Property Overview
This well-situated bi-level home at 238 Thompson Drive offers a blend of modern comfort and established neighbourhood appeal. Built in 2002, it stands out on its street for its newer construction, ranking in the top 1% locally for its age. The home features 1,220 sqft of living space, an attached garage, and sits on a generous 9,266 sqft lot, providing ample outdoor space. A key highlight is the renovated basement, adding valuable finished living area. Its assessed value has shown stable growth since its last sale in 2021.
The property’s appeal lies in its balance of space, updates, and location within the Booth neighbourhood. It ranks highly for lot size and property value within its immediate area, suggesting a well-regarded and established street. This home would particularly suit first-time buyers or small families looking for a move-in-ready property with a modernized interior and room to grow, without the maintenance concerns of an older build. It also presents a solid option for value-conscious buyers seeking a home that outperforms many neighbourhood and city averages on key metrics like lot size and year built.
Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value ranks in the top 13% of the Booth neighbourhood and top 8% on its own street, indicating it is considered a higher-value property in its immediate context.
2. What does the “renovated basement” entail?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finish quality, permits, and the nature of the renovation (e.g., recreational room, additional bedroom, etc.).
3. Is the lot size a significant feature?
Yes. At 9,266 sqft, the lot is larger than 92% of properties in Winnipeg and 88% within Booth, offering above-average outdoor space for gardening, play, or expansion, which is a key differentiator.
4. The home sold in 2021; is the price now significantly higher?
The 2021 sale price was $46.6k. The current assessed value is $43.8k. This difference does not necessarily reflect market loss; assessments for tax purposes can differ from market value. A comparative market analysis would be needed for an accurate current valuation.
5. What are the less obvious considerations for a bi-level built in 2002?
While modern, a 24-year-old home is entering a period where original components (like the roof, HVAC, or major appliances) may need inspection or planned replacement. Its newer construction rank is a relative strength on its street, but proactive maintenance planning is wise.