Property score
49.6
Below average
Overall 49.6 · Smaller and older than most nearby homes
650 sqft (bottom 1%) · Built in 1942 (33 yrs older than avg)
Located in a high-income area with median household income of ~106k
Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 1 dining spot, 1 school, 2 parks, and 1 bank/ATM nearby
Living Area
Below average
55% smaller than neighborhood avg.
Year Built
Below average
33 yrs older than neighborhood avg.
Mother tongue
English · 76%French · 6%
Past 10 years Minnetonka sales snapshot (~80% of all data)
457
410k
$369/sqft
1975
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49.6 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: #46111002
$106K
Median household income
$113K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
17%
Single-person households
34%
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
130 Riel Avenue — 5 amenities found within 500 m, across 4 categories, including 1 dining (nearest 448 m), 1 education (nearest 236 m), 2 parks (nearest 244 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 6% | Bottom 4% | Bottom 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 130 Riel Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct profile defined by its modest scale and significant lot size. Its 650 sqft living area is notably compact, ranking it among the smallest homes in its immediate area and city-wide. Built in 1942, it is a character property with considerable age. The primary standout feature is its 5,999 sqft lot, which is proportionally very generous for the home's size and is around the average for the neighborhood. The assessed value is low relative to the street and area, but aligns more closely with the city-wide average for comparable properties.
The appeal lies in a clear value proposition: a low entry point into homeownership with land potential. It suits a specific buyer: someone seeking an affordable footprint, comfortable with a renovation or maintenance project inherent to an older home, and who values outdoor space over interior square footage. A thoughtful perspective is that this could be a strategic "land play" for a buyer with future expansion in mind, or for an investor seeking a rental property with lower upfront costs and a manageable scale. It is less suited for those requiring move-in-ready finishes or spacious, modern interiors.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the last sold price range?
Assessed values in Manitoba are primarily for municipal tax purposes and may not reflect current market value. The last sale (2019) fell between $250k-$300k, which is the more relevant indicator of its market price, while the $30.4k assessment is a tax valuation.
2. Given its age, what should I be most concerned about?
A home built in 1942 will likely have older major systems (like plumbing, electrical, and the foundation). A thorough inspection is essential to understand the condition and anticipate potential updates or repairs needed for safety and efficiency.
3. The home is very small. Is there room to expand?
The lot size is a key asset here. At nearly 6,000 sqft, there is significant outdoor space, suggesting potential for an addition or renovation to increase living area, subject to local zoning and permit approvals.
4. How does the sold price compare to the neighborhood?
The previous sale price range ($250k-$300k) ranked in the top 94% on its street and top 96% in the Minnetonka area, meaning it was historically priced higher than most immediate neighbors. This suggests the property may have perceived value or features not fully captured by the basic metrics.
5. Where can I see more context about this specific location?
You can open the dedicated neighbourhood analysis page to view this property on a map alongside nearby houses, allowing for a detailed visual comparison of year built, lot size, and other metrics with its direct neighbors.
