Property Overview

This is a 1,222-square-foot home built in 2004 on a 4,395-square-foot lot on Ravensden Drive in the Dakota Crossing area of Winnipeg. The assessed value is $478,000.

Key characteristics: The property is smaller than most homes on its street—nearly all neighbours have larger floor plans and lots. The home itself is newer than the street average (where older homes dominate), and its assessed value is notably higher than the citywide median but sits slightly below the Dakota Crossing average. In other words, it’s a relatively modest house in a neighbourhood of larger, pricier homes.

Where its appeal lies: The main draw here is land value and location, not the house itself. A buyer is paying for proximity to typical suburban amenities (schools, shopping, transit) and a lot that’s manageable rather than oversized. The house is new enough to avoid major immediate updates but old enough that it won’t carry a premium for being brand-new. The value gap between this home and others on the same street suggests room for either equity growth or a more affordable entry into a higher-value area.

Who it suits: First-time buyers who want a foothold in a decent suburban pocket without stretching for the biggest house on the block. Also, buyers who prioritize a newer build and a reasonable commute over square footage. It’s less suited for someone who needs extra space or a large yard, or who wants a home that stands out among neighbouring properties.

Frequently Asked Questions

1. How does this home compare to others in Dakota Crossing?
It’s below average in living area (bottom 31%) and slightly below average in assessed value (bottom 45%). The lot is also smaller than most in the area (bottom 19%). The year built is newer than about 82% of area homes. So you get a newer, more modest house on a smaller lot than the neighbourhood norm.

2. What does the assessed value tell me about resale potential?
The assessment is $478,000—higher than 77% of Winnipeg homes, but lower than the Ravensden Drive average of $540,700. That gap could mean this home is undervalued relative to the street, or simply reflects its smaller size. Resale strength depends on whether the neighbourhood’s desirability continues to outweigh the house’s size disadvantage.

3. Is a 4,395-square-foot lot small or average?
For Winnipeg citywide, it’s on the smaller side (bottom 32%). On this street, it’s also small—only 18% of lots are smaller. In Dakota Crossing, it’s similarly compact. That’s typical of newer infill or compact subdivisions, not spacious suburban lots.

4. How old is the home, and will it need major work soon?
Built in 2004, so roughly 20 years old. That’s the age when some mechanical systems (furnace, water heater, roof) may start approaching replacement, but a 2004 build likely has modern construction standards. A home inspection would clarify the condition of major systems, but no immediate red flags based on age alone.

5. Should I be concerned that this home ranks low on the street?
It depends on your priorities. If you want the largest or most valuable house on the block, this isn’t it. If you want to buy into a street of higher-value homes at a lower entry point, that can work—provided you’re comfortable with the size and don’t overpay relative to the house itself. The rankings show you’re buying below the street average, which can be a good strategy if the neighbourhood is stable and the house is well-maintained.