Property Summary: 320 Ronald Street, Winnipeg
Key Characteristics & Appeal
This is a well-established, one-storey home on a notably large lot in Winnipeg's Booth neighbourhood. Built in 1964, its primary appeal lies in its generous, 10,714 sqft land parcel, which ranks within the top 5% of the neighbourhood for size. This offers significant space for gardening, recreation, or future expansion. The home itself features a renovated basement and an attached garage. While the living area is modest at 1,212 sqft, the property’s assessed value is strong, ranking in the top 14% of the neighbourhood, suggesting the land value is a major driver.
Its appeal is grounded in space and stability. It suits a buyer looking for a manageable single-level home with exceptional outdoor space, or an investor who recognizes the long-term value of a large lot in a mature area. It’s a property where the true value may be more in what you can do with the land over time, rather than in the current footprint of the house.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A professional inspection is recommended to determine the finish quality, layout, and any potential moisture issues common in older homes.
2. How does the low assessed value relate to the asking price?
The assessed value of $43.4k is for municipal tax purposes and is typically much lower than market value. The more relevant figure is the 2019 sale price of $35.2k, but market conditions have changed significantly since then. The current asking price will be based on recent comparable sales and the unique lot size.
3. Is the large lot a maintenance burden or an opportunity?
This is a key consideration. The lot is over a quarter-acre, which means higher maintenance (lawn care, snow clearing) but also provides rare potential for additions, a large garden, or even subdivision, subject to city zoning bylaws.
4. The home's age is noted as 62 years. What should I be aware of?
While the basement has been renovated, major original systems like the roof, plumbing, electrical, and foundation should be carefully evaluated. Its age places it in a period before many modern building standards.
5. The rankings show the lot size is top-tier, but the living area is average. What does this mean?
This highlights the property’s profile: you are primarily purchasing land. The house is functional but not oversized. This dynamic is ideal for someone who values outdoor space over indoor square footage, or who envisions a major renovation or rebuild in the future.