Property Summary: 194 Ravensden Drive, Winnipeg

Key Characteristics & Buyer Appeal

This well-situated one-storey home in Dakota Crossing is a practical and modern offering. Built in 2016, its key appeal lies in its balance of being a relatively new build within an established neighbourhood, requiring less immediate upkeep than older homes. With 1,499 sqft of living space and a renovated basement, it provides comfortable, efficient living without excessive size. The attached garage and a standard residential lot round out the package.

Its value proposition is clear in the data: while the home's size and lot are average for its immediate street, it stands out significantly within the wider Dakota Crossing area and citywide for its Assessed Value and Year Built. This suggests you are getting a newer, well-assessed property compared to many in the broader market. It particularly suits first-time buyers or downsizers seeking a modern, low-maintenance home in a convenient suburban location, or investors attracted to a property with strong assessed value fundamentals for its area.

Frequently Asked Questions

1. Is this a good value for the area?
The data indicates strong value. While average on its own street, this home's assessed value is in the top 15% for Dakota Crossing and top 11% citywide, and its build year is in the elite top 4% for the neighbourhood, suggesting a premium asset for the area.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to request from the listing agent to understand the home's full living space and potential.

3. How does the 2016 build year benefit a buyer?
A 2016 build means major components like the roof, HVAC, windows, and appliances are likely still within or approaching their typical lifespan, potentially reducing near-term replacement costs compared to an older home.

4. The home sold in 2016 for $39,900. Why is the assessed value now $56,400?
The 2016 sale price was likely for the brand-new construction, possibly the lot and build cost. The current assessed value reflects the market value of the completed home and property after nearly a decade, influenced by market conditions, improvements, and the established neighbourhood.

5. Who might this property not suit?
Buyers seeking a very large lot, extensive square footage, or a unique character home may find this property too standard. Its metrics show it is a solid, average-sized home in its immediate vicinity, appealing for its modernity and condition rather than grand size or uniqueness.