682 Pritchard Avenue – Property Summary

Key Characteristics and Buyer Profile

This 1,165-square-foot house, built in 1907, sits on a 3,010-square-foot lot in Winnipeg’s William Whyte neighbourhood. Its standout feature is value relative to the immediate neighbourhood: the assessed value of $172,000 ranks in the top 29% for the area, and the living area is slightly above the street average. The house is older than most nearby homes (built in 1907 versus a neighbourhood average of 1927) and sits on a lot that is smaller than the street average. Citywide, the property falls in the bottom half for living area and near the bottom for lot size and age, but its assessed value remains dramatically below the city average of $390,000.

The appeal here is practical rather than flashy. A buyer gets a relatively affordable home in a neighbourhood where comparable properties carry higher assessments—meaning the price may reflect a discount relative to local trends. The living space is functional for its era, but the smaller lot and older construction mean whoever buys it should be comfortable with potential maintenance or updates. This property suits first-time buyers who want a foothold in an older Winnipeg neighbourhood, or investors who see room for long-term appreciation if the area continues to rise. It’s less suited for someone seeking a modern, low-maintenance home or a large yard.

Frequently Asked Questions

1. How does the assessed value compare to what I would actually pay?

The assessed value ($172,000) is a municipal estimate for tax purposes, not a market price. In this case, the house ranks below the street average for assessed value but above the neighbourhood average. That gap suggests the home may be priced competitively for the area, but the sale price depends on current market conditions, condition of the property, and how motivated the seller is. You should compare recent sales in William Whyte to get a realistic picture.

2. Is a 1907 house likely to need major repairs?

Yes, older homes often have older systems. The year-built ranking shows this house is older than 78% of homes on its street and older than 96% citywide. That means you should budget for possible updates to plumbing, electrical, roofing, or insulation. A thorough home inspection is essential—particularly for foundations, wiring, and windows, which are common weak points in homes from this era.

3. Why is the lot size listed as below average, and does that matter?

The lot is 3,010 square feet, which is smaller than average for Pritchard Avenue (3,730 sqft) and significantly smaller than the citywide average (6,570 sqft). This isn’t unusual for an inner-city older home. It means less outdoor space for gardening or expansion, but also less yard maintenance. For someone who doesn’t need a large backyard, this can be a positive trade-off.

4. The house ranks high for its neighbourhood but low citywide—what does that mean in practical terms?

It means the property is a relative bargain within William Whyte, but when compared to the entire city of Winnipeg, it’s a modest home on a small lot in an older part of town. The neighbourhood ranking suggests local value, while the citywide ranking reminds you that similar money could buy a newer or larger home in a different area—likely further from the core. Your decision comes down to whether you want to be in this specific neighbourhood.

5. Is William Whyte a good area for resale value?

That’s hard to predict. Older inner-city neighbourhoods can see slow appreciation or periods of reinvestment and growth. The fact that this home’s assessed value is above the neighbourhood average suggests some demand, but the area still ranks in the middle for living space and age. Resale value will depend on overall trends in Winnipeg’s housing market and how the neighbourhood evolves. If you’re planning to hold for several years, it could work out well; if you need to sell quickly in a downturn, it might be more challenging.