345 River Road

Minnetonka, Winnipeg

Property score

79.2

Good

Overall 79.2 · Compared with neighbourhood average

1,475 sqft (top 36%) · Built in 1974 (1 yr older than avg)

Located in a high-income area with median household income of ~146k

Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 healthcare facility, and 6 parks nearby

Living Area

Near average

3% larger than neighborhood avg.

Year Built

Near average

1 yrs older than neighborhood avg.

Mother tongue

English · 73%French · 5%

Past 10 years Minnetonka sales snapshot (~80% of all data)

Sold Count

457

Median price

410k

$/sqft

$369/sqft

Avg build year

1975

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Property score

79.2 is composed by the two sections below.

Property Score

70.5Good
Living Area1,475 sqft75Good
Year Built197458Fair
Lot Size6,596 sqft85Excellent
Neighbourhood Sales Activity23Low

Community Score

92.3Excellent
Household Income93Excellent
Education Level91Excellent
Housing Stress100Excellent
Core Housing Need100Excellent
Employment Health76Good

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110999

Community deep dive

$146K

Median household income

$218K

Average household income

6%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.4

P90 / P10 ratio

10%

Single-person households

36%

Families with children

Population, labour & age

Population (2021)537
Labour force participation rate67%
Median age49.6
Avg household size2.8
Unemployment rate5%
Population density1917 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households10%
Couple families with children36%
Median household income (2020)$146K

Housing

Renter households0%
Condominium dwellings0%
Median dwelling value (owners)$548K

Diversity, education & language

Immigrants (share of pop.)18%
Visible minority20%
Bachelor's or higher (25–64)58%
Mother tongue (1st)English · 72%
Mother tongue (2nd)French · 4%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,475 sqft
0255075100
Same streetTop 50%Same areaTop 36%CitywideTop 32%
Same street · River Road
#90 / 180
Top 50% · Avg 1,664 sqft
Same area · Minnetonka
#552 / 1,515
Top 36% · Avg 1,439 sqft
Citywide · Winnipeg
#62,221 / 194,458
Top 32% · Avg 1,342 sqft

Tax-Assessed Value

around average
435k
0255075100
Same streetTop 48%Same areaTop 38%CitywideTop 31%
Same street · River Road
#87 / 180
Top 48% · Avg 505.1k
Same area · Minnetonka
#582 / 1,515
Top 38% · Avg 458.1k
Citywide · Winnipeg
#60,386 / 194,458
Top 31% · Avg 390.1k

Year Built

around average
1974
0255075100
Same streetTop 36%Same areaTop 41%CitywideTop 42%

Lot Size

above average
6,596 sqft
0255075100
Same streetBottom 33%Same areaBottom 48%CitywideTop 21%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

345 River Road — 7 amenities found within 500 m, across 2 categories, including 1 healthcare (nearest 338 m), 6 parks (nearest 142 m).

Search radius
🏥Healthcare1
🌳Parks6

Crime & Safety

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%

Sales History

Sold 7/2023CA$400k–450k
Sold price

Same street

Top 42%

Same area

Top 34%

City-wide

Top 28%
Sold 10/2021CA$350k–400k
Sold price

Same street

Bottom 44%

Same area

Top 49%

City-wide

Top 40%
Sold 2/2018CA$300k–350k
Sold price

Same street

Bottom 32%

Same area

Bottom 26%

City-wide

Bottom 46%

Related homes

Highlights & common questions: 345 River Road, Winnipeg

Property Overview: 345 River Road, Minnetonka, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 345 River Road presents a solid, middle-of-the-road opportunity in the Minnetonka neighbourhood. Built in 1974, it offers 1,475 sqft of living space, which is comfortably average for both the immediate street and the wider city. Its assessed value is similarly positioned in the middle tiers of its comparison groups. The lot size of 6,596 sqft is a notable feature, ranking within the top 21% citywide, suggesting more usable outdoor space than many Winnipeg homes—a valuable asset for privacy, gardening, or expansion.

The appeal here is one of stability and realistic potential rather than flashy standout features. Its consistent "around average" rankings across key metrics indicate a property that is neither over-improved nor neglected relative to its peers, which can simplify valuation and financing. The home has changed hands several times recently (2018, 2021, 2023), suggesting a sought-after location on River Road. It would suit practical buyers—perhaps first-time homeowners, downsizers, or investors—who prioritize a well-located, standard-sized home on a better-than-average lot without paying a premium for a fully renovated or luxury property. The recent sale history provides clear, modern data points for market comparison.

Section 2: Frequently Asked Questions

1. Is this home a good value compared to others on the street?
The data shows it's consistently around the middle of the pack for River Road in terms of size, value, and age. Its lot is smaller than the street average but larger than the city average. This suggests you're paying for a home in a stable location, not necessarily for the largest house or lot on the block.

2. What does the recent sale history indicate?
The property sold in 2018, 2021, and 2023. This frequency could indicate a desirable, liquid location where properties turn over, but prospective buyers should investigate the reasons for the quick succession of sales to ensure there are no underlying issues.

3. How does the lot size impact the property's value?
While the lot is smaller than others on River Road, it is above average citywide. This larger-than-city-average yard is a key asset, offering more outdoor space than many homes in Winnipeg, which could be ideal for families or those who enjoy gardening.

4. Is a 1974-built home likely to need major updates?
Homes from this era often have solid construction but may require updates to key systems like roofing, windows, or HVAC due to age. The year built ranks in the middle third compared to neighbours, so it's neither the newest nor the oldest on the street. A thorough inspection is advised.

5. Why is the assessed value different from the recent sold prices?
Municipal assessed value (listed as $43.50k) is for tax purposes and is typically much lower than market value. The actual sold prices from 2023 and 2021 (in the $400k-$450k and $350k-$400k ranges, respectively) reflect the true market value at those times. Always rely on recent comparable sales, not the tax assessment, to gauge current value.

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