136 Pilgrim Avenue

Property Overview: 136 Pilgrim Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1946, situated on a notably generous 5,100 sqft lot in the Glenwood neighbourhood. With 688 sqft of living space, the house itself is smaller than most in the city, but it features a renovated basement, adding functional space. Its assessed value is around average for its immediate area.

The primary appeal lies in its land value and potential. The lot size is well above average for both Pilgrim Avenue and the broader Glenwood area, offering rare space for gardening, expansion, or future redevelopment in an established community. The renovated basement adds immediate utility to the smaller main floor. This property suits a pragmatic buyer—perhaps a first-time homeowner, an investor, or someone looking to downsize—who values land size over a large existing footprint and sees potential in a solid, updated foundation. It’s a property where the value is arguably more in the dirt it sits on than the structure, appealing to those with a vision for the long term.

Section 2: Frequently Asked Questions

1. Is the house too small for practical living?
At 688 sqft, the main living area is compact. However, the renovated basement effectively doubles the usable space, making it more functional than the square footage alone suggests. It’s ideal for individuals, couples, or those comfortable with efficient living.

2. Why is the assessed value relatively average despite the large lot?
Municipal assessments typically reflect a combination of the land value and the current structure's value. While the land is a significant asset, the older, smaller house likely moderates the total assessed value compared to newer or larger homes on similar lots.

3. What does the sold price history indicate?
The available data shows significant appreciation between the 2016 and 2022 sales. This trend suggests the property and area have seen growing market value, with the large lot being a key factor in that increase.

4. Are there any major costs or projects to anticipate?
Given the home's age (80 years), buyers should budget for ongoing maintenance typical of older houses, such as potential updates to roofing, plumbing, or wiring. The large lot may also require more upkeep.

5. How does the lack of a garage affect usability?
The property has no garage, which is a consideration for vehicle storage or workshop space. However, the large lot provides ample room to add a parking pad or future outbuilding, subject to local bylaws and permits.