Property Overview: 70 Pilgrim Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Glenwood is a compact, character property built in 1929. With 752 sqft of living space, it is notably smaller than average for the city, but finds a more moderate standing within its immediate neighbourhood and street. Its key feature is a renovated basement, adding functional space, and it includes a detached garage. The lot is a manageable 3,669 sqft.
The appeal lies in its efficiency and location. It represents an accessible entry point into the Winnipeg market, particularly suited for a first-time buyer, downsizer, or investor looking for a straightforward, lower-maintenance property. The renovated basement suggests updated utility, while the home’s age offers classic charm. It’s a practical choice for someone prioritizing location and value over sheer size, in a neighbourhood where the home’s assessed value is closer to the local norm.
Section 2: Frequently Asked Questions
1. How does the home's smaller size impact its value?
While below the city average in square footage, its size is more aligned with older homes in the Glenwood area. This can mean lower utility costs and less upkeep, which appeals to specific buyers, though it may limit appeal for growing families.
2. What does "renovated basement" typically include here?
Given the home's age and assessed value, this likely indicates essential updates to systems, moisture control, and livable space rather than a high-end finish. It’s a significant functional improvement over an original basement.
3. Who would this property suit best?
It's ideal for a minimalist, a first-time homeowner comfortable with a cozy layout, or an investor. Its scale and detached garage could also appeal to someone needing a workshop or extra storage.
4. How does the assessed value compare to recent sale prices?
The assessed value is approximately $27,700. Nearby sales in 2024 ranged from roughly $29,500 to $32,500, indicating the market may value it slightly higher, which is common for updated properties.
5. What are the less obvious considerations with a home from 1929?
While the basement is renovated, the main structure is 97 years old. Prospective buyers should focus inspection efforts on the foundation, original plumbing and electrical systems, and roof. The character comes with a responsibility for ongoing maintenance typical of a century-old home.