Property Overview: 348 Thompson Drive
Key Characteristics, Appeal & Ideal Buyer
This well-situated one-storey home in Winnipeg's Booth neighbourhood sits on a large, approximately 8,530 sqft lot, offering more space than most properties on its street and in the wider city. Built in 1961, the home features 1,290 sqft of living space and a renovated basement. A detached garage completes the property. Its assessed value has shown consistent growth over recent years.
The primary appeal lies in its combination of a spacious lot and solid value within its community. The generous yard is a standout feature for gardening, recreation, or future expansion. The renovated basement adds functional living space, increasing its utility. This property suits practical buyers looking for a grounded, single-level home with room to breathe outdoors. It would particularly appeal to those who value a established neighbourhood character over new construction, and who see potential in a home where equity has been steadily building. The data suggests it offers more land than many comparable homes, which is a less obvious but lasting advantage.
Frequently Asked Questions
1. How does the property’s size compare to others nearby?
The land area is a key strength, ranking in the top half of its street and significantly above the Winnipeg average. The living area is also comfortably above average for the immediate street.
2. What does the assessed value history indicate?
The assessed value has increased reliably from $32.5k in 2019 to $38.8k, suggesting stable market recognition and value growth in line with or slightly above local trends.
3. Is the home older than others in the area?
Built in 1961, it is slightly newer than many homes on its street but older than the average for the broader neighbourhood. This is typical for the area's established character.
4. What are comparable nearby properties like?
Direct neighbours are very similar in style and vintage. The provided comparisons show nearby homes with similar assessed values, indicating this property is priced consistently within its market segment.
5. What is the neighbourhood ranking based on?
The rankings compare this property's specific metrics (like lot size, year built) against all other properties on its street, in Booth, and across Winnipeg. For example, its lot size ranks in the top 10% city-wide, highlighting a major advantage.