Property score
65.7
Good
Overall 65.7 · Smaller than most nearby homes
1,040 sqft (bottom 28%) · Built in 1973 (2 yrs older than avg)
Located in a high-income area with median household income of ~104k
Transit 70.0 · 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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65.7 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
315 Riel Avenue — 4 amenities found within 500 m, across 1 categories, including 4 parks (nearest 99 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 40% | Bottom 40% | Top 46% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 16% | Bottom 12% | Bottom 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This home at 315 Riel Avenue in Winnipeg's Minnetonka neighbourhood presents a practical, entry-level opportunity. Built in 1973, its 1,040 sqft living area is modest, ranking below the average for both the immediate area and the wider neighbourhood, suggesting a more compact and manageable layout. The lot size of 5,497 sqft is also notably smaller than most on its street, which translates to less exterior maintenance. The assessed value is consistently below average for the street and Minnetonka, indicating a potentially lower property tax burden and a price point that sits in a more accessible tier.
Its appeal lies in this affordability and manageability. It suits first-time buyers seeking a foothold in the market, investors looking for a rental property, or downsizers who want to reduce both indoor and outdoor upkeep. A thoughtful perspective is that a smaller, well-planned home on a smaller lot can offer significant cost efficiency and a simpler lifestyle, freeing up resources for renovations, travel, or savings. Its sale history shows steady value increases, suggesting a stable investment in an established area.
Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
While below average for the street, the lot is near the city-wide average. It means less yard work and lower landscaping costs, which can be a positive for those seeking low-maintenance living.
2. How does the assessed value affect property taxes?
A below-average assessed value for the area typically results in a below-average property tax bill, which is a recurring cost savings for the homeowner.
3. What does the living area ranking mean for daily life?
Ranking below the neighbourhood average for size indicates a more compact home. This is ideal for individuals, couples, or small families who prioritize efficient use of space over square footage.
4. The home sold in 2017 and 2021. What does that history suggest?
The sold price ranges show appreciable value growth over those four years, reflecting a stable market demand for homes in this category and area.
5. Are comparable homes nearby?
Yes, the listing references nearby properties with similar assessed values in other neighbourhoods, and directly adjacent homes on Riel Avenue. This provides concrete examples for comparing value, size, and lot characteristics.
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