Property Summary: 387 Thompson Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in the Booth neighbourhood offers a classic and practical living proposition. Its primary appeal lies in its generous, mature lot—over 9,300 square feet places it in the top tier for size on its street—providing ample outdoor space for gardening, recreation, or future expansion. The home itself features a renovated basement, adding valuable finished living space to the 1,160 sqft main floor, and is complemented by a detached garage.
The property suits buyers seeking a solid, no-fuss home with significant lot potential in an established area. It’s ideal for those who prioritize private outdoor space over a newer build, or for handy individuals who can envision gradually updating the home (built in 1961) while enjoying the benefits of a large yard. The strong rankings for lot size and assessed value within the immediate area suggest a property that holds its ground in the local market, offering a sense of value and stability. A thoughtful perspective is that the large lot not only provides privacy but also represents a tangible asset that is increasingly rare in urban settings, offering flexibility that a newer home on a small lot cannot.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A viewing is essential to assess the finish quality, ceiling height, legal egress, and whether it includes a bathroom or kitchenette.
2. How does the age of the home (1961) affect maintenance?
While the basement has been updated, prospective buyers should budget for and inspect age-related systems. This includes the roof, original plumbing and wiring, and the foundation. A pre-purchase home inspection is highly recommended.
3. The lot is large, but how is it shaped and oriented?
The total square footage is notable, but the lot's practical use depends on its dimensions and sun exposure. Is it wide and deep, or long and narrow? Is the backyard sunny or shaded? These factors impact gardening and outdoor living.
4. What are the implications of a detached garage?
A detached garage offers flexibility (e.g., for a workshop) and may reduce noise in the house. However, it means a walk outdoors in winter. Consider the condition of the structure and the paved or laneway access to it.
5. The assessed value is listed, but what does that mean for the selling price?
Municipal assessed value ($35,900) is for tax purposes and is typically lower than market value. The selling price will be determined by current market conditions, the home’s updated condition, and the desirability of its large lot. Review recent sales of similar properties in Booth for a realistic price expectation.