Property Overview: 177 Pilgrim Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Glenwood neighborhood, built in 1949. Its key characteristic is its efficiency: with 745 sqft of living space, it is notably smaller than average for the area, but sits on a decent-sized lot of just over 4,500 sqft. The basement has been renovated, adding functional space. Recent sale prices and its assessed value are significantly below city-wide averages, positioning it as an accessible entry point into the market.
The appeal lies in its affordability and practicality. It suits first-time buyers or investors seeking a straightforward, lower-maintenance property without a large mortgage. The renovated basement offers immediate utility, and the lot size presents a long-term opportunity for expansion or landscaping that a typical smaller lot wouldn't allow. It’s a home for those who prioritize financial flexibility and a manageable footprint over square footage.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 745 sqft, it is smaller than most single-family homes in Winnipeg. It will suit individuals, couples, or small families comfortable with efficient living. The renovated basement effectively adds a second living area.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the home's smaller size and age relative to the broader Winnipeg market. It is much more in line with averages for the immediate street and Glenwood area.
3. What does the lot size mean for me?
The lot of 4,590 sqft is a positive feature. It provides good outdoor space for its class of home and offers potential for future additions, like a garage or an extension, subject to local zoning.
4. How stable is the value in this area?
Recent sales data shows consistent activity on Pilgrim Avenue, with sale prices for this home holding steady relative to nearby properties over the last several years, suggesting a stable micro-market.
5. Who typically buys in this area?
Glenwood attracts a mix of long-term residents and new buyers seeking established neighborhoods. This particular home, given its size and price point, is likely to attract first-time homeowners or practical downsizers.