Property Overview
206 Thompson Drive is a well-maintained, single-storey home built in 1994, situated on a large, quiet lot in Winnipeg's Booth neighbourhood. Its appeal lies in a combination of generous outdoor space, recent updates, and solid value within its area. The home features a renovated basement, an attached garage, and a living area of 1,292 sqft on a lot of nearly 7,840 sqft. Recent sales data shows steady appreciation, with the home selling for $44,300 in 2023, up from $35,000 in 2017.
Key Characteristics & Ideal Buyer
The property’s primary strengths are its expansive lot size—ranking in the top 30% of its neighbourhood—and its modernized basement, offering immediate move-in readiness and potential for flexible living space. Its appeal is grounded in practicality: it’s a home that offers more outdoor room than many in Winnipeg (top 12% city-wide) without a premium price tag, as reflected in its assessed value. The home is newer than most on its street (top 4%), suggesting comparatively modern systems and less immediate concern for major replacements.
This home would suit first-time buyers or downsizers seeking single-level living, a low-maintenance exterior, and a private yard. It also appeals to value-conscious buyers who prioritize land size and functional updates over sheer interior square footage. A thoughtful perspective is that this property represents a "middle ground" in its market—it doesn’t lead in every category but offers a balanced, above-average package for the area, making it a sensible, long-term hold rather than a flashy investment.
Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is 7,840 sqft, which is significantly larger than average, placing it in the top 30% within the Booth neighbourhood and the top 12% across all of Winnipeg.
2. What is the history of property value here?
The home sold for $35,000 in July 2017 and again for $44,300 in August 2023, demonstrating steady market appreciation over a six-year period.
3. Is the basement finished?
Yes, the basement has been renovated, adding valuable finished living space to the home’s overall footprint.
4. How does the home’s age compare to others nearby?
Built in 1994, this home is newer than 96% of the properties on its own street, offering more modern construction than most direct neighbours.
5. What are the rankings based on?
The percentile rankings (e.g., Top 30%) compare this specific property metric—like lot size or year built—against all other listed properties in the defined geographic area (street, neighbourhood, or city), providing context for its relative standing.