Property Overview: 138 Pilgrim Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home in Glenwood, built in 1950. Its primary appeal lies in a combination of a very generous, above-average lot and a recently renovated basement, offering potential beyond its modest 781 sq ft living area. While the house itself is smaller than many in the area, its assessed value is average for the street and neighbourhood, suggesting it is priced for its condition and location rather than its size.
The property would suit first-time buyers or downsizers looking for a manageable footprint without sacrificing outdoor space. The large 5,100 sq ft lot is a standout feature, offering room for gardens, expansion, or simply more privacy than typical area properties. It’s also a practical fit for buyers comfortable with a detached garage. A less obvious perspective is that this home represents an entry point into a stable neighbourhood where the land itself may hold as much value as the structure, appealing to those with a long-term view who might see future potential.
Frequently Asked Questions
1. How does the home's smaller living area impact its value?
While the living space is below average for the city, the home's assessed value is on par with its immediate neighbourhood. This indicates that the renovated basement and, more significantly, the large lot size are key factors in its valuation.
2. What does the "above-average" lot ranking actually mean?
The lot is 5,100 sq ft, which ranks in the top 7% on its own street and the top 28% in Glenwood. This means you are getting significantly more land than most nearby properties, which is a notable asset.
3. Is the renovated basement included in the living area square footage?
Typically, below-grade areas like basements are not counted in the official living area (781 sq ft). The listing notes it is renovated, meaning it offers finished, usable space that adds functional value beyond the main floor.
4. The home was built in 1950. What should I consider?
The age is average for the street. While the basement has been updated, a buyer should still factor in potential updates or maintenance common to homes of this era, such as original windows, plumbing, or electrical systems.
5. How can I find out the exact historical sold prices?
The listed sale ranges are based on public data. The exact sold prices are provided by the site directly via email upon request, as noted in the property details.