Property Overview: 92 Pilgrim Avenue, Winnipeg

Key Characteristics, Appeal & Ideal Buyer

This two-storey home in Glenwood is defined by its modern age and efficient use of space. Built in 2022, it is a notably newer construction compared to most homes on its street and across Winnipeg, offering move-in readiness and contemporary building standards. With 1,382 sqft of living space, it provides above-average roominess for the immediate area. A key feature is its renovated basement, adding functional living area.

The primary appeal lies in its modern foundation within an established neighborhood. Buyers gain the benefits of a new home—such as updated systems, insulation, and likely lower maintenance—without being in a new subdivision. The property’s assessed value ranks consistently above average, suggesting strong perceived value for its condition and location.

However, the land area is smaller than most comparable properties, which may mean a more compact yard but also less exterior upkeep.

This home would best suit practical, forward-looking buyers. It’s ideal for first-time homeowners or downsizers who prioritize a modern, low-maintenance interior over a large lot. It also appeals to those who want the character of an older neighborhood but not the potential renovation projects of an older house.

Frequently Asked Questions

1. Is this a brand-new build?
No. It was built in 2022, so it is nearly new but not a current build. It has likely been lived in for a short period, offering that balance of modern construction without the initial settling phases of a brand-new house.

2. The assessed value seems low compared to typical sale prices. Why?
The assessed value (listed as $50.30k) is for municipal tax purposes and is not a market valuation. Market value is determined by recent sales of similar homes, like the referenced 2022 sale of this property in the $46.5k-$49.5k range. Always consult a real estate agent for current market value.

3. What does "above average" living area for the street but "around average" citywide mean?
It means this home is spacier than most in Glenwood and on Pilgrim Avenue, where homes tend to be older and smaller. Compared to the entire city, which includes many newer, larger suburban homes, its size is more typical. You're getting more space than the local norm.

4. How significant is the smaller land area?
The lot is under 2,550 sqft, which is compact. This means a smaller backyard, potentially less privacy, and limited room for expansions like a large deck or garage. For buyers who prefer low yard maintenance or prioritize indoor space, this can be a benefit rather than a drawback.

5. What is included in the "renovated basement"?
The details provided only confirm the basement is renovated. To understand the full scope—whether it’s a finished living space, a modernized utility area, or includes legal secondary suites—a viewing and inquiry with the listing agent is necessary to get specific details on the renovation quality and permits.