Property Overview
This 1972 bi-level home at 341 Thom Avenue E in Winnipeg's Kildare-Redonda neighbourhood presents a practical and value-oriented opportunity. Its key appeal lies in a balanced combination of a renovated basement, a detached garage, and a lot size that is notably generous for its immediate street. At 826 sqft, the living space is compact, ranking below average for the area, which suggests a focus on efficiency over size. However, the property holds its value well, with an assessed value that performs strongly compared to its direct neighbours. This profile suits first-time buyers seeking an affordable entry into the market, practical-minded individuals who prioritize outdoor space and a garage over square footage, or investors looking for a stable, low-maintenance rental property. A less obvious perspective is that a home with below-average interior space but above-average lot size for the street offers clear potential for future expansion or landscaping, providing a tangible asset that newer infill lots often lack.
Frequently Asked Questions
1. Is the house smaller than others in the area?
Yes. The living area of 826 sqft is below the average for both the immediate street and the broader Kildare-Redonda neighbourhood, indicating a more compact, efficient layout.
2. What is the property's strongest feature from a data perspective?
The lot size. At just under 5,000 sqft, the land area ranks in the top 30% on its street, offering more outdoor space than many neighbouring properties.
3. How does its value hold up compared to nearby homes?
Very well on its street. The assessed value ranks in the top 27% of comparable homes on Thom Avenue E, suggesting it is viewed as a solid asset relative to its closest peers.
4. What does the sale history indicate?
It last sold in June 2021 for a price consistent with its current assessed value. This recent transaction provides a clear, stable benchmark for its market price.
5. Who might this property not suit?
It may not suit buyers looking for a move-in-ready home with ample above-ground living space or those who prefer a brand-new build, as the interior is compact and the structure is over 50 years old.