Property Summary: 325 Booth Drive
Key Characteristics & Appeal
This two-storey home, built in 1965, is situated on a large, mature lot of over 9,000 square feet in Winnipeg's Booth neighbourhood. Its primary appeal lies in its established setting and above-average space, both indoors and out. With 1,908 sqft of living area, the home offers more room than most in its immediate area and across the city. A key feature is its renovated basement, adding functional living space. The property includes a detached garage.
Its standout characteristic is its strong positional ranking within a desirable context. The lot size, living area, and assessed value all rank in the top 15-20% on its own street and in the wider Booth area, suggesting it is a larger, more valuable property within a well-regarded locale. This creates a compelling value proposition: a home that feels premium for its immediate community without the premium price tag of the city's most exclusive districts. It last sold in mid-2020.
This home would suit buyers looking for a spacious, established property in a mature neighbourhood. It’s ideal for those who prioritize lot size and interior square footage over a brand-new build, and who see value in a home that stands out positively against its direct neighbours. The renovated basement also appeals to those needing flexible space for a family, home office, or recreation.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is for municipal tax purposes and is typically lower than market value. The home last sold for $360,000 in 2020, which is a more relevant, though historical, benchmark. Current market conditions will determine the final price.
2. What does the "ranking" data actually tell me?
These percentiles show how this property compares to others. For example, its lot size is in the top 13% on its street, meaning 87% of lots on Booth Drive are smaller. This quantifies the intuitive feeling of it being a "large lot on the block."
3. The home is 60 years old. What should I consider?
While the basement is noted as renovated, a home of this age will have core systems (roof, plumbing, electrical, windows) that may be original or nearing the end of their service life. A thorough inspection is essential to understand the condition and any upcoming capital costs.
4. Is a detached garage a pro or a con?
It depends on preference. It provides excellent storage or workshop space separate from the house. However, it means walking outdoors to your vehicle in Winnipeg winters, which some find less convenient than an attached garage.
5. The neighbourhood rankings are high, but the home itself is older. What's the takeaway?
This data suggests you are buying into a stable, established area where the land and location hold significant value. The appeal is the setting and the scale of the property itself, with the understanding the house may require updates or maintenance consistent with its age.