Property Overview: 110 Ravine Drive, Minnetonka, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 110 Ravine Drive presents a compelling blend of space, location, and value. Built in 1989, it offers a generous 2,327 sqft of living area, which ranks well above average for both the wider city and the Minnetonka area, providing ample room for families. The lot size of 6,729 sqft is solid, offering good outdoor space.
The primary appeal lies in its positioning within the market. The home’s assessed value is notably lower than the street average, which can indicate a different valuation approach or present an opportunity. However, its last sold price (2022, in the $600k-$650k range) was highly competitive city-wide, suggesting strong market desirability. This creates an interesting dynamic where the municipal assessment and recent market performance tell different stories, a point worth exploring for a savvy buyer.
This property would suit practical buyers looking for established, spacious family homes in a mature neighbourhood. It’s ideal for those who prioritize interior square footage and see potential in a home that may be valued moderately for its street but stands out in its broader area. The data suggests it’s a home that punches above its weight class in the city context.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home’s assessed value is below the street average. However, it sold for a price in the top 6% city-wide in 2022. This discrepancy is worth discussing with a real estate agent to understand current market valuation.
2. Is the living space considered large for the area?
Yes. With 2,327 sqft, this home is in the top 9% for living area in Minnetonka and the top 5% city-wide, making it a notably spacious property compared to most Winnipeg homes.
3. What is the neighbourhood context for this property?
On Ravine Drive itself, the home is around average for size, lot, and age. Its standout features become clearer when compared to the larger Minnetonka area and the entire city, where it ranks highly for space.
4. How old is the home, and what might that mean for maintenance?
Built in 1989, the home is 37 years old. This is newer than the city average. Buyers should factor in potential updates or maintenance common for homes of this era, such as roofing, windows, or major systems.
5. Where can I see more detailed comparisons with nearby homes?
You can use the provided link to open a neighbourhood map analysis. This tool allows you to visually compare this property with nearby houses based on year built, living area, assessed value, and lot size.