Property Overview: 321 Thom Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home at 321 Thom Avenue E in Kildare-Redonda presents a practical and value-oriented opportunity. Its key characteristics include a renovated basement, a detached garage, and a notably generous lot size of nearly 5,000 sqft for the immediate area—ranking it above average on its own street. With 948 sqft of living space, the house itself is modest and typical for the neighbourhood, but it sits on a property that offers more outdoor space than many of its direct peers.
The primary appeal lies in its strong value positioning within a established community. The home's assessed value of $350k ranks in the top 14% for both the street and the wider Kildare-Redonda area, suggesting it is viewed as a solid asset relative to its local market. This, combined with the recent sale in early 2024, indicates a property that is actively transacting and likely well-maintained. The renovated basement adds functional living space.
This home would suit first-time buyers or downsizers looking for a manageable, single-level layout in a mature neighbourhood without a premium price tag. It’s also a sensible fit for a value-focused buyer who prioritizes a larger lot with potential for gardening, expansion, or outdoor enjoyment over having a larger interior footprint.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The $350k assessed value is significantly above the local average for comparable homes on Thom Avenue E and in Kildare-Redonda, ranking in the top 14% in both categories. This suggests the property is considered a higher-value asset in its immediate context, likely due to factors like the renovated basement and larger lot.
2. Is the living space smaller than average?
At 948 sqft, the living area is very close to the average for both the street (968 sqft) and the neighbourhood (966 sqft). However, it is below the Winnipeg city-wide average. This indicates a comfortably sized home for the area, but one with a cozier interior footprint compared to newer suburban developments.
3. What is the significance of the lot size?
The 4,995 sqft lot is a standout feature, ranking above average (top 30%) on Thom Avenue E. This means you’re getting more land than most direct neighbours, which can offer more privacy, yard space, and potential.
4. When was it last sold, and what is the price history?
The property was sold in March 2024. For exact historical sold prices, you can request the information via email from the listing source, as public records may show ranges.
5. What are the neighbouring properties like?
The listing shows several homes on the same block and adjacent streets, indicating a well-established, dense residential area. The similar assessed values of comparison properties in other neighbourhoods like Elmhurst and Varsity View provide context, showing what $350k can command in different parts of the city.