Property Overview
This one-and-three-quarter storey home at 39 Pilgrim Avenue in Winnipeg's Glenwood neighbourhood presents a specific and practical opportunity. Built in 1919, it sits on a modest 2,548 sqft lot and offers 894 sqft of living space. The home lacks a basement, pool, and garage. Its assessed value is notably lower than area averages, and it last sold in April 2022.
Key Characteristics & Buyer Appeal
The primary appeal of this property lies in its affordability and location within a mature, established neighbourhood. It is a home that prioritizes function and potential over immediate modern luxury. Its key characteristics—a smaller footprint, no basement, and a vintage build date—point to a specific market.
This home would best suit a first-time buyer or an investor seeking an entry point into the Winnipeg market with a manageable financial commitment. It’s also a potential fit for a downsizer looking for a low-maintenance, single-level living space without the burden of a large property. The lower-than-average assessed value and recent sale history suggest it could be a project home for a hands-on buyer comfortable with updates, or a straightforward rental opportunity. A less obvious perspective is its appeal to someone valuing character and neighbourhood roots over square footage; its 1919 construction places it among the oldest homes in the immediate area, offering a sense of history newer subdivisions cannot replicate.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style, typically featuring a full main floor and a second floor with sloping ceilings where the roof line meets the walls, creating cozy, character-filled bedrooms.
2. The assessed value seems very low compared to city averages. Why?
The assessed value reflects the property's specific attributes: its smaller size, age, and lack of certain features like a basement or garage. It is in line with other modest, older homes in the Glenwood area.
3. What are the implications of not having a basement?
It means no traditional basement utilities, storage, or potential for a below-ground suite. Heating systems and the water heater will be on the main floor, and storage solutions will need to be creative. This can be a positive for those concerned about moisture issues or wanting single-level living.
4. How does the lot size affect the property?
At 2,548 sqft, the lot is smaller than many in Winnipeg. This translates to less yard maintenance, which can be a benefit, but also limits potential for large additions, decks, or extensive landscaping.
5. The home sold recently in 2022. What does that indicate?
The relatively quick resale could indicate a number of things, from an investor flipping the property to a change in an owner's circumstances. It underscores the importance of a thorough home inspection to understand the home's current condition since its last sale.