Property Summary: 295 Ronald Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a distinct blend of historic charm and modern updates on a generously sized lot. Its key characteristic is the renovated basement, which adds valuable finished living space to the 1,011 sqft main floor. Built in 1919, the property sits on an 8,395 sqft lot, which is notably larger than most in Winnipeg, offering significant outdoor potential.

The appeal lies in this balance: it’s a century home with a modern, usable lower level, set on a rare, large parcel of land in the Booth neighbourhood. The recent sale price suggests it was updated and brought to market competitively. It would suit a buyer looking for character without a full renovation project, who values private outdoor space over an attached garage. It’s also a practical fit for someone needing the flexibility of a finished basement, perhaps as a family room, home office, or separate suite. A less obvious perspective is that, while the house itself is older, the large lot offers a future opportunity not easily found—whether for gardening, expansion, or simply enjoying more privacy than typical city lots allow.

Section 2: Frequently Asked Questions

1. What does the "renovated basement" likely include?
While specifics aren’t listed, a renovated basement in this context typically means it’s been finished into a livable space with proper flooring, walls, and ceilings, and is likely compliant with current safety standards. It’s wise to confirm the scope, permits, and moisture control measures.

2. The home is over 100 years old. What should I be concerned about?
Prospective buyers should prioritize inspections for foundational integrity, outdated plumbing or electrical systems (despite the basement renovation), roof age, and insulation. The charm of an older home comes with the responsibility of maintaining its historic structure.

3. How does the large lot size impact me?
A lot of this size (over 8,000 sqft) provides ample yard space, but it also means higher maintenance—like more lawn to care for or snow to clear. It may also come with specific city bylaws regarding what you can build or how much of the land can be covered by structures.

4. Why is the assessed value different from the recent sale price?
The assessed value ($260k) is for municipal tax purposes and often lags behind the current market. The recent sale price ($433.70k) is a clearer reflection of its market value as of August 2024, influenced by its renovation, condition, and market demand at that time.

5. There's no garage. How does parking work?
The listing indicates no garage, so parking would be via driveway or on-street. It’s important to verify the driveway’s capacity and check city regulations for street parking, especially during Winnipeg winter parking bans.