Property Overview
119 Thatcher Drive is a 1,337 sqft bungalow built in 1964, situated on a 7,213 sqft lot in Winnipeg's Montcalm neighbourhood. Its key appeal lies in its balance of a generous city-sized lot with a modest, manageable home footprint. While the living space is below average for its immediate street and area, the lot size is significantly above the Winnipeg average, offering valuable outdoor space and potential. The home last sold between $400k-$450k in 2020, and its current assessed value is notably lower than many area comparables.
This property would suit a practical buyer looking for value in a mature neighbourhood. It's ideal for someone who prioritizes yard space over interior square footage—perfect for gardening, pets, or future expansion. It also represents a potential opportunity for buyers comfortable with a home of vintage character who may be looking for a project or a land-value play in the long term.
Frequently Asked Questions
1. Why is the assessed value so much lower than the last sale price?
Assessed values for tax purposes often lag behind market sale prices and are calculated using different criteria. The 2020 sale price likely reflects the market value at that time, while the assessment is an administrative valuation.
2. How does the lot size compare to typical Winnipeg homes?
The lot is a standout feature. At over 7,200 sqft, it ranks in the top 15% city-wide, meaning it's substantially larger than the average Winnipeg lot (approx. 6,570 sqft).
3. The home seems smaller than others on the street. Is that a concern?
The living area is below the street and area averages. This suggests the home may be more modestly sized or configured than its neighbours, which can mean lower utility costs and less maintenance, but it's important to verify the layout meets your needs.
4. What does the "rank" and "top X%" information mean?
These figures show how this property compares to similar homes in three zones: its street, the broader Montcalm area, and all of Winnipeg. For example, a "Top 15%" rank for lot size city-wide means 85% of comparable Winnipeg homes have a smaller lot.
5. Where can I see more context about the neighbourhood?
You can open the neighbourhood analysis page for an interactive map to compare this property with nearby homes based on year built, size, value, and lot dimensions.