Property Overview
This bi-level home at 48 Ravenhurst Street in Canterbury Park presents a practical and affordable entry point into the Winnipeg market. Built in 1997, its key characteristic is its renovated basement, adding valuable finished space to the 895 sqft main living area. The lot size of 3,465 sqft is modest for the street and neighbourhood, but offers manageable outdoor maintenance.
The appeal lies in its move-in readiness with a modernized lower level and its position as a value-conscious option. It consistently ranks below the average for size and value within its immediate area, which translates to a lower price point. This isn't a sprawling property, but a efficient one. It would suit first-time buyers, investors looking for a rental property, or downsizers seeking a single-level living footprint (with the basement providing extra room for guests or hobbies). A thoughtful perspective is that a smaller, updated home on a smaller lot can represent significant savings on both utilities and property taxes compared to larger area averages, appealing to those prioritizing financial efficiency over square footage.
Frequently Asked Questions
1. Is this a small house?
Yes, the 895 sqft living area is below average for Canterbury Park. However, the renovated basement effectively doubles the usable space, making it more functional than the main floor square footage alone suggests.
2. Why is the assessed value notably lower than nearby homes?
The assessment reflects the home's smaller lot and living area compared to neighbourhood averages. This isn't necessarily an indicator of condition, but of its scale relative to other properties, which often results in lower property taxes.
3. What does "below average" for the lot size mean for me?
The 3,465 sqft lot is manageable and requires less upkeep than larger yards. It's sufficient for a patio, garden, or play area, but may not accommodate extensive additions or a large detached garage.
4. The home sold in 2019 for $26,800. Is that the expected price today?
No, that historic sale price is not reflective of current market value. It serves as a data point for the property's history. The current assessed value is $34,100, but the market sale price will be determined by present conditions.
5. Who might this property not suit?
Buyers needing multiple large bedrooms, extensive storage, or who desire a large, private backyard may find it limiting. It's best for those comfortable with efficient use of space.