Property Overview: 123 Thatcher Drive, Winnipeg
Key Characteristics & Appeal
This home at 123 Thatcher Drive in Montcalm presents a solid, mid-century property built in 1964. Its key appeal lies in its balance and context. With 1,431 sqft of living space, it is a comfortably sized home that is actually above the city-wide average, though it sits below the average for its immediate neighbourhood and street. This suggests a potentially more efficient or cozier layout compared to some neighbours.
The lot size of 7,212 sqft is a significant feature, ranking in the top 15% city-wide, offering generous outdoor space that is rare in many parts of the city. While the assessed value is modest relative to city-wide averages, its last recorded sale was in the $400k-$450k range in 2022, indicating a market value that appreciates its practical offerings.
This property would suit a buyer looking for a established home in a mature neighbourhood, who values a larger-than-average city lot for gardening, recreation, or future expansion. It’s a practical choice for those who want space without a sprawling house to maintain, and it may appeal to value-conscious buyers who see potential in a home that is competitively sized against the broader market but sits humbly on its own street.
Frequently Asked Questions
1. How does this home’s size really compare to others?
While the living area is below the average for Montcalm and Thatcher Drive, it is actually larger than the typical Winnipeg home. This indicates a neighbourhood of relatively spacious houses, making this property a more moderate option within that context.
2. What does the lot size ranking mean for me?
Ranking in the top 15% city-wide for land area is a notable advantage. It means you are getting a significantly larger yard than most Winnipeg homeowners, which is a permanent asset offering privacy, space for activities, or landscaping potential that is hard to find.
3. The home was built in 1964. What should I consider?
As a home from the mid-1960s, expect the potential for original building materials and systems. While it has stood the test of time, a thorough inspection is advised to understand the condition of the roof, wiring, plumbing, and insulation, and to budget for any modernizations you may desire.
4. Why is there a difference between the assessed value and the recent sold price?
The assessed value (approximately $48k) is for municipal tax purposes and is not an indicator of market value. The 2022 sale price ($400k-$450k) reflects the actual market value at that time, which is influenced by factors like location, condition, and buyer demand, not captured in the tax assessment.
5. How can I find out the exact past sale prices?
The provided sale price is an estimated range from public data. To obtain the precise historical sale figures, you can use the email request service offered on the listing page. They provide the exact figures manually without using your email for marketing.