Property score
63.4
Fair
Overall 63.4 · 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 70.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 6 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
63.4 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
338 Riel Avenue — 6 amenities found within 500 m, across 1 categories, including 6 parks (nearest 85 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 30% | Bottom 25% | Bottom 45% |
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 338 Riel Avenue presents a practical opportunity in Winnipeg's Minnetonka neighbourhood. Its key appeal lies in its balance: a city-wide above-average lot size of over 6,000 sqft offers valuable outdoor space and potential, while its assessed value sits solidly around the middle range for the area. The 988 sqft living area is notably compact compared to many nearby homes, suggesting a more efficient, manageable footprint. Built in 1973, the house is of a typical vintage for the street and area.
This property would best suit first-time buyers or downsizers seeking a lower-maintenance yard without sacrificing lot privacy, and who prioritize value and location over sheer interior size. It’s a home for those who see potential in the land and a solid foundation, comfortable with a cozier interior layout that may encourage simpler living or thoughtful renovation over time.
Frequently Asked Questions
How does the home's size compare to others?
The living area is compact at 988 sqft, placing it in the smaller 20-25% of homes on the street, in Minnetonka, and across Winnipeg. This indicates a more efficient layout.
Is the assessed value in line with the neighbourhood?
Yes. The $400k assessment is consistently around the average mark—not among the highest or lowest—when compared to the immediate street, the wider Minnetonka area, and the city as a whole.
What is the significance of the lot size?
While the lot is around average for Riel Avenue, it ranks in the top 29% city-wide. This means you get more outdoor space than most properties in Winnipeg, which is a key asset for privacy, gardening, or future expansion.
What can past sale data tell us?
The home sold between $300k-$350k in 2017. The current assessment of $400k reflects market changes since then. For the exact historical sale price, you can request details via email from the listing service.
Who are the closest comparable properties?
The most direct comparisons are the homes immediately adjacent on Riel Avenue. For homes with a similar assessed value ($400k), several examples can be found in neighbourhoods like Elmhurst and Varsity View, offering perspective on what that valuation buys in different areas.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
