Property Overview

83 Ravenhill Road presents a solid, grounded opportunity in Winnipeg's Valley Gardens neighbourhood. Its primary appeal lies in offering above-average space and value within its immediate surroundings, making it a practical choice rather than a flashy one.

Key Characteristics & Ideal Buyer
This 1973 bungalow sits on a notably large 6,184 sqft lot, ranking in the top 4% on its own street. This is the home's standout feature, offering significant outdoor space and potential. With 990 sqft of living area, the interior space is typical for the street but below the Winnipeg city average, suggesting a home focused on efficient use rather than sprawling square footage.

Its assessed value of $334K ranks well above the street average, indicating it is perceived as a higher-quality home on Ravenhill Road. This creates an interesting dynamic: you're acquiring a top-tier property on its block, but one that remains average or below when compared to wider city metrics. This suits a pragmatic buyer—perhaps a first-time homeowner, downsizer, or investor—who prioritizes a large yard and street-level value over a massive interior. It's for someone who sees potential in the land and a well-maintained older home, not someone seeking a move-in-ready, city-wide standout.

Frequently Asked Questions

1. Is the assessed value a reliable indicator of the market price?
Not directly. The assessment is for taxation and lags behind the market. That it's above the street average is positive, but the final sale price will be determined by current market conditions, the home's interior condition, and buyer demand.

2. The living area is below the city average. Does that mean the house is small?
It's smaller than the typical Winnipeg home, but is actually very close to the average for both its street and neighbourhood. This is common for bungalows of this era. The trade-off is the disproportionately large lot.

3. What does the "Elite" ranking for the lot size actually mean?
It means that among the 92 comparable homes on Ravenhill Road, this property's lot size is one of the very largest. It's a major advantage on this specific street, offering more privacy, yard space, and potential for additions or landscaping than most of its neighbours.

4. The home was built in 1973. Should I be concerned about major repairs?
A home of this age will likely need updates to major systems like roof, windows, or plumbing. Its construction year is newer than most on its street (top 8%), which is a slight positive, but a thorough inspection is essential to understand the condition of these 50-year-old components.

5. How does this property balance value between the lot and the house?
The data suggests the value is weighted more toward the land than the structure. You are primarily investing in a large, desirable lot in a stable neighbourhood. The house itself represents average, functional space for the area. This is a key point for buyers: future equity may come more from the land value and any improvements made to the home itself.