1-242 Ravenhurst Street

Property Overview

This 1,312 sqft home at 1-242 Ravenhurst Street in Canterbury Park is a modern, above-average offering in a well-established neighbourhood. Built in 2019, it stands out for its newness compared to most area homes. Its appeal lies in offering contemporary living in a mature setting without the need for immediate updates. The property is particularly suited to first-time buyers or downsizers seeking a low-maintenance, move-in-ready home, or to investors attracted by a newer asset in a stable area. A thoughtful perspective is that while it lacks a garage, its modern construction likely offers better energy efficiency and fewer near-term repair concerns than many neighbouring properties, potentially offsetting that trade-off for the right buyer.

Key Details & FAQs

• Year Built: 2019
• Living Area: 1,312 sqft
• Assessed Value: $360,000
• Basement: Yes (not renovated)
• Garage: None
• Last Sale: February 2021 for $311,000

Frequently Asked Questions

1. How does this home compare to others in the area?
It ranks exceptionally well for its newness. It’s in the top 2% of Canterbury Park for year built, as most homes there average from 1986. It’s also significantly larger than the neighbourhood average of 939 sqft.

2. Is the assessed value a reliable indicator of the listing price?
The assessed value ($360,000) is a municipal valuation for tax purposes, not a market price. The last sale was in 2021 for $311,000. A current market valuation would require a professional appraisal considering today’s conditions.

3. What does “basement, not renovated” mean?
It indicates the home has a basement, but it is in an unfinished or original state. This could be seen as a blank canvas for future expansion, but any development would be an additional project and cost.

4. The home has no garage. What are the parking options?
The listing specifies no garage. Buyers should inquire about dedicated driveway parking or on-street permit requirements. The presence of several adjacent units (2-242, 3-242, etc.) suggests this is likely a multi-unit property, so parking arrangements should be verified.

5. The rankings show it’s “above average” city-wide for size, but only “top 19%.” Why?
While its 1,312 sqft is above the Winnipeg average (~1,042 sqft), the “top 19%” ranking means over 80% of comparable city homes are larger. It’s a spacious home for its immediate area, but not exceptionally large compared to all Winnipeg properties.