Question of the week:

How much is a ravine lot premium?

How much does have a ravine/green space at the rear boost a property’s value vs comparables?


For more context, it backs on to trees with a walking path and a stream. No chance of future development.

Nicks answer: 

Hey u/Gullible-cynic,


The politician’s answer here is “it depends.” The guesstimate is 5-10% premium, but that can vary a lot. It depends upon:


  • How big the lot is
  • How accessible the green space is to the property (is there a gate in the back that makes it easy to get to a trail?)
  • Is the green space maintained, or is it wild and potentially a haven for mosquitoes or other pests?
  • How heavily travelled is the walking path, and can it see into the yard.
  • Are there other nuisances that might negate the benefit (eg: a noisy road behind the green space)?
  • What is the lot you’re comparing it to?


Ideally, a couple of other homes have sold on the street/in the neighbourhood that can be compared on the ravine/interior side which will give you your best idea. What you describe (forested green space with a walking path) is pretty close to ideal if it’s a quiet area. If not, look for similar areas in that part of town and extrapolate from sold records in that area.


Source: I’m a Realtor in Ottawa, Ontario.

You might also like …

Buyer Tips • Laws + Rules • News • Weekly Features — 2023/09/27

Exception to Canada’s Foreign Buyer’s Ban: Temporary Residents Now Eligible To Purchase Homes


Investing • Weekly Features — 2023/09/27

410 Cambridge St. S

Max’s Deal of the Week

Buyer Tips • Weekly Features — 2023/09/20

A Realtor’s Guide to Home Touring


Get one-on-one advice