Property Overview: 54 Pilgrim Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Glenwood presents a solid, grounded opportunity. Built in 1947, its primary appeal lies in its generous, above-average lot size—nearly 6,000 sqft—which ranks in the top 3% on its street. This offers significant outdoor space and potential not found in many neighbouring properties. The home itself, at 1,338 sqft of living space, is comfortably larger than most in the immediate area and Glenwood neighbourhood, providing more interior room than the local average. It features a renovated basement and a detached garage.
Its value is straightforward: you are acquiring a larger-than-standard house on a notably large lot for the area, in a well-established neighbourhood. The assessed value is consistent with local norms, suggesting the pricing is in line with market expectations without an inflated premium for the lot size.
This property would suit a buyer looking for a practical family home with room to grow, garden, or play outdoors. It’s also a fit for those who see potential in the land itself—whether for future expansion, landscaping projects, or simply valuing private outdoor space over a newer build. It’s a home for someone content with a classic layout and who appreciates that the value here is anchored more in space and location than in modern finishes.
Frequently Asked Questions
1. How does the lot size compare to typical city lots?
While the lot is elite for its immediate street and above average for Glenwood, it is closer to the city-wide average. This highlights Glenwood’s generally smaller, character lots, making this property a standout within the neighbourhood for outdoor space.
2. Is the renovated basement a legal suite?
The provided details note a renovated basement but do not specify if it is a legal, rentable suite. This is a key point for verification with the listing agent, as it impacts both utility and value.
3. The home was built in 1947. What should I anticipate?
While the basement has been renovated, a home of this age will likely have original elements elsewhere. Prospective buyers should budget for updates to major aging components like plumbing, electrical, or the roof, and consider an inspection a priority.
4. How stable is the value in this area?
The assessed value is around the neighbourhood average, and past sales data on the street shows a range of values. This suggests the area has consistent, modest demand without wild fluctuations, typical of a mature suburb.
5. What’s the trade-off for getting such a large lot?
The trade-off is often the age and condition of the home itself. You are primarily paying for the land and location. The interior may require more modernization compared to a newer home on a standard lot, making it a project-oriented or value-conscious purchase.