Property Overview: 145 Thom Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Kildare-Redonda is a practical, mid-century property built in 1966. Its key features include 1,064 sqft of living space, a renovated basement, and a detached garage on a 3,299 sqft lot. The home’s appeal lies in its solid, no-frills foundation and recent updates, having been sold and likely refreshed in both 2021 and 2022. It presents as a well-maintained, turnkey option in a mature neighbourhood.
The data reveals a nuanced position. Within its immediate area on Thom Avenue, the home is consistently "around average" for size, value, and age. However, compared to the broader Kildare-Redonda area and city-wide, its lot size and assessed value are below average. This suggests a competitively priced entry point into the neighbourhood, suited for first-time buyers, downsizers, or practical investors seeking a manageable property without major initial projects. The renovated basement adds functional living space, appealing to those who value immediate utility over larger square footage or expansive yards.
Section 2: Frequently Asked Questions
1. Is this home a good value for the area?
The assessed value is below the average for the Kildare-Redonda neighbourhood, which can indicate a relatively affordable entry point. However, it's essential to compare this with the current asking price and recent sale prices of similar homes to determine true market value.
2. What does the "renovated basement" entail?
The listing notes a renovated basement, but the specific scope and quality of the work are not detailed. A prospective buyer should inquire about the permits, the finish quality, and whether it includes a proper secondary suite or simply finished living space.
3. How does the smaller lot size impact the property?
At 3,299 sqft, the lot is below average for the area. This means lower maintenance, which is a plus for some, but also less private outdoor space and potentially limited options for future expansions like additions or large decks.
4. The home has sold twice recently (2021 and 2022). Should I be concerned?
Frequent sales can sometimes raise questions, but they can also indicate a property that has been recently flipped and updated. It's crucial to review the listing history and, if possible, find out what work was done between sales to assess its current condition.
5. Who are the most likely buyers for this property?
This home is best suited for pragmatic buyers: first-time homeowners looking for a manageable starter home, investors seeking a rental property with recent updates, or downsizers who want a low-maintenance living space without the need for a large yard. Its appeal is more about function and location than prestige or size.