Property Overview: 119 Thom Avenue W, Winnipeg
Key Characteristics & Buyer Appeal
This 827 sqft bungalow, built in 1973, presents a practical and affordable entry point into Winnipeg's Radisson neighborhood. Its primary appeal lies in value and relative modernity within its context. While the living space and lot size (3,000 sqft) are below area averages, the home's year of construction is a standout feature, ranking newer than 95% of homes in Radisson. This suggests potentially fewer concerns with aging infrastructure compared to many neighbors.
The assessed value of $262k sits comfortably below averages for the street, neighborhood, and city, indicating a lower property tax burden and an accessible price point. It suits first-time buyers or investors seeking a straightforward, no-frills property with a solid foundational age. The appeal is pragmatic: you're acquiring a home that is notably newer than most in the immediate area, trading square footage for that modernity and a more manageable cost of entry. It’s a property for those who prioritize financial efficiency and a sound structural base over spaciousness.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
Based on assessed values, this home is priced below the street average ($295.8k), suggesting a competitive entry point. Its 1973 build date is also newer than most on Thom Avenue W, which may add value in terms of building materials and systems.
2. How does the lot size impact potential for expansion or outdoor use?
At 3,000 sqft, the lot is smaller than the Radisson average. This likely means a compact backyard, limiting possibilities for large additions or extensive outdoor living spaces, but also resulting in less maintenance.
3. The home is described as "below average" in size for the area. How noticeable is this?
The living area is 181 sqft smaller than the Radisson average (1,008 sqft). This is a significant difference, equivalent to a missing medium-sized bedroom or living room space, indicating a compact floor plan.
4. What does the "Elite" ranking for its year built actually mean?
It means this 1973-built home is newer than 95% of comparable properties in the entire Radisson neighborhood. In an area with many older homes, this is a distinct advantage regarding the likely age of major components like wiring, plumbing, and the foundation.
5. Can I see the exact price it last sold for in 2022?
The site provides a sold price range of CA$250k–300k. To obtain the exact figure, you must request a manual lookup via email, as the platform does not display MLS sold records directly.