Property Overview & Appeal
78 Riverhaven Grove is a substantial, modern family home built in 2004, situated on a large lot in Winnipeg's Minnetonka area. Its primary appeal lies in its significant scale and premium positioning across key metrics. The home offers over 3,300 square feet of living space, placing it in the top 1% citywide and top 8% on its own street. It sits on a 13,487 sqft lot, which is notably larger than most in the city (top 3%) and the immediate neighbourhood.
The property suits buyers looking for a move-in ready, spacious home from the 2000s, who value ample indoor and outdoor space without the maintenance concerns of an older property. It’s ideal for a growing or multi-generational family needing room to spread out. A thoughtful perspective is that while the home is newer on a city-wide scale, it is average for its specific street, suggesting a consistent, established character in the immediate area. The assessed value of $1.38M confirms its elite market position, appealing to buyers seeking a long-term home in a prime area with strong value retention.
Frequently Asked Questions
How does this home compare to others on the street?
It ranks above average in size, value, and lot size on Riverhaven Grove. Its living area is in the top 8% of 25 homes on the street, and its lot is in the top 16%. The year built (2004) is around the street's average.
What does the sold price history indicate?
The home sold in 2022 for an estimated $1.45M-$1.5M. This sale price placed it in the top 1% for the wider area and city at that time, indicating strong market demand for properties of this caliber.
Is the lot size a significant feature?
Yes. The 13,487 sqft lot is a standout feature, ranking in the top 3% citywide. It offers considerable outdoor space, which is a rare find compared to the Winnipeg average lot of about 6,570 sqft.
Why is the year built relevant?
Built in 2004, the home is newer than most in Winnipeg (top 15% citywide) and significantly newer than the Minnetonka area average (top 4%). This suggests modern construction standards, likely with fewer major immediate renovations needed compared to older stock.
How is "Elite" or "Top %" ranking determined?
These rankings compare the property against all homes in Winnipeg, in the Minnetonka area, and on its specific street for metrics like living area, assessed value, and lot size. "Elite" (Top 1%) means it outperforms 99% of comparable properties for that metric in that geographic group.