Property Summary: 418 Thompson Drive
Key Characteristics & Appeal
This well-established one-storey home in Winnipeg's Booth neighbourhood sits on a generous, mature lot of over 8,500 sqft, offering more outdoor space than most properties on its street and in the wider city. Its key features include a renovated basement, an in-ground pool, and an attached garage. Built in 1960, the home presents a solid value proposition with a living area of 1,153 sqft and a current assessed value of $340k.
The primary appeal lies in its combination of private outdoor amenities and updated practicality. The large, private yard and pool create a ready-made retreat, rare for an urban setting, while the renovated basement adds functional living space. The property suits buyers looking for a move-in-ready home with established character and low-maintenance, single-level living. It would particularly appeal to downsizers, small families seeking a private backyard oasis, or investors attracted by the desirable lot size and completed renovations in a stable neighbourhood.
Frequently Asked Questions
1. How does the property compare to others in the area?
The home ranks highly for its lot size, placing in the top 20% of its neighbourhood. Its assessed value is above the median for its immediate street, suggesting it is viewed as a premium property on the block.
2. What is the significance of the sold price from 2020?
The home sold for $31.5k in August 2020. This is almost certainly not the full purchase price and most likely represents a title transfer, such as between family members or as part of an estate settlement. The current assessed value of $340k provides a more accurate gauge of its market value.
3. Is the pool a benefit or a burden?
This depends on the buyer. It's a major lifestyle amenity that offers immediate summer enjoyment and enhances outdoor entertaining. However, prospective buyers should factor in ongoing maintenance costs, insurance implications, and the seasonal utility of the feature in Winnipeg's climate.
4. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the permits, quality of finish, ceiling height, and whether it includes a separate entrance or additional bedrooms to fully understand its value and functionality.
5. The home is older; what should I be mindful of?
While the renovated basement is a plus, a home built in 1960 will have aging core components. A thorough inspection should focus on the roof, original plumbing and electrical systems, foundation, and the efficiency of the heating and cooling systems, especially given the large living space and pool equipment.