Property Overview: 175 Pilgrim Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home in Glenwood presents a practical opportunity in Winnipeg's housing market. Its primary appeal lies in a combination of a generous, above-average lot and a recently renovated basement, offering immediate livability and future potential. With 804 sqft of living space, the house itself is compact and typical for the immediate area, but it sits on a 5,100 sqft lot that is significantly larger than most of its neighbors. This sizable yard is a standout feature for the street and neighborhood, providing ample outdoor space for gardening, play, or expansion.
The home suits first-time buyers or downsizers looking for a manageable, single-level layout without a major renovation project, thanks to the updated basement. It also appeals to value-conscious buyers or long-term holders who recognize the inherent value in land size. The property’s assessed value is modest and in line with area averages, suggesting a relatively accessible entry point into the market. A thoughtful perspective is that while the living space is modest city-wide, the large lot in a mature neighborhood like Glenwood offers a "blank canvas" value that smaller, newer lots often lack, representing a different kind of equity.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The 5,100 sqft lot is a key asset. It ranks in the top 7% on Pilgrim Avenue and the top 28% in the Glenwood area, meaning it is substantially larger than many surrounding properties.
2. What is the condition of the home?
The listing confirms the basement has been renovated. As the home was built in 1953, prospective buyers should factor in a professional inspection to evaluate the condition of major systems and the main floor.
3. Is the price competitive for the area?
Based on assessed value and past sold price data, the property appears to be priced around the average for both the street and the broader Glenwood neighborhood, offering a market-rate proposition.
4. What is the potential for future expansion?
The large lot size could provide room for additions like a garage, workshop, or home extension, subject to local zoning bylaws and permitting. This is a significant part of the property's long-term value.
5. How can I get the exact historical sale prices?
The exact sold prices are not published publicly. The listing service offers to provide this precise data directly via email upon request, at no cost and with no marketing spam.