Property Overview: 116 Thatcher Drive, Winnipeg

Key Characteristics & Appeal

This home at 116 Thatcher Drive in Montcalm stands out for its generous proportions, both in living space and land. Built in 1967, its nearly 3,000 sqft of living area ranks in the top 5% for its immediate street and neighbourhood, and the top 1% city-wide, offering significantly more interior space than typical Winnipeg homes. The lot size of over 8,600 sqft is also notably large, placing it in the top 5% on Thatcher Drive.

The appeal lies in this rare combination of ample, established space on a substantial lot within a mature neighbourhood. It’s a property that offers room to grow, entertain, or simply enjoy privacy. The home’s assessed value is consistently above average across all comparison levels, suggesting a solid and recognized valuation.

This property would best suit buyers who prioritize space over a modern build, such as multi-generational families, those who value large gardens or outdoor potential, or anyone looking for a home where square footage isn’t a constraint. It’s for a buyer who sees the value in a character home from the 1960s and may be planning updates to suit their personal taste.

Frequently Asked Questions

1. How does the sold price history work?
The listed sale from 2020 shows a price range based on available public data. To obtain the exact historical sold price, you can submit an email request via the provided button for a manual reply.

2. What do the "Top X%" rankings mean?
They show how this property compares to similar homes in three areas: its immediate street, the broader Montcalm neighbourhood, and all of Winnipeg. For example, living area in the "Top 1% city-wide" means it is larger than 99% of comparable homes across the entire city.

3. The assessed value seems low compared to the sold price. Why?
Municipal assessed values in Manitoba are for tax purposes and are often significantly lower than current market values. The key metric is its ranking—being "above average" or in the "top X%" compared to peers indicates its relative standing.

4. What might be the considerations with a 1967-built home?
While the structure is from a well-regarded era of construction, a home of this age will likely have had several systems updated over time. Prospective buyers should investigate the age and condition of major components like the roof, windows, plumbing, and electrical to understand any upcoming investments.

5. How does the lot size compare practically?
At 8,634 sqft, the lot is about 40% larger than the city-wide average for comparable homes. This translates to more backyard space, greater potential for additions like a garage or garden suite (subject to zoning), and generally more privacy than found on newer, denser lots.