Property score
66.3
Good
Overall 66.3 · Smaller than most nearby homes
1,032 sqft (bottom 24%) · Built in 1973 (2 yrs older than avg)
Located in a high-income area with median household income of ~104k
Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 4 parks nearby
Living Area
Below average
28% 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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66.3 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
311 Riel Avenue — 4 amenities found within 500 m, across 1 categories, including 4 parks (nearest 100 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 28% | Top 38% | Top 31% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 42% | Bottom 49% | Top 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This home at 311 Riel Avenue in Winnipeg's Minnetonka neighbourhood presents a practical and affordable entry point into the market. Built in 1973, it sits on a roughly 5,700 sqft lot and offers 1,032 sqft of living space. The data indicates its size and assessed value are generally below average for its immediate street and area, but align more closely with city-wide averages, suggesting it represents a typical Winnipeg home in terms of value. Recent sale history shows steady appreciation, with the home selling in the $400k-$450k range in 2024.
Key Characteristics & Appeal
The primary appeal of this property is its value proposition. It is a home that has maintained a competitive price point, likely making it one of the more accessible options in the area. Its lot size is manageable without being overly demanding, suitable for those who want some outdoor space without extensive upkeep. The home’s consistent sale history indicates a stable, no-fuss investment in an established neighbourhood.
This property would suit first-time buyers seeking a foothold in the market, or practical downsizers looking for a lower-maintenance home without leaving the community. It’s for buyers who prioritize financial sensibility and a established location over modern size or high-end finishes. A less obvious perspective is that a home with below-average assessments for its micro-area can sometimes offer more negotiation leverage and potential for value growth through updates, as it isn't already priced at a premium for the street.
1. Is this a good value compared to the neighbourhood?
The data suggests it is priced below the average for both Riel Avenue and the wider Minnetonka area in terms of living space and assessed value, but is around the city-wide median for value. This indicates you may be getting a competitively priced property for the city, potentially at a relative discount within its immediate locale.
2. What does the sale history tell us?
The home sold for $350k-$400k in 2021 and $400k-$450k in 2024, demonstrating solid appreciation over a three-year period. This trend suggests a stable market for the property.
3. How does the lot size compare?
At 5,697 sqft, the lot is below the average for Minnetonka but closer to the city-wide average. It provides a decent outdoor space that is manageable for gardening or recreation without being overly burdensome to maintain.
4. What might "below average" living area mean for a buyer?
With 1,032 sqft, the home is cozier than many in the area. This typically translates to lower utility costs and less space to maintain, which can be a benefit for buyers looking to minimize ongoing expenses and upkeep time.
5. How can I find out the exact past sale prices?
The exact sold prices are not publicly listed in detail. The listing service offers to provide them manually via email upon request, with a commitment to respond by the end of the same day without using your information for unsolicited marketing.
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