Property Summary: 295 Booth Drive

Key Characteristics & Appeal

This is a well-maintained, one-storey home on a generous 6,595 sqft lot in a mature Winnipeg neighbourhood. Built in 1964, its key updated feature is a renovated basement, adding valuable finished living space to the 1,447 sqft main floor. The home includes a detached garage.

Its appeal lies in its established setting and practical layout, offering solid value. The lot size is a significant asset, ranking in the top half of the street and neighbourhood for area, providing ample outdoor space uncommon in newer subdivisions. While the house itself is average-sized for the area, the renovated basement effectively expands the usable living area. The property’s current assessed value ranks highly on its street and in the neighbourhood, suggesting it is viewed favorably relative to its immediate peers.

This home would suit first-time buyers or downsizers looking for a manageable single-level layout with room to grow or host family in the finished basement. It’s also a practical choice for value-conscious buyers who prioritize a larger lot and are comfortable with a home from the 1960s, appreciating the character and tree-lined streets of an established community over a brand-new build.

Frequently Asked Questions

Q: How does the lot size compare to typical properties in Winnipeg?
A: The lot is notably larger than average, ranking in the top 21% of all properties in Winnipeg for land area. This is one of its standout features.

Q: The home was built in 1964. What should I consider?
A: While the basement has been renovated, a home of this age will likely have original or aging core components, such as the roof, windows, and plumbing/electrical systems. A thorough inspection is advised to understand the condition and any upcoming maintenance.

Q: The home last sold in 2016. What does the price history indicate?
A: It sold for $34.6k in 2016 and is now assessed at $40.5k. This increase reflects broader market trends and the added value of the basement renovation. It suggests stable, incremental growth in line with the area.

Q: How does this property rank for living space in the neighbourhood?
A: The 1,447 sqft of above-ground living area ranks in the top third of the neighbourhood, making it an average-to-slightly-above-average sized home for the area, not including the renovated basement space.

Q: What is the significance of the detached garage?
A: A detached garage is common for homes of this era. It provides secure parking and storage but means dealing with Winnipeg winters involves a walk to the house. For some, this separation is a plus for noise or workshop use.