Property Overview
71 Ravenhurst Street is a well-maintained bi-level home in Canterbury Park, built in 1997. Its key appeal lies in offering a renovated basement and a detached garage on a manageable, low-maintenance lot. The home presents a practical, move-in-ready option with a layout that efficiently utilizes its space.
Key Characteristics & Ideal Buyer
This home is characterized by its compact and efficient footprint. With 895 sqft of living space, it is notably cozier than most homes on its street and in the wider neighbourhood, suggesting a layout designed for simplicity and ease of living. The renovated basement adds valuable functional space, while the detached garage provides secure storage or workshop potential. The lot size is also below average for the area, which translates to less yard work—a feature some will see as a benefit rather than a drawback.
Its appeal is grounded in value and practicality. It last sold in 2022 for $450k, a price that was above average compared to both the street and the entire city at that time, indicating a strong perceived value for its condition and updates. It suits first-time homebuyers, downsizers, or investors looking for a property that requires minimal immediate upkeep. The bi-level design offers clear separation between living and sleeping areas, and the home’s age places it in a sweet spot: newer than the Winnipeg average, yet established enough to be in a settled community.
Frequently Asked Questions
1. Is the lot size a disadvantage?
While the land area is smaller than many comparable properties, this means lower maintenance costs and less time spent on yard work. For buyers seeking a manageable property, this is a practical advantage.
2. How does the living space feel given its below-average square footage?
The bi-level design and renovated basement help to distribute the living areas across multiple levels, which can make the home feel more spacious than the square footage suggests. Efficient use of space is key here.
3. Why did it sell for above the city average in 2022?
The sale price likely reflects the home's updated condition (specifically the renovated basement), its desirable age (newer than the city median), and the strong market conditions at the time. It suggests buyers placed a premium on its move-in readiness.
4. What is the neighbourhood context for this property?
In Canterbury Park, this home's assessed value is around the neighbourhood average, but its living and land space are below average. This positions it as a more affordable entry point into the area, offering the community benefits without the premium for larger square footage.
5. What might the assessed value indicate?
The assessed value is notably lower than the 2022 sale price, which is common. It serves primarily for municipal tax calculations. Buyers should focus on recent sale prices and current market conditions for an accurate valuation.