Property Overview
90 Pilgrim Avenue is a modern, two-storey home in Winnipeg's Glenwood neighborhood. Built in 2022, it stands out in an area of predominantly older homes. The key appeal lies in its move-in-ready condition, featuring a renovated basement and above-average living space for its local context. Its assessed value is consistently higher than most comparable properties on its street, in Glenwood, and citywide, suggesting a premium for its new construction and size.
This home suits buyers looking for a modern build without the wait, particularly first-time homeowners or downsizers who want minimal maintenance and updated finishes. It's a practical choice for those who prioritize interior space over a large yard, as the land area is notably compact compared to area norms.
Key Characteristics & Buyer Appeal
The home’s primary advantage is its age and condition. As a 2022 build, it ranks in the top 3% of homes in Glenwood and the top 1% citywide for newness, virtually eliminating concerns about major near-term repairs or outdated systems. With 1,382 sqft of living space, it offers more room than most homes on its street and in the immediate area, catering to a need for comfortable, modern living areas.
Its appeal is balanced by a trade-off: the lot size of 2,548 sqft is significantly smaller than the neighborhood and city averages. This makes it ideal for buyers who prefer less yard maintenance or who value a newer, more efficient home over outdoor space. The above-average assessed value reflects this modern premium in a classic neighborhood. It would suit a buyer who wants the established community feel of Glenwood but desires the conveniences and confidence of a contemporary build.
Frequently Asked Questions
1. Is this a good value for the area?
The assessed value is in the top 20% on its street and top 9% in Glenwood, indicating it is valued higher than most comparable properties. This premium is largely attributed to its new construction (2022) and larger-than-average living area for the immediate vicinity.
2. What are the main compromises?
The most notable compromise is the land area, which is smaller than approximately 90% of lots on the same street and in the wider area. Buyers seeking extensive garden space or outdoor privacy may find this limiting.
3. How does the sold price history inform its current value?
The home last sold in September 2022 for an estimated range of $46.5k to $49.5k. Its current assessed value of $50.3k shows appreciation, consistent with its status as a newer, well-sized home in the area.
4. What type of neighborhood is Glenwood?
Glenwood is an established neighborhood with a mix of older homes, as evidenced by the average home age of 1966 on the street. This property is a modern exception, offering newer amenities within a mature community setting.
5. Who would this property not suit?
It may not be ideal for buyers seeking a large yard, those looking for a vintage character home, or investors targeting the lowest price point in the area. Its value proposition is geared toward modern convenience and interior space.