Property score
72.0
Good
Overall 72.0 · Compared with neighbourhood average
1,200 sqft (bottom 46%) · Built in 1975
Located in a high-income area with median household income of ~104k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 7 parks nearby
Living Area
Near average
17% smaller than neighborhood avg.
Year Built
Near average
0 yrs newer 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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72.0 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
370 Riel Avenue — 7 amenities found within 500 m, across 1 categories, including 7 parks (nearest 144 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 32% | Top 40% | Top 33% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Appeal
370 Riel Avenue is a well-situated home in Winnipeg's Minnetonka neighbourhood, presenting a balanced profile for a specific buyer. Built in 1975, it is notably newer than many homes on its own street, offering potential advantages in terms of modern building standards and systems for its era. The 1,200 sqft living space and 6,053 sqft lot are both consistently "around average" for the immediate area, suggesting a comfortable, standard-sized family home without extreme upkeep demands. Its appeal lies in this stability and its position within a mature neighbourhood. The data indicates it last sold between $400k-$450k in 2021, which aligns with its above-average city-wide land size—a subtle but valuable asset.
This property would best suit pragmatic buyers: first-time homeowners looking for a solid entry point into the market, or downsizers seeking a manageable property without sacrificing yard space. It’s not the largest or newest home, but its metrics suggest a reliable, middle-of-the-road option where value is derived from neighbourhood integration and lot potential rather than standout luxury features.
Frequently Asked Questions
1. How does this home’s age compare to others nearby?
At 51 years old (built in 1975), this home is actually above average in age ranking on its own street, meaning it is newer than many of its direct neighbours. This could imply updated infrastructure compared to older homes in the area.
2. Is the lot size a pro or a con?
The lot of just over 6,000 sqft is smaller than the average for Minnetonka but ranks above average city-wide. It offers a decent outdoor space that is likely easier to maintain than a larger lot, which can be a benefit for many buyers.
3. What does the assessed value tell me?
The assessed value is for municipal tax purposes and is not market value. At $39.30k, it is consistent with area averages, suggesting the home is not an outlier in terms of its official valuation for taxes.
4. The home sold in 2021. What does that price range indicate?
The previous sale in the $400k-$450k range provides a recent market benchmark. It performed well against city-wide averages at the time, indicating strong market acceptance for this type of property in this location.
5. Who are the most likely competing buyers?
Given its profile, competition would most likely come from other first-time buyers or practical-minded investors seeking a stable, income-producing property in an established neighbourhood, rather than those looking for a premium or fixer-upper project.
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