123 Thom Avenue W

Property Overview: 123 Thom Avenue W, Winnipeg

Key Characteristics & Appeal

This 900 sqft bungalow, built in 1974, presents a practical and affordable entry point into Winnipeg’s Radisson neighborhood. Its key appeal lies in its relative modernity compared to its immediate surroundings; the home is newer than 96% of similar properties in Radisson and 91% on its own street, suggesting a potentially updated structure or fewer immediate major renovation concerns than older peers.

The assessed value of $256k is notably below averages for the street ($295.8k), neighborhood ($320.2k), and city ($390.1k). This creates a value proposition for cost-conscious buyers, offering a lower property tax base and an accessible purchase price. The lot, at just under 3,000 sqft, is smaller than most in the area but provides manageable outdoor space with less maintenance.

This property would best suit first-time homebuyers, downsizers, or investors seeking a straightforward, no-frills home in an established neighborhood. Its below-average size and value metrics indicate it’s not a luxury offering, but rather a grounded opportunity for those prioritizing function, lower ongoing costs, and a home that is notably newer than many of its neighbors.

Frequently Asked Questions

1. Is the lower assessed value a red flag?
Not necessarily. It primarily reflects that the home is smaller and sits on a smaller lot than area averages. It can be an advantage, indicating a more affordable entry point and lower property taxes.

2. How does the 1974 build year affect the home?
Being built in 1974 means it’s likely past any major issues with original materials (like knob-and-tube wiring) found in much older homes, but key components like the roof, windows, and major systems may be nearing or due for replacement depending on their maintenance history.

3. The home sold in 2017 for between $200k-$250k. What does that mean for today’s price?
That historical price provides a benchmark, but market conditions, interest rates, and any updates made to the property since 2017 will determine its current value. It does suggest a history of being a more affordable option in the area.

4. What are the implications of the smaller lot size?
The lot is smaller than most in Radisson, which means less yard maintenance and potentially less privacy. However, it also likely means a lower purchase price and can be a benefit for those who don’t want extensive outdoor upkeep.

5. How reliable is this sold price and comparison data?
The data is compiled from public sources, not the MLS, and is presented as a reasonable estimate. For fully verified sales history and exact figures, you must request a manual lookup from the site, as industry rules prevent displaying official MLS records here.