561 Pritchard Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 2,086-square-foot home built in 1907, situated on a 3,548-square-foot lot in Winnipeg’s William Whyte neighbourhood. What stands out most is the living space: it ranks in the top 1% on its street and top 3% in the area, which means this house is significantly larger than most nearby properties. The assessed value of $145,000 tells a different story—it’s around average for the street and neighbourhood, but well below the citywide average of $390,000. That gap between size and value is the central feature here.

The land is above average for the neighbourhood (top 22%) but below average citywide, which is typical for older, denser urban areas. The house itself is older than most on the street and in the city, ranking in the bottom quartile for year built.

The appeal is straightforward: you get a lot of interior square footage at a relatively low assessed value. The property is priced for what the neighbourhood supports, not for the house’s size. That can work well for buyers who are comfortable with an older home and want space without paying a premium for it.

Who it suits: Buyers looking for a larger home in an established, modestly priced urban neighbourhood. Renovators or DIY owners who don’t mind updating an older property. Also suited to someone who values interior square footage over lot size or curb appeal. Less suited to buyers who want a newer home, a large yard, or who need to be in a citywide top-tier school or amenity area—this house’s strengths are local, not regional.

Five Possible FAQs

1. How does the assessed value compare to similar-sized homes in other neighbourhoods?
The $145,000 assessment is well below the citywide average for comparable homes ($390,000), but it reflects the William Whyte area, not necessarily the condition of the house. This can mean lower property taxes, but it also suggests resale value is tied to the neighbourhood, not the square footage.

2. The house was built in 1907. Should I expect major systems to be original?
It’s very likely that key systems (electrical, plumbing, heating) have been updated at some point—most homes of this age have been—but the rankings show it’s older than 96% of Winnipeg homes. A thorough inspection covering foundation, wiring, and insulation is important, especially given the warm-weather construction standards of that era.

3. Why is the living space so large for this area?
Older urban neighbourhoods like William Whyte often have a mix of smaller wartime bungalows and larger family homes. This one falls on the large end of that mix. It’s not uncommon for pre-1920s homes in established Winnipeg areas to have generous floor plans, but it does make this property an outlier on its street.

4. The lot is above average for the neighbourhood but below average citywide. What does that mean practically?
It means the yard is bigger than most lots immediately around it, but small compared to newer suburban lots. You get more outdoor space than a typical urban infill property, but don’t expect acreage. For gardening, outdoor storage, or a small addition, it’s workable.

5. How should I interpret a “top 70%” ranking for assessed value on the street?
That’s essentially average—out of 684 homes on Pritchard Avenue, this one ranks 476th in value. It’s not notably high or low for the street. The contrast is that the house is much larger than most on the same street, so you’re getting more space for a typical street-level assessment.