Property score
90.0
Excellent
Overall 90.0 · Larger and newer than most nearby homes
2,295 sqft (top 10%) · Built in 1989 (14 yrs newer than avg)
Located in a high-income area with median household income of ~180k
Transit 68.0 · 3-min walk to transit with 1 nearby route · Within 500m: 1 healthcare facility, and 3 parks nearby
Living Area
Above average
59% larger than neighborhood avg.
Year Built
Above average
14 yrs newer than neighborhood avg.
Mother tongue
English · 79%Chinese · 4%
Past 10 years Minnetonka sales snapshot (~80% of all data)
457
410k
$369/sqft
1975
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90.0 is composed by the two sections below.
Property Score
Community Score
Minnetonka
How to read: Share of sales in each ~$50k price band for “minnetonka” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110998
$180K
Median household income
$220K
Average household income
7%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.8
P90 / P10 ratio
11%
Single-person households
42%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
118 Ravine Drive — 4 amenities found within 500 m, across 2 categories, including 1 healthcare (nearest 179 m), 3 parks (nearest 92 m).
Minnetonka · WPS public data · 2026
Annual incidents
16
2026
vs. city avg
-46%
relative to avg
Year-over-year
▼ -87%
vs. prior year
Primary type
Property
75%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Top 26% | Top 23% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This home at 118 Ravine Drive presents a compelling blend of space and established neighbourhood charm. Built in 1989, it offers generous living space on a good-sized lot, positioned within the desirable Minnetonka area of Winnipeg.
Key Characteristics & Appeal
The primary appeal of this property lies in its above-average scale and its position in a mature, established neighbourhood. With 2,295 square feet of living area, the home is significantly larger than both the city-wide and local area averages, placing it in the top 10% of homes in Minnetonka. This makes it ideal for buyers seeking ample room for a growing family, dedicated workspaces, or simply more expansive living.
The lot size of 6,734 square feet is solid, offering good outdoor space while remaining manageable. A notable and less obvious perspective is the home’s assessed value context. While its $520k assessment is high compared to most of the city and the broader Minnetonka area, it is actually one of the lower assessments on Ravine Drive itself. This suggests the street is a premium enclave, meaning you're buying into a high-calibre location, potentially at a relative value point within that specific micro-market.
This home would best suit buyers who value space over a brand-new build, appreciate the stability of a well-established neighbourhood with larger, older homes, and are savvy about the long-term value of a prime street address. It’s a property for those looking to put down roots in a community with a proven track record.
1. How does the assessed value compare to likely market value?
The assessed value of $520k is for municipal tax purposes. Market value is determined by recent sales, buyer demand, and the home's condition. The last recorded sale was between $450k-$500k in 2018. A current market appraisal or comparative market analysis would be needed for an accurate price.
2. What does it mean that the home is "older" on this street?
Built in 1989, the home is slightly older than the average on Ravine Drive (1993). This isn't a significant gap, but it may indicate that some immediate neighbours have undergone more recent renovations or updates. It underscores the importance of a thorough inspection to understand the condition of major systems like roof, windows, and HVAC.
3. Is the lot size a pro or a con?
The 6,734 sqft lot is above the city average but slightly below the average for Ravine Drive. It provides substantial private outdoor space for gardening, play, or entertaining, while likely requiring less maintenance than the largest lots on the street—a balanced offering.
4. Why is the living area considered a standout feature?
The living area is in the top 10% for Minnetonka and top 5% city-wide. This means you are getting significantly more interior space than most homes available, which is a major asset for comfort, functionality, and resale value in a market where space is at a premium.
5. What can the 2018 sale price tell me?
The previous sale price range ($450k-$500k) provides a historical benchmark. The current assessed value being higher suggests municipal assessment increases and general market appreciation over the past seven years. It’s a starting point for understanding the home’s financial history, but not a direct indicator of its present market value.
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