Property score
63.7
Fair
Overall 63.7 · Smaller and older than most nearby homes
988 sqft (bottom 21%) · Built in 1970 (5 yrs older than avg)
Located in a high-income area with median household income of ~106k
Transit 92.0 · 4-min walk to transit with 5 nearby routes · Within 500m: 9 dining spots, 1 school, 2 healthcare facilitys, and 2 shops nearby
Living Area
Below average
31% smaller than neighborhood avg.
Year Built
Below average
5 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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63.7 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
23 Riverbend Avenue — 25 amenities found within 500 m, across 8 categories, including 9 dining (nearest 176 m), 1 education (nearest 348 m), 2 healthcare (nearest 188 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 | Top 43% | Bottom 34% | Top 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 23 Riverbend Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home presents a practical and value-oriented opportunity in Winnipeg's Minnetonka neighbourhood. Built in 1970, it is a newer construction compared to many on its street, offering potential advantages in systems and upkeep. The 988 sqft living space is modest and below average for the area, suggesting a manageable layout ideal for simplifying or downsizing. Its standout feature is the 6,833 sqft lot, which is notably larger than the typical Winnipeg property, providing valuable outdoor space and future potential.
The appeal lies in its balance of a newer build on a generous lot, coupled with an assessed value that is consistently around the average for its immediate vicinity. This creates a scenario where the land itself represents a significant portion of the property's value. It last sold in the $300k-$350k range in 2024, positioning it as an accessible entry point.
This property would best suit a first-time buyer comfortable with a cozier interior footprint who prioritizes yard space, or an investor looking for a land-value play with a steady rental history. It’s also a candidate for someone seeking a lower-maintenance base with room to eventually expand, given the lot size.
Frequently Asked Questions
1. Is the house smaller than others nearby?
Yes. At 988 sqft, the living area is below the average for Minnetonka (1,439 sqft) and for the city overall. This indicates a more compact, efficient layout.
2. What does the "above average" year built ranking mean for the street?
It means the home, built in 1970, is newer than most on Riverbend Avenue, where the average build year is 1958. This can suggest updated foundational components compared to neighbouring houses.
3. Why is the lot size considered "above average" city-wide?
The lot is 6,833 sqft, which is larger than the Winnipeg average of ~6,570 sqft. This is a key asset, offering more private outdoor space than many city properties.
4. How does the assessed value compare?
The assessed value of $38,10k is around the average for the street and the Minnetonka area. City-wide, average values are higher, but this reflects the specific market of this neighbourhood.
5. What can the 2024 sale price range tell me?
The recent sale in the $300k-$350k range provides a concrete market benchmark from within the past year, showing the price point at which it last changed hands in the current market.
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