Property Overview: 26 Riverhaven Grove, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling mix of modern convenience and established value. Built in 2006, it is one of the newest homes on its street and ranks among the newest in the broader Minnetonka area, suggesting less immediate concern for major system replacements. With 2,073 sqft of living space, it offers above-average roominess for both the city and the area, though it is slightly smaller than the average home on Riverhaven Grove itself.
The property’s standout feature is its exceptional assessed value. Valued at $93,200, it ranks in the top 2% in Minnetonka and the top 1% city-wide, indicating a very strong municipal assessment relative to similar properties. This, combined with its modern build, positions it as a high-value asset within its market. The lot size of 6,774 sqft is smaller than others on the street but is still above the Winnipeg average, offering a manageable yard.
This home would suit value-conscious buyers seeking a modern, low-maintenance property without sacrificing space. It’s ideal for professionals or small families who prioritize a move-in-ready home built in the 2000s, with the financial appeal of a top-tier assessment. A thoughtful perspective is that its smaller lot relative to the street could mean less upkeep, while its newer construction likely offers better energy efficiency than the city’s older housing stock.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to market price?
The assessed value is for municipal tax purposes and is typically lower than market value. However, this home’s assessment is in the elite tier city-wide, indicating the city views it as a high-value property compared to its peers, which can be a positive signal for overall worth.
2. Is the living space sufficient for a growing family?
At 2,073 sqft, the home is larger than most in Winnipeg and the local area. It should comfortably accommodate a family, though it is worth noting it is below the average size of other homes on Riverhaven Grove specifically.
3. What does the sold price history from 2017 indicate?
The home sold for an estimated $900k-$950k in 2017. This historical price, which was in the top 1% city-wide at the time, provides context for the property’s high-value trajectory and past market performance.
4. Are there any drawbacks to having a newer home on an older street?
Being one of the newest homes (built 2006) on a street where the average build year is around 2005 is a significant advantage. It suggests newer infrastructure and materials. The potential drawback is that the architectural style or lot size might differ from older, more established neighbours.
5. Why is the lot size ranked lowest on the street?
With a lot size of 6,774 sqft, this property has the smallest lot on Riverhaven Grove, where the average is nearly 10,000 sqft. This means less private outdoor space than neighbours but also translates to less yard maintenance. For the city overall, the lot is still above average in size.