Property Overview
54 Riverhaven Grove is a spacious, modern family home in Winnipeg's Minnetonka neighbourhood. Built in 2006, it offers nearly 2,900 square feet of living space. The property stands out for its generous interior size compared to most homes in the city, while its lot size is more typical for the local area. It last sold in the 2021-2022 period.
Key Features & Ideal Buyer
The primary appeal of this home is its substantial and modern living space within a well-established neighbourhood. With 2,882 sqft, it ranks within the top 2% of homes in Minnetonka and the top 1% city-wide for interior size, offering significant room for a growing or multi-generational family. Built in 2006, it is one of the newer homes on its street, likely meaning fewer major maintenance concerns and modern building standards.
Its assessed value places it among the elite properties across the wider city and area, though it is more average when compared directly to its immediate neighbours on Riverhaven Grove. This suggests you are buying into a premium street where this home holds its own. The lot, at just over 7,300 sqft, is smaller than others on the same block but is still above the Winnipeg average, providing a manageable yard.
This property would best suit buyers who prioritize abundant, modern living space over an exceptionally large lot. It’s ideal for professionals or families seeking a move-in-ready home in a desirable area without the upkeep of a massive yard. The data indicates it offers a "best of both worlds" scenario: a top-tier interior footprint in a solid neighbourhood, without the premium lot size that often accompanies such homes.
Frequently Asked Questions
1. How does the lot size impact the property's value and appeal?
While the lot is smaller than most on its specific street, it remains larger than the typical Winnipeg lot. This may appeal to buyers who want outdoor space but prefer less maintenance. The value is driven more by the home's size and modernity.
2. What does the assessed value tell us about the property's position in the market?
The assessment is elite compared to the entire city and Minnetonka area, confirming its high market tier. That it's average on its own street indicates Riverhaven Grove is a consistently high-value block, which is a positive for long-term stability.
3. The home sold recently in 2021. What should I consider?
As a relatively recent sale, any price appreciation since 2021 would reflect strong market trends in this desirable area. It also suggests the current owners have likely undertaken only short-term updates, so buyers should inquire about any improvements made in the last four years.
4. Is the "top 1%" living area a significant advantage?
Absolutely. This places the home's square footage in rare company city-wide. For the price point, it indicates you are getting more interior space than the vast majority of homes in Winnipeg, which is a major efficiency in cost per square foot.
5. Why is the year built (2006) an important factor?
A 2006 build date means the home is modern enough to avoid many costly issues found in older homes (like knob-and-tube wiring or aged plumbing), but it's also past the initial "shakedown" period where any construction defects would have surfaced. Major components like the roof and HVAC may be nearing their expected lifespan, so an inspection is wise.