Property Overview: 325 Thom Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Kildare-Redonda presents a practical and well-positioned opportunity. Its key appeal lies in its strong value proposition within its immediate area. With a living area of 998 sqft, the home is very typical for the street and neighbourhood, offering comfortable, manageable space. The standout feature is its assessed value of $35,200, which ranks in the top 13% for Kildare-Redonda, suggesting it is viewed as a higher-value property compared to many of its local peers. This is complemented by an above-average land size for the street at just under 5,000 sqft, offering good outdoor space.
The home suits first-time buyers or downsizers looking for a solid, no-fuss property in a stable neighbourhood. Its renovated basement adds functional living space, and the detached garage provides flexibility. A thoughtful perspective is that while the home's size is modest city-wide, its high assessment ranking locally indicates it may possess intangible qualities—like lot placement, condition, or specific upgrades—that are recognized in its valuation. It’s a property that represents a strong local investment rather than a standout in broader city comparisons.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home last sold in July 2016 for an estimated $27,500-$30,500. Its current assessed value of $35,200 is higher, reflecting market changes and the property's standing relative to neighbours over the past nine years.
2. Is the living space considered small?
At 998 sqft, it is very close to the average for both Thom Avenue E (968 sqft) and the wider Kildare-Redonda neighbourhood (966 sqft). It is, however, below the Winnipeg city-wide average, making it a typically sized home for this specific area.
3. What does the "above average" land size mean for this lot?
The lot is 4,995 sqft, which is larger than many on the same street (where the average is 4,021 sqft). This means more private yard space than several immediate neighbours, which is a notable advantage.
4. How old is the home, and should I be concerned?
Built in 1972, the home is slightly newer than the average on its street. While not new, its age is very typical for the area and is reflected in its average ranking for year built locally.
5. Who are the comparable neighbours?
The listing shows nearby properties on Thom Avenue E and Larche Crescent. For value comparison, it also lists homes in other Winnipeg neighbourhoods with the same $35,200 assessed value, such as in Varsity View or Elmhurst, which can be useful for cross-market consideration.