Property Overview
This two-storey home at 141 Thom Avenue E in Winnipeg's Kildare-Redonda neighbourhood presents a practical, no-frills opportunity. Built in 1965, it offers 1,045 sqft of living space with a renovated basement, sitting on a 3,299 sqft lot. The home lacks a garage or pool. Its key appeal lies in its position as a modest, entry-level property with a recently updated lower level. The data suggests it is consistently priced below average for its immediate street, neighbourhood, and city-wide comparisons, indicating a potentially accessible price point.
It would suit a first-time buyer, an investor looking for a straightforward rental property, or someone seeking a lower-maintenance home without the premium for extra features like a garage or large lot. A thoughtful perspective is that its below-average assessments across the board might reflect a home that has been valued for its utility rather than its luxury, offering a clear canvas for someone to add value over time without a high initial investment. Its very average size and age for the area mean it doesn't stand out for good or bad reasons, which can be a stability advantage in a fluctuating market.
Frequently Asked Questions
1. What does the "below average" assessed value actually mean?
The home's assessed value is lower than most comparable properties on its street, in Kildare-Redonda, and across Winnipeg. This typically signals a more affordable entry price, but it's essential to view the property in person to understand what factors—such as lot size, condition, or finishes—contribute to that valuation.
2. Is the renovated basement a legal suite?
The listing notes a "renovated" basement but does not specify if it is a legal, rentable suite. This is a crucial detail to verify with the seller and the city, as it impacts rental income potential and insurance.
3. How does the lack of a garage affect daily living in this area?
Without a garage, parking will be limited to driveway and street. Consider your household's vehicle needs and visit the street at different times to gauge typical parking availability, especially during Winnipeg winters.
4. The home last sold in 2016. What might that indicate?
A nine-year ownership period suggests the sellers were not flippers but likely lived in the home. This can imply consistent, long-term maintenance, but it also means major systems (like roof, furnace) from that era may be nearing the end of their lifespan and should be inspected.
5. The lot size is below average for the neighbourhood. What are the implications?
The yard will be more compact than many in Kildare-Redonda. This means lower outdoor maintenance, which is a plus for some, but less private space for gardening or recreation. It's a trade-off that contributes to the home's overall affordability in the area.