Property Overview: 111 Ravine Drive, Minnetonka
Section 1: Key Characteristics & Appeal
This well-situated home on Ravine Drive presents a compelling blend of space, modernity, and value within its broader context. Built in 1992, it offers a comfortable 2,294 square feet of living area, which is notably spacious compared to most Winnipeg homes, placing it in the top 5% city-wide. The lot size of 6,456 sqft provides ample outdoor space while remaining manageable.
The primary appeal lies in its strong positional value. While the home is fairly typical for its own street in terms of size and assessed value, it stands out significantly within the larger Minnetonka area and the entire city. It offers more interior space than approximately 95% of Winnipeg homes, and its assessed value is also above average for both the neighbourhood and city. This suggests you are acquiring a property that outperforms most of the market in key metrics, yet without the premium often associated with the absolute top tier of its immediate street. It would suit buyers looking for a generous, turn-key family home from a modern building era, who prioritize space and city-wide value over having the largest property on the block. A thoughtful perspective is that this home represents a "sweet spot"—it delivers elite space at a city level while maintaining a grounded, community-appropriate profile on its own street.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others in the area?
While its living space and value are around average for Ravine Drive itself, it ranks in the top 10% for size and the top 12% for assessed value within the broader Minnetonka area. City-wide, its space is in the elite top 5%.
2. What is the likely property tax based on the assessed value?
The assessed value is $59,300. Property tax would be calculated by multiplying this value by the annual municipal mill rate. You can estimate taxes by applying the current Winnipeg mill rate to this figure.
3. The home sold in 2019. What was the exact sale price?
The public data shows a sale price range of CA$550,000–$600,000 for the 2019 transaction. The listing service notes that the exact sold price can be provided upon request via email.
4. Is the lot size a disadvantage?
The lot is below the street average but is close to the area average and is actually above the city-wide average. It provides a generous, standard yard. It may be a consideration if you desire the largest lot on the street, but it is not a small property by any common measure.
5. What does the year built (1992) mean for maintenance?
A home from this era typically benefits from modern construction standards and wiring, while likely being at the stage where original components (like roofing, major appliances, or windows) may need evaluation or planned updates, which is a normal consideration for any home over 30 years old.