62K

Average household income

25%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.2

P90 / P10 ratio

26%

Single-person households

26%

Families with children

Population, labour & age

Population (2021)628
Labour force participation rate56%
Median age31.6
Avg household size3.0
Unemployment rate20%
Population density5233 / km²

Households & income

Low income (LIM-AT, % pop.)25%
Single-person households26%
Couple families with children26%
Median household income (2020)$58K

Housing

Renter households57%
Condominium dwellings4%
Median dwelling value (owners)$190K

Diversity, education & language

Immigrants (share of pop.)31%
Visible minority38%
Bachelor's or higher (25–64)20%
Mother tongue (1st)English · 66%
Mother tongue (2nd)Tagalog · 17%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,451 sqft
0255075100
Same streetTop 11%Same areaTop 19%CitywideTop 33%
Same street · Pritchard Avenue
#78 / 684
Top 11% · Avg 1,048 sqft
Same area · William Whyte
#326 / 1,707
Top 19% · Avg 1,158 sqft
Citywide · Winnipeg
#64,682 / 194,458
Top 33% · Avg 1,342 sqft

Tax-Assessed Value

around average
120k
0255075100
Same streetBottom 18%Same areaBottom 38%CitywideBottom 1%
Same street · Pritchard Avenue
#561 / 684
Bottom 18% · Avg 182.2k
Same area · William Whyte
#1,056 / 1,707
Bottom 38% · Avg 149.1k
Citywide · Winnipeg
#192,129 / 194,458
Bottom 1% · Avg 390.1k

Year Built

below average
1903
0255075100
Same streetBottom 6%Same areaBottom 9%CitywideBottom 1%

Lot Size

above average
3,548 sqft
0255075100
Same streetTop 39%Same areaTop 22%CitywideBottom 20%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

507 Pritchard Avenue — 19 amenities found within 500 m, across 7 categories, including 2 dining (nearest 285 m), 4 education (nearest 103 m), 1 healthcare (nearest 302 m).

Search radius
🍽️Dining2
🏫Education4
🏥Healthcare1
🛒Shopping4
🌳Parks4
Fuel Stations1
Worship3

Crime & Safety

William Whyte · WPS public data · 2026

Annual incidents

160

2026

vs. city avg

+442%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

50%

Sales History

Sold 7/2024CA$50k–100k
Sold price

Same street

Bottom 7%

Same area

Bottom 15%

City-wide

Bottom 1%

Related homes

Highlights & common questions: 507 Pritchard Avenue, Winnipeg

507 Pritchard Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,451 sqft home on a 3,548 sqft lot, built in 1903, located in the William Whyte neighbourhood of Winnipeg. Its assessed value is $120,000.

What stands out most is the size. The living area ranks in the top 11% on its street and top 19% in the neighbourhood—significantly larger than nearby homes. The land is also generous relative to the immediate area, sitting in the top 22% of the neighbourhood, though it's small by citywide standards.

The assessed value tells a different story. At $120,000, it's well below the street average ($182,200), neighbourhood average ($149,100), and a fraction of the citywide average ($390,100). This suggests the home is undervalued compared to its peers, or that the structure itself requires meaningful updates. Given the year built (1903), the latter is likely. This is an older home ranking in the bottom 6% on its street and bottom 1% citywide for age.

Where the appeal lies: For a buyer who values interior space and a larger lot over a move-in-ready, modernized home. The low assessed value opens the door for someone willing to take on renovation work—possibly with room to build equity if the structure is sound. It’s not a turnkey property, but it offers uncommon square footage for the price point.

Who it would suit: Renovators, investors looking for a value-add project, or buyers who prioritize square footage and lot size and are comfortable with an older home that likely needs updating. Less suited to someone wanting a low-maintenance, recently built house, or a buyer needing financing that requires a higher appraised value.


Five Possible FAQs

1. Is this a good candidate for a renovation loan or mortgage?
The low assessed value ($120K) against a larger-than-average living area may make it a strong candidate for a purchase-plus-improvements mortgage, like a CMHC Green Home or a conventional renovation loan. Lenders will weigh the after-repair value, so a proper inspection and contractor estimate are recommended.

2. Why is the assessed value so low compared to neighbourhood homes?
Several factors could be at play: the home is over 120 years old, which often brings outdated systems, foundation concerns, or deferred maintenance. Assessed value reflects the city’s estimate of market value, not replacement cost. The low value relative to the neighbourhood suggests the property has not been significantly upgraded in recent years.

3. How does the lot size compare to newer subdivisions?
The 3,548 sqft lot is typical for older inner-city Winnipeg. It's larger than most properties on its block (top 22% in the neighbourhood) but significantly smaller than average citywide lots (6,570 sqft), which are inflated by newer suburban developments. Expect a compact yard, not sprawling grounds.

4. What are the risks of buying a house built in 1903?
Common issues include outdated electrical (knob-and-tube or insufficient panel capacity), galvanized or lead plumbing, minimal insulation, potential asbestos in old flooring or pipe wrap, and foundation settlement. Lead paint is also a concern. A specialized home inspection with thermography and knob-and-tube detection is strongly advised.

5. Would this property make sense as a rental investment?
Potentially, yes. The purchase price may be low enough to achieve strong cash flow, even with modest rent. However, the age and condition mean higher-than-average maintenance reserves. An investor should run numbers assuming ongoing capital expenditures for major systems and possibly full gut renovations. The large floor plan might suit a multi-generational or shared rental arrangement.

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