700 Pritchard Avenue – Property Summary

Key Characteristics & Buyer Fit

This is a modest, older single-family home in Winnipeg’s William Whyte neighbourhood, built in 1905. With 1,122 square feet of living space on a 3,009-square-foot lot, it’s slightly above average in size for its street and neighbourhood, but below citywide averages. The assessed value is $130,000—low by any standard—which reflects both the home’s age and the area’s current market conditions.

Its main appeal is straightforward affordability. For buyers who want to own property in the city without stretching into higher price brackets, this is a rare option. The home’s age means it likely needs updates or maintenance, but the living area is competitive for the street, offering more room than many neighbours. The land is smaller than typical for Winnipeg, so there’s less outdoor space to manage—practical for those who prefer a lower-maintenance yard.

This property suits first-time buyers with limited budgets, investors looking for an entry-level rental or fix-and-hold, or anyone comfortable with an older home who isn’t expecting move-in perfection. It’s less suited for families who need a large lot, or buyers seeking modern finishes without renovation work. The low citywide ranking for year built (Top 98% oldest) is a clear signal: this is a house for someone who sees potential in character, not brand-new construction.

Five Possible FAQs

1. How does the assessed value of $130,000 compare to what I would actually pay?
Assessed value is a municipal estimate for property tax purposes, not a market price. It’s lower than the street average ($182,200) and far below the city average ($390,100). That gap can mean lower property taxes, but the sale price will ultimately be set by buyer demand and condition. Homes this old often sell for close to assessment in less competitive areas, but a bidding situation could push it higher.

2. Is the 1905 construction a problem, or a plus?
It depends on your expectations. Older homes often have solid framing, full basements, and neighbourhood character you won’t find in newer builds. But they also come with older plumbing, electrical, and insulation—sometimes knob-and-tube wiring or lead pipes. A thorough inspection is essential. The “below average” year-built ranking (Top 87% on the street) means you’ll need to budget for potential upgrades, but the history can be an asset if maintained.

3. Why is the land area so small compared to the city average?
The lot is 3,009 sqft, which is typical for an older inner-city neighbourhood like William Whyte. Citywide averages are inflated by newer suburban lots that are often double or triple this size. For urban buyers, smaller yards mean less mowing and upkeep. If you’re looking for a garden or expansion space, this may feel tight; for a starter home or rental, it’s manageable.

4. How does this property compare to others currently for sale in William Whyte?
The neighbourhood average assessed value is $149,100, and living area averages 1,158 sqft. This home is slightly below in value but near-average in size. That puts it in a competitive mid-range for the area. To get a real picture, you’d need to compare active listings side-by-side—the “Open neighbourhood map analysis” link on the page lets you do exactly that, including year built, lot size, and assessed value for nearby homes.

5. What does “Top 31%” for living area actually mean on a street of 684 homes?
It means that, out of 684 comparable homes on Pritchard Avenue, this property ranks 214th in terms of living area. It’s larger than about 69% of homes on the same street, but smaller than the top 31%. In practical terms, the house offers more interior space than most neighbours, but it’s not unusually large. The average on the street is 1,048 sqft, so you’re getting roughly 74 extra square feet—enough to feel roomier without being outsized.