Property Overview
21 Pilgrim Avenue is a compact, one-storey home in Winnipeg's Glenwood neighborhood. Built in 1927, it stands out primarily for its exceptionally low price point, as reflected in its assessed value of $18,800. With a living space of just 504 sq ft and a detached garage, it represents a unique and minimal footprint in the city's housing market.
Key Characteristics & Appeal
The defining characteristic of this property is its position as one of the most affordable entry points into homeownership in Winnipeg. Its living area is notably smaller than almost all comparable homes in its immediate area, the broader Glenwood neighborhood, and city-wide. This isn't a home for those seeking space; instead, its appeal lies in its simplicity and potential.
It would best suit a very specific type of buyer: an investor looking for a straightforward rental property, a hands-on individual seeking an affordable project home to renovate according to their own vision, or someone with truly minimalist living needs who prioritizes low carrying costs above all else. The nearly 4,000 sq ft lot is average for the street and offers a valuable asset—the land itself—which provides future potential or outdoor space that the small house does not.
A less obvious perspective is that a home of this size and age, with such a low assessment, offers a rare opportunity to own property with very predictable and modest property tax obligations. It also presents a blank canvas with fewer inherent financial risks for a creative conversion or expansion, subject to permits and approvals.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's specific attributes, primarily its very small size (504 sq ft) and age. It ranks in the bottom 3-7% of homes locally for value, reflecting its status as a fundamental, no-frills property.
2. What are the main drawbacks of a house this size?
The living area is significantly below average, which means very limited room for belongings, entertaining, or a growing household. It also lacks a basement, which reduces storage and potential living space. The floor plan and systems will reflect its 1927 construction.
3. Is this only suitable as a tear-down?
Not necessarily. While the land value is a key component, the existing structure is livable and could be a candidate for renovation or a careful expansion. Its fate depends entirely on the new owner's goals, budget, and the feasibility of local building codes.
4. How reliable are the sold price ranges shown?
The ranges are based on public data. For precise historical sale figures, you must request the exact sold price history via email. The service is manual, with no attached marketing spam.
5. What is the potential here for an investor?
The low entry cost creates the possibility of a positive cash-flow rental scenario, especially for a single tenant. However, investors must carefully factor in maintenance costs for an older home and market rents for a very compact unit to ensure the numbers work.