Property Overview & Key Characteristics
94 Ravine Drive is a distinguished property in Winnipeg's Minnetonka neighbourhood, defined by its exceptional scale and premium positioning. The home's primary appeal lies in its generous proportions, featuring a 2,762 sqft living area and a substantial 13,731 sqft lot. These dimensions place it in the top 5% of homes on its street and the top 3% within Minnetonka, offering rare space for expansion, privacy, and landscaping. Built in 1990, it is notably newer than many city-wide comparables, suggesting potentially fewer major age-related updates than a brand-new build but also a more modern layout than older stock.
Its assessed value of $87.30k is the highest on Ravine Drive, indicating its established status as a top-tier property in the immediate area. This home would perfectly suit buyers who prioritize lot size and interior space above all, looking for a established home in a desirable area. It’s ideal for a growing family seeking room to thrive, or for someone who values the potential that a large, private yard provides. A less obvious perspective is that this property represents a "value anchor" on its street—its high assessment can positively influence the perceived value of neighbouring homes, making it a benchmark property in the community.
Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The assessed value for taxation purposes is $87.30k, which is the highest on the street. However, market price is determined by current buyer demand. The last recorded sale was between $800k-$850k in 2016. For a precise sales history, you can request the exact sold price data via email from the site.
2. What does the "Elite" ranking for land area actually mean for me?
Ranking in the "Elite" top 2% on Ravine Drive for land area means this property has the largest lot on the street. Compared to the street average of about 7,195 sqft, this lot is nearly double the size, offering significant privacy, recreational space, and future development potential that is uncommon in the area.
3. The home was built in 1990. What should I consider regarding its age?
While newer than the city-wide average, a 1990 build means core components like the roof, windows, HVAC system, and major appliances are likely at or beyond their typical lifespan. A thorough inspection is crucial to budget for any necessary updates or replacements, though the structure itself benefits from modern building codes of its era.
4. The living area is large, but how does the layout compare to newer homes?
At 2,762 sqft, the space is ample. However, homes from the 1990s often feature more compartmentalized room designs compared to today’s open-concept trends. Consider whether the layout suits your lifestyle or if you are open to renovation to modernize the flow.
5. Why is the city-wide average assessed value shown as $390k when this home's is $87.30k?
This appears to be a notable discrepancy in the provided data. It is essential to clarify this figure directly with the listing source or a local real estate professional, as the $390k city-wide average does not align with the other contextual values presented and may be a data error.