Property Overview
This 1997 bi-level home at 39 Ravenhurst Street in Canterbury Park is a compact, efficiently laid-out property. Its key appeal lies in its renovated basement and detached garage, offering functional space on a manageable lot. The home is notably smaller in both living area (895 sqft) and land size (3,343 sqft) compared to most neighbours and the wider city, which positions it as a lower-maintenance option. Its assessed value is consistently around the average for its immediate area, suggesting a stable, mid-range valuation. This property would best suit first-time buyers, downsizers, or investors seeking an affordable entry into the Winnipeg market with some modern updates and without the burden of a large yard or excessive square footage to maintain. A thoughtful perspective is that its smaller scale could mean lower utility costs and property taxes relative to larger homes, while the renovated basement adds flexible living space not reflected in the main floor square footage.
Frequently Asked Questions
Is the smaller lot size a disadvantage?
While the land area is below average for the street and neighbourhood, it translates to less yard work and lower exterior maintenance costs, which can be a significant benefit for buyers seeking a manageable property.
How does the 2016 sale price relate to today’s value?
The 2016 sale of $27,500 is a historical data point. The current assessed value of $36,800 provides a more recent benchmark, but the final market value will be determined by current conditions, the home’s updated state, and buyer demand.
What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. A buyer should inquire about the permits, quality of finishes, and whether it includes added bedrooms, a legal suite, or simply finished living space.
Who might this home not suit?
It may not suit growing families needing multiple large bedrooms or ample indoor living space, or buyers who prioritize a large yard for gardening or recreation. The compact living area requires efficient use of space.
How does its age (1997) affect the home?
Built in 1997, the home is newer than the Winnipeg city average, potentially meaning fewer major age-related replacements (like roofing or windows) compared to much older stock. However, key components like the furnace or water heater may be nearing or past their typical lifespans and should be inspected.