Property Overview: 20 Pilgrim Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Glenwood neighborhood, built in 1947. With 700 sqft of living space, it is notably smaller than average for the city, but it features a renovated basement, adding functional space. The lot is a manageable 4,076 sqft, typical for the immediate area. Recent sales data indicates a very accessible price point, supported by a municipal assessed value that is modest relative to wider city averages.
The primary appeal lies in its affordability and practicality. It represents a straightforward entry point into homeownership, with the renovation work on the basement already addressed. Its smaller scale means lower utility costs and less maintenance, which can be a significant long-term benefit. This property would suit first-time buyers, downsizers looking to simplify, or investors seeking a modest rental property. It’s a home for those who prioritize financial efficiency and a manageable footprint over spaciousness.
Frequently Asked Questions
1. How does the size of this home compare to others?
At 700 sqft, the living area is below the average for Glenwood and significantly below the Winnipeg city-wide average. This makes it one of the more compact homes on the market, which is reflected in its pricing.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Prospective buyers should inquire about the finish quality, the presence of proper permits, and whether it includes a separate entrance or additional bedrooms.
3. Is the assessed value a reliable indicator of the sale price?
The assessed value is for municipal tax purposes and is often lower than market value. The recent sold price range (Sept 2024) is close to this assessment, suggesting the market currently aligns with this valuation.
4. There's no garage. What are the parking options?
The property has no garage. Buyers should verify the availability of on-site driveway parking or the regulations for street parking on Pilgrim Avenue, especially during Winnipeg winter months.
5. The home was built in 1947. What should I be aware of?
While the basement has been renovated, a home of this age may have original components elsewhere, such as plumbing, electrical, or windows. A thorough home inspection is essential to understand the condition and potential future costs.