Property Overview
142 Pilgrim Avenue is a compact, one-storey home in Winnipeg's Glenwood neighborhood. Its primary appeal lies in the combination of a recently renovated basement and a land size that is significantly larger than most lots on its street and in the immediate area. With 5,100 sqft, the property offers valuable outdoor space and potential in a city where lot sizes are typically smaller.
This home suits first-time buyers or downsizers looking for a manageable, single-level footprint with modernized essentials. Its below-average living area (744 sqft) means it's best for those comfortable with cozy interiors, but the renovated basement adds functional space. The detached garage and above-average lot provide practical benefits and a sense of privacy uncommon for the street. Investors may also see value in the land potential or as a rental property, given the solid baseline condition and the neighborhood's average assessed values.
Key Considerations & FAQs
1. How does the home’s size compare to others?
The living space is compact at 744 sqft, placing it in the smaller quarter of homes on Pilgrim Avenue. However, the renovated basement effectively adds usable square footage, making the overall functional space more competitive.
2. What is the significance of the lot size?
The 5,100 sqft lot is a standout feature, ranking in the top 7% on Pilgrim Avenue. This offers more yard space, gardening potential, and future expansion possibilities than most neighboring properties.
3. Is the assessed value a good indicator of the market price?
The assessed value is around average for Glenwood. Recent sold price data suggests the market value is moderately higher, which is typical. The assessed value serves as a baseline for property taxes rather than a precise sale price.
4. What should I know about the age of the home?
Built in 1950, the home is older than the average on its street. This implies potential for older building materials and systems, but the renovated basement indicates some updates have been made.
5. How does this property fit in the wider Winnipeg market?
City-wide, this home sits well below averages for living area and assessed value, positioning it as an affordable entry point into the Winnipeg market. Its value is anchored more in its generous lot and specific location within Glenwood than in its size or assessed value.