Property Summary: 294 Ronald Street, Winnipeg

Section 1: Key Characteristics & Appeal

This property is a classic one-storey home on an exceptionally large, mature lot in the Booth neighbourhood. Its primary appeal lies in the combination of a renovated basement and the significant potential offered by its land. At over 12,500 square feet, the lot size ranks in the top 3% for both the neighbourhood and the entire city, offering rare space for expansion, gardening, or outdoor recreation that is hard to find in newer subdivisions.

The home itself, built in 1969, offers a functional living space of 1,312 sqft. While the interior size is comfortably above average for the immediate street, the true value proposition is the land and the renovated lower level, which adds flexible living space. The detached garage complements the property's layout.

This home would best suit a buyer who values space and potential over a turn-key modern build. It’s an ideal fit for someone looking for a solid starter home with immense yard space, a hands-on buyer interested in future expansions or landscaping projects, or an investor who recognizes the long-term value of owning one of the larger lots in the area. Its above-average assessed value for the street suggests it is a well-regarded property within its immediate context.

Section 2: Frequently Asked Questions

1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, layout, and whether it includes a separate entrance or legal suite are not provided. This would be a key detail to clarify with the selling agent.

2. How does the large lot size impact costs or rules?
A lot of this size is a major asset but may come with higher property tax assessments relative to smaller lots on the street. It's also wise to check municipal zoning bylaws for any restrictions or opportunities regarding future structures like sheds, garages, or additions.

3. The home last sold in 2020 for $34.2k, but is now assessed at $41.5k. What does this mean?
The 2020 sale price appears to be for land value only, likely indicating the previous sale was for a teardown or a very distressed property. The current assessed value reflects the standing home with renovations, showing a significant transformation and added value since that time.

4. The year built (1969) ranks low on the street. Is this a concern?
While newer than many homes on the street, its ranking indicates several more recently built homes nearby. This isn't inherently a concern but suggests a mix of property ages in the area; a thorough inspection for a home of this age is always recommended.

5. What is the neighbourhood (Booth) like?
The property ranks in the top 3% for lot size within Booth, meaning it's an outlier in terms of space. This suggests the immediate area may have a varied streetscape with a mix of original larger lots and potentially more subdivided or denser properties, offering a quieter, more spacious setting than other parts of the neighbourhood.