Property Overview
111 Pilgrim Avenue is a modern, two-storey home in Winnipeg's Glenwood neighborhood. Built in 2022, it stands out for its above-average living space and recent construction in an area of predominantly older homes. The property features a renovated basement but does not include a garage or pool.
Key Characteristics & Appeal
The primary appeal of this home lies in its combination of new construction and efficient space. With 1,592 sqft of living area, it offers significantly more room than most homes on its street and in Glenwood, ranking in the top 5-7% locally. Its 2022 build date means it is essentially a modern, move-in-ready property, likely requiring minimal immediate maintenance or updates—a rare find in the area.
Its assessed value of $55.50k is notably higher than local averages, reflecting its newer status and larger footprint. However, the land area is more compact (2,550 sqft), which is common for newer infill properties. This results in a lower-maintenance yard, a practical trade-off for those prioritizing interior space and modern amenities over extensive outdoor space.
This property would suit buyers looking for a modern home in an established neighborhood without the typical renovation projects of older houses. It’s ideal for professionals, small families, or downsizers who value a contemporary, low-maintenance layout with a renovated basement for extra living space. The lack of a garage may appeal to those comfortable with street parking or who see potential to add a structure later.
Frequently Asked Questions
1. Why is the assessed value so much higher than neighboring homes?
The assessed value reflects the home's very recent construction (2022) and its larger-than-average living area. It is valued as a modern asset with updated systems and finishes, unlike many of the older, smaller homes in the immediate vicinity.
2. What are the implications of having a smaller lot?
The 2,550 sqft lot is below the neighborhood average, meaning less yard for gardening or play. However, this typically translates to lower exterior maintenance and lower property taxes related to land value, which can be a practical advantage.
3. The home sold in early 2023. What might explain a potential resale?
While specifics aren't provided, a resale after roughly two years could relate to common life changes for the original owners, such as job relocation or adjusting housing needs. It does not inherently indicate a problem with the property.
4. How does the lack of a garage affect daily living and value?
It means relying on street parking, which is an important consideration for multiple drivers or during Winnipeg winters. For some buyers, this is a worthwhile compromise for a newer home; for others, it may be a drawback. The value is primarily in the dwelling itself.
5. Given its ranking, is this home a good investment for the area?
Its "elite" rankings for living area and year built in Glenwood suggest it is a standout property that should hold its value well relative to older stock. Its appeal is specific: it caters to buyers seeking modern convenience in an older neighborhood, which can be a stable niche.