Property Overview & Appeal
This one-storey home on Ronald Street presents a compelling blend of space, value, and established neighbourhood character. Its primary appeal lies in its exceptionally large, 10,480 sqft lot, placing it in the top 7% of the Booth neighbourhood for land area. This offers rare potential for expansion, gardening, or outdoor living within the city. The 1,548 sqft living area is also well above average for the street and area. Key features include an attached garage and a renovated basement, adding valuable finished space. The home last sold in 2021, and its current assessed value remains notably low relative to its lot size and recent sale price, which may indicate opportunity for equity-minded buyers.
This property would suit a buyer looking for a solid, spacious bungalow with a blank-canvas yard in a mature neighbourhood. It’s ideal for those who prioritize land over a recently built home, as the 1962 build date is older than most in the immediate area. The strong rankings for lot size, living area, and assessed value suggest a property that stands out in its locale for its foundational assets, appealing to long-term owners or those willing to invest in updates over time.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on the finish quality, layout, or permits should be verified through a viewing and inspection. It represents added liveable space, but understanding its condition is key.
2. How does the low assessed value impact property taxes?
A lower assessed value relative to recent sale prices can be advantageous, potentially resulting in comparatively lower property taxes. However, a sale significantly above assessment can trigger a reassessment.
3. The lot is large, but how is it shaped and oriented?
The total square footage is significant, but the lot's practical usability depends on its dimensions, shape, and sun exposure. This should be evaluated in person to gauge its potential for specific uses like an addition, garage, or garden.
4. The home is older than many on the street. What should I consider?
While the home has a renovated basement, the 1962 build date means core systems (roof, plumbing, electrical, insulation) may be original or dated. A thorough inspection is crucial to understand the scope of any needed maintenance or updates.
5. The neighbourhood rankings seem strong. What do they mean?
The rankings compare this property to others on the same street, in Booth, and across Winnipeg. High rankings in lot size, living area, and value indicate this home is a standout in its immediate area on those specific metrics, which can be a positive signal for underlying value.