Property score
80.0
Excellent
Overall 80.0 · Newer than most nearby homes
1,551 sqft (top 32%) · Built in 1978 (3 yrs newer than avg)
Located in a high-income area with median household income of ~117k
Transit 76.0 · 1-min walk to transit with 1 nearby route · Within 500m: 1 healthcare facility, and 4 parks nearby
Living Area
Near average
8% larger than neighborhood avg.
Year Built
Above average
3 yrs newer than neighborhood avg.
Mother tongue
English · 78%Chinese · 4%
Past 10 years Minnetonka sales snapshot (~80% of all data)
457
410k
$369/sqft
1975
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80.0 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: #46110997
$117K
Median household income
$144K
Average household income
2%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
16%
Single-person households
29%
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
407 River Road — 5 amenities found within 500 m, across 2 categories, including 1 healthcare (nearest 194 m), 4 parks (nearest 333 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 28% | Bottom 21% | Bottom 43% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 407 River Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 407 River Road in Minnetonka presents a balanced, middle-of-the-road profile with a few distinct advantages. Built in 1978, it is notably newer than many homes on its street and in the immediate area, which may suggest updated building materials or systems compared to older peers. With 1,551 sqft of living space, it offers above-average roominess for Winnipeg overall, though it is slightly more compact than the typical home on River Road itself.
The property’s appeal is grounded in its solid city-wide standing. The lot size of 7,285 sqft is a key asset, ranking within the top 15% across Winnipeg, offering valuable outdoor space that is less common city-wide. The assessed value positions the home as relatively affordable within the broader market, potentially offering good value for the space provided. This isn’t a standout luxury property, but rather a well-situated, practical home that performs consistently well across multiple metrics when viewed from a city perspective.
It would suit practical buyers looking for a established neighbourhood home with a generous yard, without the premium price tag of a newer or fully renovated property. It’s a sensible choice for first-time buyers or downsizers seeking space and stability, and for those who value a lot size that is increasingly rare in the wider city market.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is around average for both River Road and the Minnetonka area, but ranks above average (top 30%) city-wide. This suggests it may offer more house for your money compared to many other parts of Winnipeg.
2. Is the house older or newer for the neighbourhood?
Built in 1978, it is actually above average in age ranking for both the street and the area, meaning it is newer than many surrounding homes. This could imply potentially fewer immediate major upkeep issues compared to older stock.
3. How much outdoor space comes with the property?
The land area is 7,285 sqft. While this is around average for the immediate street and area, it is considered quite generous (top 15%) when compared to all properties in Winnipeg, a significant advantage for those wanting a sizable yard.
4. What can the sold price history tell me?
Public data shows it last sold between $300k-$350k around 2016. This historical range, combined with the current assessed value, provides a benchmark for market trends. For the exact sale price, you can request the information directly via the listing page.
5. If the living area is smaller than the street average, where is the value?
The value appears to be in the combination of a newer build year, a large city-ranking lot size, and an efficient floor plan. The home offers more interior space than the Winnipeg average, packaged on a substantial lot, at an assessed value that is competitive city-wide.
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