Property Overview: 42 Thatcher Drive
Key Characteristics & Appeal
This 1960-built, four-level split home sits on a large, 6,277 sqft lot in Winnipeg's Agassiz neighbourhood. Its key appeal lies in a combination of space, recent updates, and a strong value position within its immediate area. The home features 1,432 sqft of living space and a renovated basement. While it lacks a garage, it compensates with a land size that ranks in the top 4% for its street and top 3% for the neighbourhood, offering ample outdoor potential.
The property’s recent sale history shows significant value growth, having sold for $420k in late 2022 and again for $486k in mid-2024. Notably, its assessed value is considerably lower than its recent sale price, which may be a point of interest for buyers. The home suits first-time buyers or downsizers looking for a manageable footprint with a renovated basement for extra living space. It also appeals to value-conscious buyers who prioritize a large lot over a newer build or attached garage, seeing potential for future outdoor enjoyment or expansion.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finish quality, permits, and whether it includes added bedrooms, a bathroom, or a legal suite.
2. How does the lack of a garage affect parking and storage?
The property has no garage. Buyers should assess the driveway capacity for vehicles and consider the basement and shed options for storage. The large lot does offer potential to add a garage or carport, subject to local bylaws.
3. The assessed value is much lower than the recent sale price. Why?
Municipal assessments for tax purposes often lag behind current market values and use different valuation methods. The recent sale price is a clearer reflection of current market value.
4. The home is older; what should I check regarding maintenance?
Built in 1960, priority checks should include the age and condition of the roof, windows, plumbing, electrical systems, and the foundation. A thorough home inspection is highly recommended.
5. The lot is large for the area. Are there any restrictions on its use?
While the large lot is a major asset, buyers should verify zoning bylaws with the city to understand any restrictions on adding structures like a garage, shed, or deck, or on subdividing the land.