Property score
69.2
Good
Overall 69.2 · Compared with neighbourhood average
1,130 sqft (bottom 40%) · Built in 1973 (2 yrs older than avg)
Located in a high-income area with median household income of ~104k
Transit 70.0 · 6-min walk to transit with 3 nearby routes · Within 500m: 5 parks nearby
Living Area
Near average
21% 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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69.2 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
316 Riel Avenue — 5 amenities found within 500 m, across 1 categories, including 5 parks (nearest 105 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 46% | 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
This home at 316 Riel Avenue presents a solid, mid-century option in Winnipeg's Minnetonka neighbourhood. Built in 1973, its 1,130 sqft living area is comfortably within the average range for the immediate street and the wider city, suggesting a practical layout for everyday living. The assessed value of $400k positions it as a comparatively strong value on its own street. A key characteristic is the 5,500 sqft lot, which is notably more compact than most in Minnetonka, potentially meaning less yard maintenance. The home last sold between $350k-$400k in 2019.
Its appeal lies in its established location and statistical steadiness—it doesn't stand out as exceptionally large or small, new or old, but rather as a consistent performer in its peer group. This could indicate a lower-risk, predictable property profile. It would suit a first-time buyer or downsizer looking for a manageable home in a mature neighbourhood without the premium for a large lot. It may also attract value-conscious buyers who note its above-average assessed value ranking on Riel Avenue itself.
Frequently Asked Questions
1. How does the lot size impact this property?
At 5,500 sqft, the lot is smaller than the average for both Riel Avenue and the Minnetonka area. This typically translates to less outdoor maintenance, which can be a benefit, but may limit expansion possibilities or private outdoor space compared to neighbours.
2. What does the "around average" ranking for most metrics signify?
The data shows the home is consistently middle-of-the-pack in terms of size, age, and value when compared to local and city-wide peers. This often suggests a property that is neither over-improved nor under-improved for its area, which can provide stability.
3. The assessed value seems high relative to some averages shown. Why?
The assessed value of $400k ranks in the top 32% on its own street. This could reflect specific updates, a desirable position on the block, or simply a strong underlying value assessment for this particular home compared to its immediate neighbours.
4. Can I find out the exact past sale price?
The public data shows a sale price range of $350k-$400k for 2019. The exact sale price is available by request from the listing service, which they provide manually via email.
5. What are the implications of the home being built in 1973?
As a home from the early 1970s, prospective buyers should budget for potential updates to major systems like roofing, windows, plumbing, or electrical that may be nearing the end of their typical lifespan, while also appreciating the era's often straightforward floor plans.
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