Property Overview: 73 Ravine Drive, Winnipeg
Key Characteristics & Appeal
This home at 73 Ravine Drive in Minnetonka presents a compelling blend of space, value, and a well-established neighbourhood. Built in 1998, it offers modern construction while being part of a mature community. The 2,263 sqft living area is comfortably above average for both the wider city and the local area, providing ample room for a growing family or those who value space.
The property’s standout feature is its exceptional assessed value, which ranks in the elite top 3-4% compared to nearby streets and the Minnetonka area. This suggests a strong underlying property value relative to its peers. Coupled with a generous 9,364 sqft lot—significantly larger than most on its street—it offers substantial outdoor space and potential. The home’s recent sale history indicates strong appreciation, with the 2023 sale price ranking in the top 2% city-wide.
Its appeal lies in this combination: a spacious, modern-enough home on a large lot in a desirable neighbourhood, all underpinned by a high assessed valuation. It would suit buyers looking for a long-term family home with room to grow, as well as value-conscious purchasers who appreciate metrics that indicate a solid investment within a competitive market.
Frequently Asked Questions
1. What does the "Elite" assessed value ranking mean?
It means the municipal property assessment for this home is among the highest percentages (top 2-4%) when compared to similar homes on its street, in Minnetonka, and across Winnipeg. This often reflects desirable attributes the city has factored in and can be a marker of established value.
2. Is the living space typical for the area?
The living area is slightly above average for the immediate street but ranks significantly higher (top 11%) within the broader Minnetonka area, indicating it is a more spacious home compared to most in the neighbourhood.
3. How does the lot size compare?
The lot is notably larger than most on Ravine Drive (top 7%), offering more private outdoor space than many direct neighbours. It is also above the city-wide average.
4. The home sold recently in 2023. What does that sale price indicate?
The 2023 sale price range places the home in the top 2% of city-wide sales, showing a steep increase from its 2019 sale. This suggests the market has strongly recognized the property's value in recent years.
5. Who would this property best suit?
It is ideal for buyers seeking a spacious, single-family home on a large lot in a mature neighbourhood. The strong value metrics make it particularly suitable for those who view their home as both a living space and a long-term financial asset.