Property Overview
47 Ravenhurst Street is a bi-level home in Canterbury Park, built in 1997. Its key appeal lies in offering a renovated basement and a very manageable scale, presenting a clear value proposition for a specific type of buyer.
Key Characteristics & Ideal Buyer
This home stands out for its efficiency and lower financial barrier to entry. With 895 sqft of living space and a lot size that is modest for the area, it requires less upkeep and carries lower property taxes than many area homes, as reflected in its below-average assessed value. The recently renovated basement adds functional living space. Its 1997 build date means it’s newer than many city homes, potentially reducing concerns over major aging components.
The property’s appeal is grounded in practicality. It would suit a first-time homebuyer seeking an affordable entry into the Winnipeg market, an investor looking for a manageable rental property, or a downsizer wanting to reduce maintenance and costs without leaving the neighbourhood. It’s a home for those who prioritize financial efficiency and a simplified footprint over expansive square footage.
Frequently Asked Questions
Is the lot size a disadvantage?
While the land area is smaller than many area homes, it translates to less yard maintenance and lower associated costs, which can be a positive for buyers seeking simplicity.
What does “below average” assessed value mean for taxes?
A lower assessed value typically results in lower municipal property taxes compared to similar homes in the area, which is a ongoing financial benefit.
How updated is the home?
The listing specifically notes a renovated basement, suggesting modernized living space. The condition of the main level and major systems (roof, furnace) should be verified via a viewing and inspection.
Is this a good investment for the area?
Given its price point and lower operating costs, it could offer solid rental yield potential or an affordable entry into a stable neighbourhood, appealing to investor buyers.
Why is the sale price history from 2022 relevant?
The 2022 sale provides a recent market benchmark, showing the home’s value trajectory. Comparing that price to the current asking price can help gauge market movement and seller expectations.