Property Overview: 113 Pilgrim Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2022, is a modern offering in Winnipeg's Glenwood neighborhood. Its primary appeal lies in its combination of new construction and a highly efficient, above-average living space. With 1,592 sqft of living area, it significantly outperforms most homes on its street and in Glenwood, placing it in the top tier for size locally. This is complemented by a renovated basement, adding functional space.

The property’s standout metric is its assessed value ($55.80k), which ranks in the top 3% of both the street and the broader neighborhood. This suggests a perception of strong value relative to its peers. The home suits buyers seeking a modern, low-maintenance property without the wait or uncertainties of a new build. It’s particularly suited for those who prioritize interior space and contemporary finishes over a large yard, as the lot size is more compact compared to city and neighborhood averages. A thoughtful perspective is that this home represents a "move-in-ready" opportunity in a neighborhood of mostly older homes, offering modern efficiencies while still benefiting from established community character.

Section 2: Frequently Asked Questions

1. How can the assessed value be so much lower than the city-wide average?
Winnipeg’s property assessments are not market valuations but are calculated for municipal tax purposes using a mass appraisal system. A lower assessment compared to the city average can often indicate a relatively lower property tax burden, which is a key financial consideration.

2. What does the "Elite" or "Top X%" ranking mean for me?
These rankings show how this property compares to specific groups of "comparable homes" in its immediate area, the neighborhood, and city-wide. For example, ranking in the top 3% for assessed value on its street means it is considered one of the most valuable properties in that direct peer group, which can be a marker of desirability and stability.

3. The lot size is noted as "below average" for the neighborhood. Is that a concern?
This depends on your lifestyle. The smaller lot (2,550 sqft) means less exterior maintenance, which many buyers appreciate. It may limit extensive landscaping or large outdoor structures but is typical for newer infill properties and often translates to a more efficient use of space.

4. The home was recently sold in 2023. What might that indicate?
A recent sale can indicate a few things: it may have been a quick investment flip, a builder's sale, or a change in the original owner's circumstances. It underscores the importance of a thorough inspection to understand the quality of the renovation and the home's current condition.

5. Why are nearby reference properties so different in assessed value and size?
The listed references (like 106 Pilgrim Ave) highlight the diversity of the Glenwood area, which contains a mix of older, smaller homes and newer, larger ones. This property sits at the higher end of the spectrum, suggesting it's among the more substantially built and updated homes in the vicinity.