Property Overview: 205 Ravensden Drive, Winnipeg
Key Characteristics & Buyer Appeal
This well-situated one-storey home in Dakota Crossing presents a practical and value-oriented opportunity. Built in 2016, it is a notably modern property within its wider neighborhood context. Its key appeal lies in a desirable combination of a generous, above-average lot size (6,880 sqft) and a manageable, single-level living space (1,467 sqft). The home includes an attached garage and a full, unrenovated basement offering potential for future customization.
The property’s metrics suggest a balanced profile: it offers more land than most comparable homes in the area while maintaining a living area that is comfortably average for the city. Its assessed value positions it as a relatively affordable option on its own street, yet it holds strong value when viewed citywide. This home would suit first-time buyers or downsizers seeking a low-maintenance, modern layout on a sizable lot, or value-focused buyers who see potential in the unfinished basement as a project to increase living space over time.
Frequently Asked Questions
1. How does this home’s value compare to others in Dakota Crossing?
The assessed value is around the neighborhood average. However, it’s important to note that this home is newer than approximately 96% of properties in Dakota Crossing, which is a significant factor not fully reflected in that assessment.
2. What is the potential of the unfinished basement?
The basement presents a clear opportunity to add significant living space and value. Buyers should budget for finishing costs and obtain any necessary permits, but it allows for customization to suit specific needs, such as a family room, home office, or additional bedrooms.
3. Is the lot size a major advantage?
Yes. The land area is larger than about 89% of lots in Dakota Crossing. This provides ample outdoor space for gardening, recreation, or future additions like a deck or shed, which is a premium feature for a home of this age and style.
4. What does the sale history indicate?
The home last sold in July 2021 for $510,000. This recent transaction provides a solid, modern benchmark for market value, suggesting the property has been in a cycle of typical ownership turnover for the area.
5. Who might this property not suit?
Buyers seeking a fully updated, move-in-ready home with a finished basement may need to factor in renovation costs. Additionally, those requiring extensive square footage on the main floor may find the living area adequate but not expansive.