Property Summary: 316 Thom Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Kildare-Redonda presents a practical and solid opportunity. Its key characteristic is balance: at 1,040 sqft, the living space is comfortably above average for both the immediate street and the neighbourhood. It sits on a notably generous 5,212 sqft lot for the area, offering ample outdoor space and potential. The basement has been renovated, adding functional living area, and the property includes a detached garage.
The appeal lies in its established, no-surprises nature. Built in 1972, it is newer than many homes in the wider neighbourhood. The recent sold price history suggests steady, above-average value retention for the local area. It’s a home that offers more space—both indoors and on the lot—than is typical for the vicinity without being a standout project.
This property would suit a first-time buyer or a downsizer looking for a manageable single-level layout in a mature neighbourhood. It’s also a sensible fit for a value-oriented buyer who prioritizes usable land size over a brand-new build, and who appreciates that key updates, like the basement, are already addressed.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value and recent sold prices consistently rank in the top 25-30% for the Kildare-Redonda neighbourhood, indicating it is considered a higher-value property within this specific area.
2. Is the lot size a significant feature?
Yes. The lot is over 5,200 sqft, which ranks in the top 17% on its own street. This is a less obvious advantage, providing more private outdoor space and potential for gardening, expansion, or additions than many neighbouring properties.
3. What does “around average” for the city actually mean?
While the home feels spacious locally, its size is close to the Winnipeg citywide average. This perspective is useful: you’re getting a neighbourhood-competitive property that aligns with broader market norms, not an outlier.
4. The home sold recently in 2024 and 2022. Is that a concern?
Not necessarily. The short-term resales could indicate investor activity or changing personal circumstances. The consistent, above-average sale prices suggest the property has maintained its desirability and market value through those transitions.
5. What are the trade-offs for the spacious lot and living area?
To gain that above-average interior and land space in this neighbourhood, you are opting for a classic one-storey design from the early 1970s. The trade-off is typically a more efficient, modern layout. The value is in the space itself, not necessarily in contemporary open-concept flow.