Property Overview
This bi-level home at 40 Ravenhurst Street in Canterbury Park presents a practical and affordable entry point into the Winnipeg market. Built in 1997, its key characteristics include a renovated basement, a detached garage, and a land area of just over 4,000 sqft that is typical for the immediate street and neighbourhood. The living space, at 895 sqft, is notably compact compared to area averages, indicating a home focused on efficiency over size.
The appeal lies in its relative modernity within a city-wide context, its move-in-ready basement, and its position as a value-conscious option. It suits first-time buyers, downsizers, or investors looking for a manageable property with a good lot size in a stable neighbourhood. A thoughtful perspective is that while the home's footprint is smaller, the generous lot offers valuable outdoor space and future potential that many newer, denser developments lack. Its assessment and recent sale price are consistently average for its immediate area, suggesting a stable, non-speculative value.
Frequently Asked Questions
1. Is this a small house?
Yes, the 895 sqft of living area is below average for both the street and the wider Canterbury Park area. This makes it a compact, efficient layout ideal for those seeking minimal upkeep and lower utility costs.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This is a key detail to clarify with the seller or listing agent, as it could range from cosmetic updates to a fully developed secondary living space.
3. How does the lot size compare?
At 4,061 sqft, the lot is very typical for Ravenhurst Street and Canterbury Park, but below the city-wide average. This means you get a standard suburban yard for the neighbourhood without excessive maintenance.
4. Why is the assessed value so much lower than the city-wide average?
The city-wide average assessed value includes all property types across Winnipeg. This home’s assessment is directly in line with similar properties in its own neighbourhood and street, which is a more relevant comparison for understanding its market position.
5. What is the significance of the home's age being "above average citywide"?
Built in 1997, this home is newer than the typical Winnipeg house (city-wide average year built is 1966). This can suggest potentially fewer major age-related maintenance issues compared to much of the city's older housing stock.