Property Summary: 187 Pilgrim Avenue, Glenwood, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1939, offering 824 square feet of living space on a roughly 3,933 sqft lot. Its key characteristics are grounded in practicality and potential. The assessed value is notably below average for the street, neighborhood, and city, which is the core of its financial appeal. This presents an entry point into the Glenwood area at a lower threshold than many other properties.
The home’s appeal lies in its role as a straightforward canvas. It features a basement (not renovated) and no garage, positioning it as a true starter home or a strategic investment property. It would suit first-time buyers comfortable with a home that may require updates over time, or investors looking for a rental property in an established neighborhood without a premium price tag. A thoughtful perspective is that its smaller size and lot are actually average for its immediate street and area, meaning it fits right into the local fabric of Glenwood—it’s not an outlier, but a typical home for the block. This can offer a sense of neighborhood consistency that isn't always apparent from city-wide data.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's specific attributes—including its smaller size, age, and unrenovated condition—relative to the broader market. It is also below average for Pilgrim Avenue and Glenwood, indicating it is priced for its condition within the local context.
2. What does "basement, not renovated" typically imply?
It means the basement exists and is functional space, but it has not been modernized or finished to contemporary standards. Buyers should budget for potential updates and consider it usable but in original or utilitarian condition.
3. How does the sold price history help determine value?
The home sold in 2016 and again in 2019, both times within a similar price range. This history shows a stable, lower-value price point over several years, which is useful for understanding its market position and potential equity trajectory.
4. With no garage, what are the parking options?
Parking would be via driveway or on-street. It’s important to verify the specific driveway capacity and review any city street parking regulations for the area.
5. The home is below average in size city-wide, but how does it feel locally?
While smaller than the Winnipeg average, its living area is actually around average for both Pilgrim Avenue and the wider Glenwood neighborhood. This suggests the home’s scale is consistent with many others in the immediate community.