Property Overview
This home at 5-242 Ravenhurst Street in Canterbury Park presents a compelling mix of modern build and established neighbourhood value. Built in 2019, it is a notably newer property compared to most in its immediate area and across Winnipeg. With 1,312 sqft of living space, it offers significantly more room than the typical Canterbury Park home, ranking in the top 3% of the neighbourhood for size. Its current assessed value is $360,000.
The appeal lies in its position as a modern, spacious dwelling within a mature community. It suits buyers looking for a move-in ready home without the quirks or immediate renovation needs of an older property, but who still want the established trees and character of a long-standing neighbourhood like Canterbury Park. It’s particularly well-suited for small families or professionals who need the space and appreciate a newer mechanical system (roof, furnace, etc.) for peace of mind. A thoughtful perspective is that while it has no garage, its newness offsets some of the storage or workshop trade-offs, and the premium in assessed value reflects its standout characteristics in the area.
Frequently Asked Questions
1. How does this home compare to others on the street and in the neighbourhood?
It stands out for being newer and larger. On Ravenhurst Street, it's in the top 14% for size. In the broader Canterbury Park area, it ranks in the elite top 3% for living area and top 5% for assessed value, as most homes there are older and smaller.
2. What does the sale history indicate?
The home last sold in December 2020 for $305,000. The current assessed value of $360,000 reflects market changes and the property's standout attributes in the years since.
3. Is there a basement or garage?
The home includes a basement, noted as not renovated. There is no garage on the property.
4. The assessed value seems high for the area. Why is that?
The $360,000 assessment is high relative to neighbourhood averages because it’s a much newer (2019) and substantially larger home than the Canterbury Park typical, factors which are heavily weighted in property assessment.
5. What are the immediate next-door properties like?
The listing suggests this is likely a multi-unit building or a row of similar properties, as the addresses listed as "0 m" away are 1-242, 2-242, 3-242, 4-242, and 6-242 Ravenhurst Street.