Property Overview
35 Ravine Drive presents a compelling mix of modern convenience and established value. Built in 2009, it is a notably newer home compared to most in Winnipeg. With 1,707 sqft of living space, it offers above-average roominess for the city and the Minnetonka area, though it is on the smaller side for its specific street. The lot is a manageable 6,140 sqft, which is efficient and above the city-wide average. Its assessed value of $66,600 is strong, placing it in the top tiers for the area and city, indicating solid municipal valuation.
The appeal lies in its modern construction within a mature neighbourhood, offering move-in readiness with less immediate concern for major updates. It suits first-time buyers or downsizers seeking a modern, low-maintenance home without sacrificing space. The efficient lot size is ideal for those who prefer more home and less yard work. A thoughtful perspective is that while it's a smaller property on its street, this often translates to a more community-focused streetscape and can mean lower utility and maintenance costs compared to the largest homes on the block.
Frequently Asked Questions
1. How does the home’s size compare to its neighbours?
While the living space is generous for Winnipeg overall, it is below the average for Ravine Drive itself, where homes tend to be larger. This means you get a modern home in an established area, potentially at a different price point than the street's largest properties.
2. What does the "Elite" assessed value ranking mean?
An assessed value in the top 5% city-wide suggests the municipal valuation is significantly higher than most Winnipeg homes. This typically reflects a combination of the home's newer age, size, and the desirability of the Minnetonka area, which is a positive indicator for overall market value.
3. Is the lot size a disadvantage?
The lot is smaller than most on Ravine Drive but is still above the city average. It provides ample outdoor space while being easier and potentially less expensive to maintain than the largest yards in the area—a plus for those seeking a balance.
4. The home sold between $600k-$650k in 2021. How does that inform today’s price?
That sale price from four years ago, which ranked in the top tiers for the area and city, establishes a strong historical value baseline. Current market conditions, updates, and demand will determine today's price, but this history shows the property has been positioned in the higher market segments.
5. Who would this home not suit?
Buyers seeking a very large lot or the most square footage on the block may find it limiting. It's also not a fixer-upper project, given its modern age, so it's less suited for investors looking for a renovation opportunity to add value.