Property Overview: 277 Ronald Street
Key Characteristics & Appeal
This is a well-established one-storey home in Winnipeg's Booth neighbourhood, built in 1919 and sitting on a notably large lot of over 8,300 square feet. Its key features include a renovated basement and a detached garage. The home’s primary appeal lies in its combination of a generous, private yard—a rarity in its area—and the value-add of updated below-ground space. While the living area is modest at just over 1,200 sqft, the expansive lot offers significant potential for gardening, expansion, or simply enjoying ample outdoor space.
The property would suit a practical buyer looking for a character home with room to breathe, without the premium price tag of a fully modernized build. It’s ideal for someone who values a large outdoor area over a large interior footprint, or for a handy purchaser who sees the solid foundation and lot size as the main assets, with the home itself offering a comfortable starting point. A less obvious perspective is its strong ranking for lot size within Winnipeg (top 10%), which suggests a level of privacy and scope that is increasingly hard to find, making it a strategic long-term hold in a mature neighbourhood.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, permits, or moisture control are not provided. This would be a key area for inspection and questions for the seller.
2. How does the age of the home (1919) affect maintenance?
While the renovated basement is a plus, a home of this age will likely have older components like plumbing, electrical, and the foundation that require careful evaluation. Its recent sale in late 2023 suggests it is habitable and marketable, but a thorough inspection is essential.
3. The assessed value is notably low. Does this indicate a problem?
Not necessarily. Municipal assessments in Winnipeg are often significantly below market value and are used for tax purposes. The sold price from October 2023 ($36.5k) closely aligns with the assessed value, indicating the tax valuation is current. The market price is determined by current buyer demand.
4. What is the neighbourhood like?
The home ranks in the top quarter of the Booth neighbourhood for lot size, indicating it's on the larger end for the area. Its rankings for living area and value are around the middle of the pack locally, suggesting it fits the typical profile of the community.
5. What are the implications of such a large lot?
The nearly 8,400 sqft lot is a major asset. It provides excellent outdoor space but also comes with responsibilities: higher maintenance (lawn, landscaping) and potentially higher property taxes relative to neighbours with smaller parcels. It may also be subject to specific zoning regulations regarding future development or additions.