Property Summary: 47 Pilgrim Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home in Glenwood presents a compelling mix of modern comfort and strong investment metrics. Its primary appeal lies in being a significantly updated property within a well-established neighbourhood. Built in 2020, it offers the benefits of a newer build—like modern systems and minimal immediate maintenance—in a mature area. With 1,648 sqft of living space, it is notably larger than most homes on its street and in Glenwood, ranking in the top 5% locally. The home also features a renovated basement and a detached garage.
The property’s assessed value is a standout feature, ranking in the top 3% on Pilgrim Avenue and the top 2% in Glenwood, indicating official recognition of its premium condition and size relative to its immediate peers. This suggests a solid foundation of value. However, the lot size is more compact than average for the area, which may appeal to buyers seeking lower exterior maintenance without sacrificing interior space.
This home would suit buyers looking for a move-in-ready, modern property without the wait and uncertainty of a new subdivision. It’s ideal for small families or professionals who value spacious, contemporary interiors over a large yard. The strong comparative assessments also make it a point of interest for value-conscious buyers who see merit in a home that already outperforms its neighbourhood benchmarks.
Frequently Asked Questions
1. How does the sold price history work?
The listed sold price is a range based on available public data. To receive the exact, verified sold price from December 2022, you can submit a request via email. This is provided manually without marketing spam.
2. The assessed value seems low compared to typical city prices. Why?
The assessed value is used for municipal tax purposes and is most meaningful when compared directly to similar properties in the same area. This home’s value is elite (top 2-3%) within Glenwood and on its street, which is the relevant benchmark for understanding its standing locally.
3. What are the trade-offs for having a newer home in an older neighbourhood?
You gain modern construction and systems, but the lot size will typically be smaller than those of neighbouring houses built decades ago. This home’s land area is below average for the area, reflecting this common pattern.
4. The home ranks "above average" or "elite" in most metrics except land. Is that common?
It’s a distinct profile. It indicates a property that has been substantially improved or rebuilt (as a 2020 build suggests) on an existing, likely subdivided, lot. The value is concentrated in the structure itself rather than the land.
5. Who might this property not suit?
Buyers who prioritize extensive outdoor space, gardens, or the potential to subdivide a large lot may find the compact yard limiting. It may also not align with buyers seeking a character home with the architectural details common to older builds in established areas.