301 Ronald Street

Property Summary: 301 Ronald Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated one-storey home in the Booth neighbourhood is defined by its exceptionally large, approximately 12,600 sq ft lot, placing it in the top tier for land size locally. The home itself offers 1,435 sq ft of living space, which is notably spacious for the immediate street. Key features include a renovated basement and a detached garage. Built in 1965, the house is of a vintage common to the area, but its standout appeal lies in the land and its strong positional value. The property consistently ranks highly for its lot size, assessed value, and recent past sale price compared to its street, neighbourhood, and the wider city, suggesting a solid and desirable footprint.

Its primary appeal is for the buyer who values space and potential over a turn-key modern build. It perfectly suits someone looking for a large, private yard for family, gardening, or future expansion, set on a quiet, established street. The renovated basement adds functional living space. The strong comparative rankings indicate a property that has historically held its value well in multiple metrics, making it a prudent choice for a long-term holder or an owner willing to gradually update the home to match the premium lot it sits on.

Section 2: Frequently Asked Questions (FAQs)

1. What does the "ranking" data actually mean?
The rankings compare this property against similar data points (like lot size or assessed value) on its street, in Booth, and across all of Winnipeg. A "Top 3%" rank for lot size in the neighbourhood, for example, means 97% of properties in Booth have a smaller land area.

2. The house was built in 1965. What should I consider?
While the basement has been renovated, a home of this age will likely have original or older core components (like roofing, windows, plumbing, or electrical) that may require inspection, maintenance, or updating to modern standards and efficiency.

3. How significant is the lot size?
At over a quarter-acre, the lot is a major feature. It offers rare privacy and space for outdoor activities, gardens, or potential additions like a shed, patio, or even a future garage. This is often the most compelling and irreversible asset of the property.

4. The assessed value is $43.1k, but it sold for $46.6k in 2021. Why is this relevant?
This shows the market recently valued it above its municipal assessment. The consistent top-tier rankings for both metrics suggest the property is considered desirable within its market context, but the sale price is a concrete market data point from just over two years ago.

5. Who might this property not suit?
It may not suit buyers seeking a new, low-maintenance build or those unwilling to potentially invest in updates to a nearly 60-year-old home. The value here is grounded in space and location rather than modern finishes or systems.