138 Ravine Drive

Property Overview

This home at 138 Ravine Drive presents a compelling opportunity in the Minnetonka neighbourhood. Built in 1989, it offers a well-proportioned 2,274 sqft of living space on a 6,564 sqft lot. The data suggests a property that is both established and comfortably above average in its broader context, having sold twice in recent years (2019 and 2022).

Key Characteristics & Appeal

The primary appeal of this property lies in its balanced and competitive positioning. Within its immediate area on Ravine Drive, its size, value, and lot are consistently around the neighbourhood average, indicating it fits seamlessly into a stable, established streetscape. The more compelling perspective emerges when you zoom out: compared to all of Minnetonka, the home ranks in the top 10-13% for living area and assessed value, and city-wide, its living space places it in an elite tier (top 5%). This means you get a home that feels perfectly at home on its block while offering more interior space than the vast majority of Winnipeg houses.

It would suit buyers looking for a "goldilocks" property—one that avoids the extremes of being the smallest or largest on the street, minimizing property tax surprises, while still delivering substantial space for a growing family or those who work from home. It’s a practical choice for someone who values community consistency but also wants the long-term advantage of an above-average footprint.

Frequently Asked Questions

What does the "rank" and "top X%" data actually mean for me?
It’s a relative performance indicator. For example, the home ranks in the top 5% city-wide for living area. This means 95% of homes in Winnipeg are smaller, a significant advantage for resale and livability, even if the home is average-sized on its own street.

The home sold in 2019 and again in 2022. Is that a concern?
Not inherently. The sold price ranges show healthy appreciation between those dates. A previous sale in 2022 simply means the current market value is well-established and recent, providing a clear benchmark.

How should I interpret the assessed value versus the recent sold prices?
The assessed value (for tax purposes) is significantly lower than the market-driven sold prices. This is normal. The key takeaway is that the assessed value is above average for both the area and city, suggesting the municipality views it as a substantial property, which generally correlates with market desirability.

The year built is 1989. What should I budget for?
A home of this age is likely past its major initial systems replacements. A thoughtful inspection should focus on the remaining lifespan of the roof, major appliances, windows, and the heating/cooling system, which may be nearing or have exceeded their typical 25-30 year service life.

The lot size is smaller than the area average. Is that a drawback?
The 6,564 sqft lot is actually above average city-wide. On Ravine Drive, it’s slightly below the street average but not significantly. This often translates to less yard maintenance while still providing ample private outdoor space, which can be a perk for many buyers.