Property Overview: 162 Pilgrim Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home in Glenwood presents a practical opportunity with a few distinct advantages. Its key characteristic is a generous 5,100 sqft lot, which is notably larger than most in the immediate area and on Pilgrim Avenue itself. This offers valuable outdoor space and potential in a neighborhood where lots are typically more compact. The home itself, built in 1949, is of average size for the area at 900 sqft and features a renovated basement and a detached garage.

The appeal lies in its grounded, no-frills value. It’s a property that sits comfortably in the middle of its local market in terms of living space and assessed value, but stands out with its above-average land area. This combination suits buyers looking for a solid entry point into homeownership, or perhaps a long-term holder seeking a manageable property with a valuable piece of land. It would particularly suit a practical buyer who values private outdoor space for gardening, pets, or future expansion more than a large or modern interior. The recent basement renovation adds a move-in-ready element, reducing immediate project needs. A less obvious perspective is that a home ranking "around average" in its core metrics on its own street can represent stability and predictability, free from the premium of the most updated homes or the heavy lifting of the least maintained.

Section 2: Frequently Asked Questions

1. How does the property's value compare to the area?
The home's assessed value is very typical for both Pilgrim Avenue and the wider Glenwood neighborhood, sitting close to the average. Citywide, it falls below the average assessed value, which is often the case for established, moderately sized homes in older neighborhoods compared to newer suburban developments.

2. What does the "above average" land area ranking mean?
The 5,100 sqft lot is larger than approximately 93% of comparable lots on Pilgrim Avenue and 72% of those in Glenwood. This is the property's most standout statistical feature, offering more yard space than most direct neighbors.

3. Is the home older than others nearby?
Built in 1949, it is older than the average home on its street and in Glenwood. This is typical for the character of many Winnipeg neighborhoods and suggests potential for classic architectural details, though it also means systems and components should be evaluated for age and condition.

4. What can the recent sale history indicate?
The property sold in late 2024 and previously in late 2022. The sale price ranges show it transacting close to the local average each time, indicating a stable and consistent market perception without extreme volatility.

5. Who would this home be a good fit for?
It's well-suited for first-time buyers, downsizers, or investors seeking a straightforward property in an established area. The appeal is strongest for those who prioritize lot size over a large interior footprint and appreciate a home that requires no major immediate renovations, thanks to the updated basement.