431 Thompson Drive

Booth, Winnipeg

Property score

79.0

Good

Overall 79.0 · Older than most nearby homes

1,534 sqft (top 31%) · Built in 1961 (1 yr older than avg)

Located in a high-income area with median household income of ~102k

Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 3 dining spots, 2 schools, 1 park, and 1 place of worship nearby

Living Area

Near average

9% larger than neighborhood avg.

Year Built

Below average

1 yrs older than neighborhood avg.

Mother tongue

English · 84%Tagalog · 5%

Past 10 years Booth sales snapshot (~80% of all data)

Sold Count

358

Median price

427.6k

$/sqft

$303/sqft

Avg build year

1962

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Property score

79.0 is composed by the two sections below.

Property Score

75.1Good
Living Area1,534 sqft79Good
Year Built196146Low
Lot Size12,047 sqft98Excellent
Neighbourhood Sales Activity75Good

Community Score

84.9Excellent
Household Income85Excellent
Education Level82Excellent
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health60Fair

Neighbourhood Sales

Booth

How to read: Share of sales in each ~$50k price band for “booth” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110275

Community deep dive

$102K

Median household income

$110K

Average household income

4%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.5

P90 / P10 ratio

13%

Single-person households

27%

Families with children

Population, labour & age

Population (2021)287
Labour force participation rate53%
Median age42.4
Avg household size2.7
Unemployment rate0%
Population density2870 / km²

Households & income

Low income (LIM-AT, % pop.)4%
Single-person households13%
Couple families with children27%
Median household income (2020)$102K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$324K

Diversity, education & language

Immigrants (share of pop.)18%
Visible minority25%
Bachelor's or higher (25–64)47%
Mother tongue (1st)English · 84%
Mother tongue (2nd)Tagalog · 5%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,534 sqft
0255075100
Same streetTop 21%Same areaTop 31%CitywideTop 29%
Same street · Thompson Drive
#24 / 113
Top 21% · Avg 1,311 sqft
Same area · Booth
#318 / 1,011
Top 31% · Avg 1,408 sqft
Citywide · Winnipeg
#55,521 / 194,458
Top 29% · Avg 1,342 sqft

Tax-Assessed Value

above average
469k
0255075100
Same streetTop 12%Same areaTop 8%CitywideTop 25%
Same street · Thompson Drive
#14 / 113
Top 12% · Avg 365.6k
Same area · Booth
#78 / 1,011
Top 8% · Avg 371.4k
Citywide · Winnipeg
#48,724 / 194,458
Top 25% · Avg 390.1k

Year Built

around average
1961
0255075100
Same streetTop 39%Same areaBottom 28%CitywideBottom 43%

Lot Size

Elite
12,047 sqft
0255075100
Same streetTop 1%Same areaTop 3%CitywideTop 4%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

431 Thompson Drive — 7 amenities found within 500 m, across 4 categories, including 3 dining (nearest 202 m), 2 education (nearest 319 m), 1 parks (nearest 397 m).

Search radius
🍽️Dining3
🏫Education2
🌳Parks1
Worship1

Crime & Safety

Booth · WPS public data · 2026

Annual incidents

26

2026

vs. city avg

-12%

relative to avg

Year-over-year

-93%

vs. prior year

Primary type

Property

58%

Full crime data for Booth →Winnipeg crime overview →

Sales History

Sold 10/2019CA$400k–450k
Sold price

Same street

Top 26%

Same area

Top 23%

City-wide

Top 28%

Related homes

Highlights & common questions: 431 Thompson Drive, Winnipeg

Property Summary: 431 Thompson Drive, Winnipeg

Key Characteristics & Appeal

This is a well-situated, one-storey home in Winnipeg's Booth neighbourhood, built in 1961. Its primary appeal lies in its exceptionally large, private lot—over 12,000 square feet—which ranks in the top 1% for size on its street. The home itself offers a renovated basement and above-average living space compared to most in the area. While it doesn't have a garage or pool, the value proposition is centered on land ownership and space. The property’s assessed value is notably high for its immediate vicinity, suggesting it is viewed as a premium holding on its street.

This home would best suit a buyer looking for a solid, no-frills bungalow with rare outdoor space for gardens, recreation, or future expansion. It’s ideal for those who prioritize lot size over a newer build or certain amenities. The renovated basement adds functional living space, making it practical for families or those needing a flexible layout. Given the strong assessed value and recent sale history, it also presents a stable opportunity for a long-term holder in a mature neighbourhood.


Frequently Asked Questions

1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the finishes, permits, and whether it includes added bedrooms, a legal suite, or simply updated living space.

2. Why is the assessed value so much higher than nearby homes?
At $46.9k, the assessment ranks in the top 7% for the neighbourhood. This likely reflects the combination of its very large lot size and the renovated condition of the home, as assessed for tax purposes.

3. Is the large lot usable or does it have constraints?
At over 12,000 sq ft, the lot is a major feature. Buyers should verify zoning (R1, R2, etc.) to understand potential for additions, outbuildings, or subdivision, and check for any easements or environmental factors.

4. How does the lack of a garage impact daily life and value?
The home has no garage. Buyers should consider the cost of adding a garage or using alternative parking, and how this aligns with their needs, especially during Winnipeg winters.

5. The home was last sold in 2019. What does that recent history indicate?
The 2019 sale suggests the current owners have held the property for a relatively short period. Understanding their reason for selling could provide useful context, though market conditions have also shifted significantly since that time.

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