Property score
62.7
Fair
Overall 62.7 · Smaller than most nearby homes
988 sqft (bottom 21%) · Built in 1973 (2 yrs older than avg)
Located in a high-income area with median household income of ~104k
Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 4 parks nearby
Living Area
Below average
31% smaller than neighborhood avg.
Year Built
Near average
2 yrs older than neighborhood avg.
Mother tongue
English · 77%French · 6%
Past 10 years Minnetonka sales snapshot (~80% of all data)
457
410k
$369/sqft
1975
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62.7 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: #46110996
$104K
Median household income
$112K
Average household income
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
20%
Single-person households
33%
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
287 Riel Avenue — 4 amenities found within 500 m, across 1 categories, including 4 parks (nearest 96 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 44% | Bottom 49% | Top 41% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 287 Riel Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 287 Riel Avenue in Minnetonka is a practical, no-frills property built in 1973. Its key characteristic is its modest scale, with a living area of 988 sqft that is notably below average for both the immediate street and the wider neighbourhood. This is balanced by a lot size of 5,697 sqft, which is more in line with city-wide averages, offering decent outdoor space relative to the home's footprint.
The appeal lies in its straightforward value and manageability. With an assessed value that is consistently around the average for its immediate area, it presents as an affordable entry point into the Winnipeg market. It’s a property that prioritizes function over grandeur, suited for buyers who value lower maintenance costs, manageable utility bills, and a smaller space to care for. This would be an ideal fit for first-time homebuyers, downsizers looking to simplify, or pragmatic investors seeking a rental property with a stable assessment history. A thoughtful perspective is that its smaller interior, while a limitation for some, could be a strategic advantage for those looking to minimize their environmental footprint and household upkeep without sacrificing yard space.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $39,100 is for municipal tax purposes. The recent sold price history (2021) in the $350k-$400k range is a better, though dated, indicator of market value. A current market appraisal or comparative market analysis is needed for an accurate price.
2. How does the smaller living area impact daily life?
The 988 sqft layout will require efficient use of space. It's well-suited for individuals, couples, or small families comfortable with cozier quarters. It may feel constrained for those needing multiple dedicated rooms, significant storage, or who frequently entertain large groups indoors.
3. What does the "below average" ranking for living area actually mean?
The data shows this home's interior size is smaller than roughly 75-80% of comparable homes in Minnetonka and across Winnipeg. This isn't necessarily negative—it directly correlates with the home's affordability and lower operating costs, which are core features of this listing.
4. Are homes from 1973 likely to have major issues?
Homes from this era may have original components, like roofing, windows, or major systems, nearing or exceeding their typical lifespan. A thorough inspection is crucial to identify if updates are needed, which should be factored into your budget and offer.
5. Why is there a discrepancy in the "city-wide average assessed value" shown?
You may notice one data point showing a city-wide average of $390k, which seems inconsistent. This appears to be a formatting error in the source data. The more relevant figures are the local comparisons, which show the home's assessment is consistently around the average for Riel Avenue and the Minnetonka area.
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