Property Overview
40 Al Thompson Drive is a spacious, modern two-storey home in Winnipeg's Grassie neighbourhood. Built in 2010, it offers 1,875 sqft of living space, an attached garage, and a renovated basement, all situated on a generous 7,032 sqft lot. The home’s assessed value is $54,700.
Key Characteristics & Appeal
This home’s primary appeal lies in its above-average size and modern construction relative to its surroundings. With living space ranking in the top 20% on its street and top 14% city-wide, it offers more room than most comparable homes. The 2010 build date means major components are newer, potentially reducing near-term maintenance worries compared to older stock. The renovated basement adds immediate functional space.
Its value is underscored by consistent rankings: it performs well not just on its own street but also within the broader Grassie area and across Winnipeg for living area, assessed value, and land size. This suggests a solid, desirable property rather than one that simply benefits from a high-performing immediate area. The lot size is notably larger than many in Grassie, offering good outdoor space.
This property would suit buyers looking for a move-in ready, spacious family home without the character or renovation challenges of an older property. It’s ideal for those who prioritize modern amenities, a low-maintenance yard, and the potential for basement space, whether for family use, a home office, or guests.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $54,700 is for municipal tax purposes. The last recorded sale was in August 2023 for an estimated $53,500-$56,500, which provides a recent benchmark. Market conditions will determine the final listing and sale prices.
2. What does the "above average" ranking actually mean for a buyer?
The data shows this home consistently outperforms peers. For example, its living area is larger than 86% of similar homes city-wide. This indicates you are getting more physical space for the price point compared to the typical Winnipeg home.
3. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify it as a legal secondary suite. Buyers should verify its current use and compliance with local regulations if considering rental income.
4. What are the implications of the 2010 build year?
A home built in 2010 is modern enough to have contemporary building standards and layouts, but it is now 14 years old. Key components like the roof, HVAC, and major appliances may be nearing the end of their typical lifespans and should be inspected.
5. How does the property’s value hold up in its neighbourhood?
The home ranks in the top 15% for assessed value on its own street and top 18% in Grassie. This suggests it is considered a higher-value property within the community, which can be a positive indicator for long-term value retention.