535 Pritchard Avenue – Property Summary

Key Characteristics and Buyer Profile

This is a 1,056-square-foot home built in 2011 on a 3,548-square-foot lot in the William Whyte neighbourhood of Winnipeg. Its strongest feature is the year built: it’s newer than 96% of homes on Pritchard Avenue and newer than 94% of homes in the immediate area. In a neighbourhood where the average home was built in the 1920s, this property offers a relatively modern structure without needing a full renovation.

The assessed value sits at $198,000. On the street itself, that’s slightly above the average of $182,200 (top 37%). Within William Whyte, it ranks in the top 18%, meaning it’s one of the higher-valued properties in the immediate area. Citywide, however, the assessed value is below average—this is a more affordable entry point compared to the Winnipeg median of around $390,000. The living area is roughly in line with street and neighbourhood averages, and the lot is slightly smaller than the street average but larger than the neighbourhood average.

The appeal here is straightforward: you’re getting a relatively new home in an older, established area, at a price point that’s well below the city median. It would suit first-time buyers who want something move-in ready without the maintenance surprises that come with a century-old house. It could also work for someone looking to enter a neighbourhood where property values are on the lower end citywide, but where this specific home sits above the local average. That mix—new build, modest size, reasonable tax base—might also appeal to an investor targeting rental demand in the area.

Five Possible FAQs

1. How does the assessed value compare to similar homes nearby?
On the street, this property is valued slightly above average. In the wider William Whyte neighbourhood, it ranks in the top 18%, so it’s one of the higher-valued homes in the area. Citywide, it’s well below the median, reflecting both the neighbourhood’s pricing and the home’s relatively modest size.

2. Is this a good option if I want to avoid major repairs?
The home was built in 2011, which is unusual for this area. You’d likely avoid the kind of structural or mechanical issues common in pre-war housing—foundation settling, old wiring, outdated plumbing. That said, the property is now over a decade old, so you’d still want to check the condition of the roof, furnace, and windows.

3. How does the lot size affect the property’s usability?
The lot is 3,548 square feet. That’s slightly smaller than the street average but larger than the neighbourhood average. It’s not a big yard by city standards (Winnipeg’s average is nearly double), but for a home of this size, the lot is functional. You’d have room for a small garden, a patio, or off-street parking, but not much beyond that.

4. Is this home a good investment for the area?
The assessed value is well above the neighbourhood average, which suggests the home itself is already capturing a premium relative to its surroundings. That can be a double-edged sword: you’re buying a top-tier asset in a lower-tier market, so future appreciation may depend more on neighbourhood-wide trends than on the home’s condition alone. If the area improves, this property could see solid gains. If it stagnates, the premium may cap upside.

5. How does the living space feel for daily life?
At just over 1,050 square feet, it’s a compact house. It’s in line with the street and neighbourhood averages, so it’s not unusually small for the area. Expect a layout that works for one or two people, or a small family, but it won’t offer much in the way of dedicated office space or a large kitchen. You’d want to see the floorplan to confirm how that square footage is laid out—older homes in the area sometimes have chopped-up rooms, while a 2011 build is more likely to have an open plan.