Property Overview: 162 Ravensden Drive, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This single-storey home in Dakota Crossing presents a practical and straightforward opportunity. Built in 2016, it is a notably modern property within its immediate neighborhood, offering the benefits of a younger home with less concern for major system replacements. Its key characteristics include 1,204 sqft of living space, an attached garage, and a full, unrenovated basement on a 5,708 sqft lot.
The primary appeal lies in its value proposition and low-maintenance starting point. While the living space is modest for the street, its assessed value is strong citywide, suggesting a solid foundation for equity. The home suits first-time buyers or downsizers seeking a manageable, modern layout without the premium of a brand-new build. It also appeals to value-oriented investors or buyers who prefer to customize a basement to their own taste over time, seeing the unfinished space as a blank canvas rather than a drawback. A thoughtful perspective is that this home represents a "middle ground"—it’s newer than most in Winnipeg, offering modern efficiencies, yet it’s established enough to be situated in a developed community with mature infrastructure.
Frequently Asked Questions
1. How does this home compare in size to its neighbors?
At 1,204 sqft, this home has less living space than most on Ravensden Drive, where comparable homes average about 1,682 sqft. However, it is closer to the city-wide average, making it a more typically sized home for Winnipeg overall.
2. What does the assessed value indicate?
The assessed value of $48.10k is above average compared to all Winnipeg homes, which is a positive sign for its underlying value. On its own street and in Dakota Crossing, it is around or slightly below average, which may reflect its smaller size within those specific groups.
3. Is the basement finished?
No, the basement is not renovated. This presents both a cost and an opportunity, allowing the next owner to finish the space according to their own needs and budget.
4. How old is this home relative to the area?
Built in 2016, this home is significantly newer than the average Winnipeg home (1966) and is among the newest 4% of homes in the Dakota Crossing area, where the average comparable home was built around 1997.
5. What was the last sale price?
The property last sold in May 2022 for $570,000. This recent transaction provides a clear benchmark for the home’s market value at that time.