Property Overview: 117 Pilgrim Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Glenwood offers a practical and updated living space. Its key feature is a renovated basement, adding valuable finished square footage to the 1,042 sqft main floor. The home sits on a standard city lot with a detached garage. Built in 1975, it is newer than many homes in the Glenwood area, which can mean fewer concerns about aging core components compared to much older stock.
The appeal lies in its balance and readiness. The renovation work is a significant plus, moving it beyond a "project" status. Its size and assessed value are consistently around the average for its immediate street and neighbourhood, suggesting it is a typical, fairly priced home for the area without extreme premiums or discounts. This makes it a straightforward proposition in a mature community.
It would suit first-time buyers or downsizers seeking a manageable, single-level layout with modernized finishes. It’s also a sensible fit for a pragmatic buyer who values a neighbourhood where the home’s metrics are unexceptional in a positive way—indicating stability and reducing the risk of overpaying relative to the local market.
Section 2: Frequently Asked Questions
1. How does the lot size compare?
While the lot is average for Pilgrim Avenue, it is below the average size for both the broader Glenwood neighbourhood and Winnipeg overall. This means smaller outdoor maintenance but also potentially less private outdoor space than some other area homes.
2. What does the "above average" assessed value in Glenwood indicate?
The home’s assessed value ranks in the top 25% for the Glenwood area. This typically reflects a combination of its newer build year (1975), the renovated basement, and its overall condition relative to the neighbourhood's older housing stock. It suggests the property is considered a higher-value asset within the community.
3. Is the living space small?
At 1,042 sqft (plus the renovated basement), the living area is very close to the average for both the street and Glenwood. It provides a comfortable size for a small household, and the basement renovation effectively expands the usable space beyond the official main floor square footage.
4. What can the 2016 sale price range tell me?
The historical sale price range (approximately $245k-$275k in 2016) against the current $350k assessment shows the property’s value trajectory. It provides context for long-term appreciation but should be considered alongside recent market conditions and the subsequent basement renovation.
5. Why is the "newer" build year (1975) a potential advantage?
In a city and neighbourhood with many homes built before 1960, a 1975 build can mean updated electrical wiring, plumbing, and insulation standards for its era. This can translate to lower immediate upgrade costs and different maintenance priorities than a century-old home.