Property score
80.7
Excellent
Overall 80.7 · Larger but older than most nearby homes
1,736 sqft (top 24%) · Built in 1960 (15 yrs older than avg)
Located in a high-income area with median household income of ~117k
Transit 70.0 · 1-min walk to transit with 1 nearby route · Within 500m: 6 parks nearby
Living Area
Above average
21% larger than neighborhood avg.
Year Built
Below average
15 yrs older than neighborhood avg.
Mother tongue
English · 78%Chinese · 4%
Past 10 years Minnetonka sales snapshot (~80% of all data)
457
410k
$369/sqft
1975
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80.7 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: #46110997
$117K
Median household income
$144K
Average household income
2%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
16%
Single-person households
29%
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
248 Riel Avenue — 6 amenities found within 500 m, across 1 categories, including 6 parks (nearest 157 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 2% | Top 13% | Top 12% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 44% | Bottom 42% | Top 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 248 Riel Avenue, Winnipeg
Key Characteristics & Appeal
This home on Riel Avenue in Minnetonka is defined by a rare and valuable combination: a generously sized house on an exceptionally large lot. With 1,736 sqft of living space, the home is significantly larger than most in its immediate area and across Winnipeg. Its true standout feature, however, is the land. At over 22,000 sqft, the lot size ranks in the top 1% compared to homes on its street, in Minnetonka, and city-wide. This offers unparalleled potential for privacy, gardening, expansion, or future development, setting it apart from typical suburban lots.
The appeal lies in this unique balance of a comfortable, above-average sized home from 1960 on a truly expansive, park-like property. It suits buyers who prioritize outdoor space and long-term potential over a recently built home. It’s an ideal fit for families seeking room to grow, multi-generational living possibilities, or anyone with hobbies or pets that benefit from extensive yard space. The assessed value is notably high for the street, reflecting these premium characteristics. While the home itself is older, its size and, most importantly, the scale of its land present a compelling opportunity not commonly found in the market.
Frequently Asked Questions
1. What does the "Elite" ranking for Land Area actually mean?
It means this property's lot size of 22,134 sqft is larger than 99% of comparable homes on Riel Avenue, in the Minnetonka area, and across the entire city of Winnipeg. It is a truly exceptional parcel of land.
2. The home was built in 1960. What should I consider?
While the living space is ample, a home of this age will likely require updates to its major systems (like plumbing, electrical, and HVAC) and interior finishes. The value proposition here is the land and the existing home's footprint; budget accordingly for modernization to suit your taste and needs.
3. How does the high assessed value impact property taxes?
A higher assessed value typically results in higher municipal property taxes. The assessed value of $52.50k is in the top 3% on its street, so you can expect the tax bill to reflect this premium valuation compared to neighboring properties.
4. The sold price history shows a significant jump between 2019 and 2021. Why?
The increase from the $350k-$400k range in 2019 to $500k-$550k in 2021 likely reflects the strong market conditions of that period and may also indicate significant improvements made to the property between those sales. For the exact sold prices, you can request the information via the provided email service.
5. What are the potential uses for such a large lot?
Beyond a spacious backyard, possibilities could include adding a large garage or workshop, creating separate garden or recreational areas, or even exploring future subdivision potential (subject to strict city zoning and approval processes). The lot offers exceptional flexibility.
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