Property Summary: 212 Thompson Drive
Key Characteristics & Appeal
This is a well-maintained, one-storey home built in 1962, situated on a notably large lot of nearly 7,800 square feet in Winnipeg's Booth neighbourhood. Its key appeal lies in this generous land size, which ranks within the top third of area lots on its street, offering significant outdoor space and potential. The home itself features a renovated basement and an attached garage. Recent sales history shows it last sold for $260,000 in early 2018, while its current assessed value is significantly lower at $40,400.
The property would suit a practical buyer looking for a solid, no-fuss bungalow with a large yard for gardening, children, or future expansion. Its above-average lot size for the area is a standout feature for those prioritizing outdoor space over a large interior, as the living area is modest at 1,148 sq ft. The renovated basement adds functional living space. The significant gap between the last sale price and the current assessed value is a key point for buyers to investigate, as it may indicate different valuation methods or present a conversation starter for value.
Frequently Asked Questions
1. What does the large difference between the 2018 sale price and the current assessed value mean?
The assessed value is used for calculating property taxes and may not reflect current market value. The 2018 sale price is a historical market transaction. A professional appraisal or comparative market analysis is needed to determine the home's present market worth.
2. How does the lot size compare to others in Winnipeg?
The lot is quite large, ranking in the top 12% of all residential lots in Winnipeg by area. This is one of the property's most significant advantages.
3. What is the neighbourhood ranking based on?
The rankings (e.g., "Top 69% in neighbourhood") compare this property's specific metrics—like lot size or year built—against all other properties in Booth. For example, its lot size is larger than 69% of lots in Booth, but the home itself is older than 71% of homes in the area.
4. Is the basement renovation a legal suite?
The listing states the basement is "renovated" but does not specify it as a legal secondary suite. Buyers should verify the permits and status of the renovation with the city to understand its approved use.
5. The home was built in 1962. What should I be aware of?
While the basement has been renovated, a home of this age may have original components like plumbing, electrical, or the roof that require inspection. The large lot, however, is a permanent asset that adds long-term value.