Property Overview: 349 Thom Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This 1973 bi-level home at 349 Thom Avenue E in Kildare-Redonda presents a practical and affordable entry point into the Winnipeg housing market. Its key characteristics include a 760 sqft living area, a renovated basement, and a modest 2,997 sqft lot. The home’s assessed value is notably low at $230k, placing it well below city-wide averages.
The primary appeal lies in its financial accessibility and recent updates. The renovated basement adds functional living space, increasing the home’s utility beyond its smaller main floor footprint. A thoughtful perspective is that while the lot size is below average for the area, it translates to less maintenance—a potential benefit for those seeking a simpler, more manageable property. The home is newer than many in its immediate neighbourhood, which may suggest fewer concerns related to the age of core components compared to peers.
This property would best suit first-time buyers or investors focused on fundamentals. It’s a straightforward home for someone prioritizing a lower tax assessment and purchase price over square footage, or for an investor looking for a rental property with a manageable entry cost. It is less suited for those requiring ample indoor space or a large yard.
Section 2: Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. A low assessment typically results in lower property taxes, which is a recurring financial benefit. It primarily reflects the home’s modest size and the valuation methodology compared to broader market sales.
2. How does the living space feel with a renovated basement?
The finished basement effectively doubles the usable living area, making the home feel more spacious than the 760 sqft main floor suggests. This creates clear zones for living and sleeping or additional flexible space.
3. What does the lot size mean for me?
At just under 3,000 sqft, the yard is compact. This means lower maintenance for gardening and snow clearing, but also limited space for extensive outdoor activities, additions, or parking multiple vehicles.
4. The home sold for much less in 2020. What does that mean?
The sold price range from 2020 (approximately $17.5k-$20.5k) reflects a very different market and potentially a different condition of the home prior to any renovations. It is not a relevant indicator of current value.
5. Are there any obvious drawbacks?
The main trade-offs are size and scale. The living area, lot size, and assessed value all rank in the bottom 10% compared to nearby homes and city-wide averages. Buyers must be comfortable with a smaller, more modest property in exchange for the lower carrying costs.