419 Thompson Drive

Property Summary: 419 Thompson Drive

Key Characteristics & Appeal

This is a well-maintained, single-storey home built in 1960, situated on a notably large lot of over 10,600 square feet in Winnipeg's Booth neighbourhood. Its primary appeal lies in a combination of generous outdoor space and recent updates. The home itself features a renovated basement and a living area of 1,245 sqft. While it does not have a garage or pool, the property ranks in the top 10% for lot size on its street and the top 6% within its wider neighbourhood, indicating exceptional outdoor potential.

The home would suit first-time buyers or downsizers looking for a manageable single-level layout with immediate move-in readiness, thanks to the renovated basement. It is equally suited to a buyer with a vision for the land itself—whether for gardening, expansion, or future redevelopment—given the lot size is a significant asset relative to the area. The recent sale in July 2024 suggests a stable, active market for the property.

Frequently Asked Questions

1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finishes, permits, and whether it includes added bedrooms, a legal suite, or simply updated living space.

2. Is the large lot size typical for the area?
No, it is exceptional. The property's lot ranks in the 90th percentile on its street and the 94th percentile in the Booth neighbourhood, meaning it is larger than most surrounding properties.

3. How does the recent sale price compare to the assessed value?
The home sold for $42,500 in July 2024, which is approximately $5,400 above its $37,100 assessed value. This indicates the market valued the property higher than its official assessment, likely due to the lot size and renovations.

4. What are the implications of not having a garage?
Buyers should consider the cost and feasibility of adding a garage or shed for storage and vehicle protection, which may be possible given the large lot. On-street parking convenience should also be verified.

5. The home is older; what major systems should be checked?
Built in 1960, priority inspections should include the roof, foundation, plumbing, electrical wiring, and heating system to understand the remaining lifespan and potential upcoming costs.