Property Overview: 139 Pilgrim Avenue, Winnipeg
Key Characteristics & Appeal
This 2020-built bi-level home in Glenwood offers modern living in a well-established neighborhood. Its primary appeal lies in being a nearly new construction, a rarity in an area where most homes are decades older. With 955 sqft of living space and a renovated basement, it provides efficient, contemporary living without the immediate need for updates.
The home’s assessed value is strong for its immediate area, suggesting it is viewed favorably compared to neighboring properties. The lot is modest, particularly by city-wide standards, which translates to lower maintenance but less private outdoor space. This property would ideally suit first-time homebuyers, downsizers, or investors seeking a modern, low-maintenance home in a central Winnipeg neighborhood. It’s a practical choice for those who value newer systems and finishes over larger square footage or expansive yards.
Frequently Asked Questions
1. How does the lot size impact this property?
At 2,550 sqft, the lot is smaller than many in Winnipeg. This means less yard work and lower exterior maintenance costs, but also limited potential for expansions like a large deck, garage, or addition.
2. Why is the assessed value higher than the neighborhood average?
The assessed value ranks well above the Glenwood average, largely due to the home's very recent build year (2020). Newer construction typically commands a premium for its modern building standards, efficiency, and reduced need for near-term repairs.
3. What does the sold price history indicate?
The home sold in mid-2021 for an estimated $30.5k–$33.5k. Comparing this to its current $41.10k assessment can provide insight into market trends and valuation changes, but an exact price is needed for precise analysis.
4. Who might this home not suit?
Buyers seeking a large yard, extensive space for gardening, or room for future major expansions may find the lot limiting. It may also not fit those looking for the classic character of an older Winnipeg home.
5. What are the implications of a renovated basement in a bi-level?
A renovated basement in this style of home effectively doubles the usable living area. It’s a significant advantage, offering flexibility for a family room, home office, or additional bedrooms, making the home feel larger than its main-floor square footage suggests.