Property Overview

309 Booth Drive is a well-established two-storey home on a large, mature lot in Winnipeg. Its appeal lies in a combination of generous space, a desirable location within its community, and a solid history of value. The nearly 10,000 sqft lot and over 2,400 sqft of living area place it in the top tier of homes locally. With a renovated basement and a detached garage, it offers classic layout with updated utility. Recent sale prices show stability in a dynamic market, suggesting it is viewed as a reliable asset.

This home would suit buyers looking for established neighbourhood character with ample room for gardens, play, or expansion. It’s ideal for a family seeking space over new construction, or for a value-conscious buyer who recognizes the long-term advantage of owning one of the larger properties on the street and in the wider area.

Key Details & Perspectives

• Scale & Standing: The lot size and living area are consistently in the top 10% for the street and neighbourhood, meaning you're getting above-average physical space for the area—a less obvious but permanent advantage.
• Value Context: While the assessed value is $510k, it last sold for $490k in late 2024. This recent sale provides a concrete, modern benchmark, suggesting the assessment is closely aligned with the current market.
• Neighbourhood Fit: The home ranks highly on its own street and immediate neighbourhood across almost every metric. This indicates it's not just a nice house, but a standout property within a desirable micro-location, which can be a stronger driver of value than the city-wide ranking alone.
• Buyer Profile: It's a strong match for a practical buyer who prioritizes land size and interior square footage over a brand-new build. The 1966 build date means maintenance should be factored in, but the renovated basement adds immediate modern functionality.

Frequently Asked Questions

1. How does the recent sale price compare to the assessed value?
The home sold for $490,000 in December 2024, which is slightly below its current $510,000 assessed value. This recent sale provides a very relevant and realistic price point for the current market.

2. What does the "top percentile" ranking actually mean for a buyer?
These rankings directly compare this property to others on its street, in the neighbourhood, and across Winnipeg. For example, living area in the "Top 1% for the neighbourhood" means it is larger than 99% of homes in the area, highlighting its standout size.

3. Is the land size a significant feature?
Yes. At 9,576 sqft, the lot is exceptionally large for the city, ranking in the top 7% in Winnipeg. This offers rare potential for outdoor enjoyment, gardening, or future expansion where many newer lots are significantly smaller.

4. The home was built in 1966. What should I consider?
While the basement has been renovated, the core structure is nearly 60 years old. A thorough inspection of major aging components—like the roof, windows, plumbing, and electrical systems—is essential to understand any upcoming maintenance or update needs.

5. How stable has the property's value been?
Sales history shows it sold for $530,000 in mid-2022 and $490,000 at the end of 2024. This reflects market adjustments over a period of rising interest rates. The fact that it maintains a value well above half a million dollars and ranks highly for its area suggests it has held its relative value and desirability quite well.