Property Overview: 1392 Ravelston Avenue W, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home presents a compelling profile defined by its exceptional lot and strong value positioning within its immediate neighborhood. The standout feature is the 22,000 sqft land area, which ranks in the top 4% of lots on its street and in the Peguis area, and the top 1% city-wide. This offers rare potential for expansion, gardening, or outdoor living. Built in 1964, the house itself is older than most in the broader Peguis area but is actually newer than many on its own street. With 1,188 sqft of living space, it is comfortably above average for its street but more modest compared to newer area homes.
The appeal lies in a clear value proposition: a high assessed value relative to its street (top 8%, significantly above the $310.9k street average) on a premier lot, suggesting the property is a leading investment on its block. It suits a buyer who prioritizes land size over a large or modern house footprint—ideal for someone looking for a solid foundation in a established neighborhood, with the vision to potentially update the home itself while enjoying an outsized, private yard that is increasingly rare to find.
Frequently Asked Questions
1. How does the home’s value compare to recent sales?
The property last sold between $400k-$450k in January 2021. Its current assessed value of $452k is above average for its street and city-wide, indicating appreciation and strong valuation for the area.
2. Is the house outdated given its age?
While built in 1964, it is newer than the average home on Ravelston Avenue W. Its condition would need to be verified via a viewing and inspection, as the value appears to be significantly driven by the land asset.
3. What does the "Elite" ranking for land area mean practically?
It means the lot is exceptionally large compared to peers. With 22,000 sqft, it is nearly four times the average lot size on its street (5,588 sqft), offering substantial privacy and space uncommon in the city.
4. The living area seems smaller than the Peguis average. Why?
The home is older than many in the broader Peguis area, where average homes are newer and larger. Its living space is more aligned with the older, established character of its specific street, where it is actually above average in size.
5. How can I get the exact historical sold price?
The exact sold price is not publicly displayed due to data source rules. You can request the exact figure by emailing the site directly; they will provide a manual lookup without using your email for marketing.