Property Overview: 320 Thom Avenue E, Winnipeg
Key Characteristics & Appeal
This bi-level home at 320 Thom Avenue E in the Kildare-Redonda neighbourhood presents a practical opportunity. Built in 1972, its 801 sqft of living space is modest and below average for the area, but it features a renovated basement and sits on a larger-than-average lot for the street at over 5,100 sqft. A detached garage adds utility.
The primary appeal lies in its financial positioning. The home's assessed value consistently ranks above average for both its immediate street and the wider neighbourhood, suggesting it is viewed as a solid asset relative to its peers. This, combined with its recent sale history, indicates a property that has held its value well in its market segment. It would suit a first-time buyer, an investor, or someone looking for a manageable, no-frills home with outdoor space, who prioritizes value retention and lot size over interior square footage. The renovated basement adds functional living space, making the home more versatile than the main floor area alone might suggest.
Frequently Asked Questions
1. Is the living space too small?
While the 801 sqft main living area is below the local average, the renovated basement effectively doubles the usable space, making the home more functional than the initial metric suggests.
2. Why is the assessed value higher than many neighbours?
The above-average assessment for the street and neighbourhood likely reflects the renovated basement, the larger lot size, and the property's overall maintained condition compared to immediate peers.
3. What is the neighbourhood like?
Kildare-Redonda is a mature, established area. The home's year built is newer than many in the neighbourhood, but it fits the character of a community with mostly mid-century housing.
4. What are the main benefits of the lot?
At 5,186 sqft, the lot is notably larger than others on Thom Avenue E. This provides extra outdoor space for gardening, recreation, or future expansion, which is a key advantage in a mature neighbourhood.
5. How stable has the home's value been?
Based on available sale data, the property has appreciated steadily over recent years, with its last sale price ranking higher than previous sales, indicating consistent value growth in its category.