Property score
54.9
Fair
Overall 54.9 · Smaller than most nearby homes
696 sqft (bottom 1%) · Built in 1976 (1 yr newer than avg)
Located in a high-income area with median household income of ~113k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 6 parks nearby
Living Area
Below average
52% smaller than neighborhood avg.
Year Built
Near average
1 yrs newer than neighborhood avg.
Mother tongue
English · 79%French · 7%
Past 10 years Minnetonka sales snapshot (~80% of all data)
457
410k
$369/sqft
1975
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54.9 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: #46110994
$113K
Median household income
$122K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.9
P90 / P10 ratio
18%
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
383 Riel Avenue — 6 amenities found within 500 m, across 1 categories, including 6 parks (nearest 201 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 50% | Bottom 47% | Top 42% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 383 Riel Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 383 Riel Avenue presents a specific and pragmatic opportunity in Winnipeg’s Minnetonka neighbourhood. Its key characteristic is its compact size, with a living area of 696 sqft, which is notably smaller than most homes on its street and in the wider area. Built in 1976, it is relatively newer than many neighbouring houses. The lot size of 5,835 sqft is fairly typical for the local context.
The primary appeal lies in its accessibility. With an assessed value significantly below area averages, it represents one of the lower-priced entry points into homeownership in the city. This isn't a property for those seeking ample space, but rather for those who prioritize land ownership and location over square footage. It suits first-time buyers, investors looking for a rental property, or downsizers seeking a minimal footprint with outdoor space. A thoughtful perspective is that its smaller size and efficient lot could translate to lower maintenance costs and utility bills, offering a different kind of value beyond the purchase price. Its "newer" vintage relative to the street may also suggest updated core systems.
Section 2: Frequently Asked Questions
1. Why is the living area so much smaller than nearby homes?
This is a compact, likely bungalow-style home. Its floor plan is efficient, placing it among the smallest residences on the street, which is a key factor in its lower assessed value.
2. How can the assessed value be so low compared to the last sold price range?
The assessed value ($33,200) is for municipal tax purposes and often lags behind market values. The sold price range from 2023 ($350k-$400k) reflects what a buyer actually paid in the open market, indicating strong demand for well-priced homes in the area regardless of size.
3. What does the "newer" year built mean for this house?
Built in 1976, it is newer than many on its immediate street. This could imply updates to foundational elements like wiring, plumbing, or insulation compared to older homes, but a specific inspection is needed to confirm the condition.
4. Is the lot size usable despite being below the area average?
At nearly 6,000 sqft, the lot is still a substantial size for a home of this footprint. It offers significant outdoor space for gardening, recreation, or future expansion, which is a major asset not found in condominiums.
5. Who would this property not suit?
It would not suit buyers who need multiple bedrooms, dedicated home office space, or who simply prefer more spacious interiors. The layout demands efficient use of every square foot.
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