Property Overview
This one-storey home at 333 Thom Avenue E in Winnipeg's Kildare-Redonda neighbourhood presents a practical and value-oriented opportunity. Its key appeal lies in a combination of a renovated basement, a detached garage, and a lot size that is generous for its immediate area. The home is modest in size at 864 sqft, placing it around the average for its street but below the city-wide average, suggesting a cozy, efficient layout.
The data reveals some thoughtful perspectives. While the living space is compact, the property holds a notably high assessed value for both its street and neighbourhood (top 15%), indicating it is viewed as a solid asset relative to its peers. Furthermore, it was built in 1973, making it newer than most homes in Kildare-Redonda (top 4%), which can be a plus for systems and structure. The lot of nearly 5,000 sqft offers above-average outdoor space for the street, providing room for gardening, play, or expansion.
This property would suit first-time buyers or downsizers looking for a manageable, single-level home with modernized basics and a good private yard. It’s also a candidate for an investor or handy buyer who values the upside of a renovated basement and the potential of a larger lot in an established neighbourhood.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in May 2023 for an estimated $36.5k to $39.5k. Its current assessed value is $34,900, which is closely aligned with that recent sale range and is considered high for its immediate area.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on finish quality, permits, or the scope of work should be verified through a viewing and inspection. It adds valuable finished space to the 864 sqft main floor.
3. Is the living area too small?
At 864 sqft, the main living area is slightly below the neighbourhood average. However, the renovated basement provides additional functional space, and the lot size is larger than many on the street, balancing indoor space with generous outdoor space.
4. How does this home rank for age and condition in the area?
Built in 1973, this home is newer than 96% of comparable homes in Kildare-Redonda, where the average year built is 1966. This suggests potentially fewer age-related issues than many neighbourhood properties.
5. What are the key comparisons with nearby properties?
Direct neighbours on Thom Avenue E have very similar assessed values. A nearby home on Mcmeans Avenue E, listed as "worth viewing," is older, smaller (688 sqft), and has a lower assessed value ($25,700), highlighting the relative value proposition of 333 Thom Avenue E.