Property Summary: 393 Thompson Drive
Section 1: Key Characteristics & Appeal
This one-storey home in Winnipeg's Booth neighbourhood is defined by its exceptionally large, 10,265 sqft lot, which places it in the top 8% of the area. This generous outdoor space is the property's most standout feature, offering significant potential for gardening, expansion, or recreation. The home itself is a modest 1,005 sqft bungalow with a renovated basement and a detached garage, built in 1919. Its recent sale in July 2020 for $24.30k, significantly below its $32.20k assessed value, suggests it may be a value-oriented opportunity, possibly as a fixer-upper or land play.
The appeal lies in a clear combination: a premium-sized lot in a well-established neighbourhood at an accessible price point. It suits practical buyers looking for a solid foundation to build upon, whether literally through renovations or by enjoying the rare luxury of ample urban green space. It would particularly attract value-conscious purchasers, hands-on renovators who see potential in an older character home, or those prioritizing private outdoor space over a large interior footprint. A less obvious perspective is that such a large lot on a standard city street offers a rare sense of privacy and room to breathe that is increasingly hard to find, making it a unique holding in its area.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, moisture control, or legal suite potential are not provided. This would be a key area for inspection and inquiry.
2. Given the age, what should I be prepared for with a 1919 home?
While charming, a home of this age likely has original systems. Buyers should budget for and investigate the condition of the foundation, plumbing, electrical wiring, and insulation. The renovated basement may address some of these items.
3. How does the lot size compare to nearby properties?
The lot is in the top 18% on its own street and top 8% in the broader Booth neighbourhood, meaning it is substantially larger than most surrounding properties, which is a significant asset.
4. Why was the 2020 sale price so much lower than the assessed value?
This discrepancy could be due to several factors, including the property's condition at the time of sale, market conditions, or a non-arms-length transaction. It highlights the importance of a current appraisal and understanding the home's present state.
5. What is the neighbourhood character like?
The property is surrounded by similar one-storey homes on standard lots, suggesting a stable, established community. The "Top 92%" neighbourhood ranking indicates it is a relatively desirable area within Winnipeg, but viewing the street personally is recommended to gauge traffic and upkeep.