Property score
62.7
Fair
Overall 62.7 · Smaller than most nearby homes
960 sqft (bottom 16%) · 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: 6 parks nearby
Living Area
Below average
33% 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
331 Riel Avenue — 6 amenities found within 500 m, across 1 categories, including 6 parks (nearest 41 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 16% | Top 33% | Top 28% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 331 Riel Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 331 Riel Avenue in the Minnetonka neighborhood presents a practical and affordable entry point into the Winnipeg market. Built in 1973, it is a typical home for its street and area in terms of age and assessed value. The key characteristic is its size: at 960 sqft, the living area is notably compact, ranking below the average for comparable homes on its street, in Minnetonka, and across the city. This is balanced by a decently sized lot of 5,596 sqft, which is close to the city-wide average and offers valuable outdoor space.
The primary appeal lies in its financial accessibility. With an assessed value firmly in the average range for its immediate vicinity ($37,600), it represents a lower barrier to entry. This is underscored by its last known sale in the $400k-$450k range in 2021. The property suits first-time homebuyers or investors seeking a manageable, no-frills property where value is derived more from land ownership and location than from a large or modern interior. It may also appeal to those looking to downsize without sacrificing yard space. A thoughtful perspective is that this home’s value is inherently tied to its land and the potential for future updates, rather than its current interior footprint, making it a candidate for a long-term hold or a gradual renovation project.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 960 sqft, the home is smaller than most comparable properties in the area. It would best suit individuals, couples, or small families comfortable with efficient living spaces. The below-average interior size is a key factor in its pricing.
2. How does the assessed value relate to the likely selling price?
The assessed value for tax purposes ($37,600) is not a market price. The last known sale was between $400,000 and $450,000 in 2021. Market conditions, property updates, and buyer demand will determine the current listing and sale price.
3. What is the significance of the lot size?
The 5,596 sqft lot is a positive feature, providing ample outdoor space that is close to the city-wide average. This adds value and potential for gardening, recreation, or future expansion, offsetting the smaller home size.
4. Are the home’s systems and structure due for updates?
Built in 1973, the home is over 50 years old. Buyers should budget for and prioritize inspections of major age-related components like the roof, windows, plumbing, and electrical systems to understand potential upcoming costs.
5. How can I get the exact historical sale price?
The precise sale prices are not publicly displayed. You can request the exact sold price history by emailing the listing service through the provided form. They provide this data manually and state they will not use your email for unsolicited marketing.
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