Property Summary: 85 Thatcher Drive
Key Characteristics & Appeal
This 1962-built, four-level split home sits on a large, 6,780 sqft lot in Winnipeg's Agassiz neighbourhood. With 1,720 sqft of living space, it offers a practical layout for growing families or those needing distinct living zones. A key feature is the renovated basement, adding valuable finished space. The home lacks a garage and pool, positioning it as a straightforward, land-value-centric property.
Its primary appeal lies in its established neighbourhood setting and above-average lot size, which ranks in the top 36% on its street. While the structure itself is older, the renovated basement suggests some updates. The assessed value is modest, and its last sale in early 2021 was at $450k, which may present an interesting value proposition compared to newer builds.
This property would suit practical buyers looking for space without premium frills. It’s ideal for a family that values a large yard over a modern footprint, or for a value-conscious buyer willing to take on a home with good "bones" and lot potential, understanding that a 1960s build may require ongoing updates. It’s less suited for those seeking a turn-key modern home or requiring a garage.
Frequently Asked Questions
1. What does the "renovated basement" likely include?
While specifics aren't listed, a renovation in a home of this age typically means it was finished into a livable space, possibly including family rooms, bedrooms, or a basic bathroom. It’s wise to inquire about the permit history and the quality/age of the renovation work.
2. How does the lack of a garage impact daily life and resale?
It means relying on street parking or considering the cost of adding a shed or future garage. In this neighbourhood, many homes have driveways or garages, so its absence is a notable trade-off for the lot size and may affect future buyer appeal for some.
3. The home sold for $450k in early 2021. What does that tell me?
It provides a recent market benchmark. Given shifts in the market since then, this price helps gauge the owner's potential equity and sets a reference point for current value, especially when compared to the much lower assessed value for taxes.
4. The lot is large, but is it usable?
A nearly 7,000 sqft lot offers great potential for gardening, play space, or additions. However, check the lot shape and topography—common in four-level splits—to see if it's level and easily usable, or if it slopes significantly.
5. How does this 1962 home compare to the nearby 1970s/80s references?
The comparison properties are generally newer. This home is older, which may mean more original components needing attention. However, its living area is larger than several comps, and its lot size is a standout feature, offering a different value proposition based on space over newer construction.