384 Thames Avenue

Property Overview

384 Thames Avenue is a well-maintained, one-storey home in Winnipeg's Chalmers neighbourhood. Built in 1975, it offers a renovated basement and a detached garage on a 4,140 sqft lot. The home last sold in 2016 for $190,000 and currently has an assessed value of $26,900.

Key Characteristics & Appeal

This home presents a practical opportunity in a mature neighbourhood. Its key appeal lies in its relative modernity compared to nearby properties; it is notably newer than many homes on its street and in Chalmers overall. The renovated basement adds functional living space, making the 1,112 sqft footprint more versatile. The lot size is generous for the area, offering above-average outdoor space compared to local peers.

It would suit first-time buyers or downsizers looking for a manageable, single-level layout with modernized fundamentals. Investors may also see value in a property that is newer than much of the housing stock in the vicinity, potentially requiring fewer immediate repairs. A thoughtful perspective is that this home offers a balance: it provides the established neighbourhood feel of Chalmers without the century-old upkeep challenges of many surrounding houses. Its city-wide assessed value is below average, which, while reflecting its neighbourhood, may indicate a lower property tax burden relative to many parts of Winnipeg.

Frequently Asked Questions

1. How does this home compare to others on the street?
It ranks above average for its street in terms of year built, living area, and assessed value. Notably, it's significantly newer than many neighbouring homes, which often date to the early 1900s.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or rooms. This would require clarification from the seller or a viewing to understand the quality and layout of the renovation.

3. Is the $26,900 assessed value the listing price?
No. The assessed value is for municipal tax purposes. The home last sold for $190,000 in 2016. The market price would be set by the current seller based on recent market conditions.

4. How does the lot size compare to the rest of Winnipeg?
While the lot is above average for Chalmers, it is below the city-wide average lot size. This is typical for established inner-city neighbourhoods versus newer suburban areas.

5. Are sale prices in this area rising or falling?
The provided data shows a 2016 sale price. Determining current market trends would require an analysis of recent, comparable sales in Chalmers, which is not included in this snapshot.