Property score
63.1
Fair
Overall 63.1 · Smaller and older than most nearby homes
960 sqft (bottom 16%) · Built in 1947 (28 yrs older than avg)
Located in a high-income area with median household income of ~117k
Transit 68.0 · 2-min walk to transit with 1 nearby route · Within 500m: 1 healthcare facility, and 3 parks nearby
Living Area
Below average
33% smaller than neighborhood avg.
Year Built
Below average
28 yrs older 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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63.1 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
485 River Road — 4 amenities found within 500 m, across 2 categories, including 1 healthcare (nearest 327 m), 3 parks (nearest 373 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 47% | Top 42% | Top 35% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 485 River Road, Winnipeg
Section 1: Key Characteristics & Appeal
This is a property defined by a compelling contrast. The home itself is a modest, 960 sqft bungalow built in 1947, with a below-average living area and assessed value compared to its immediate street and neighborhood. This suggests a home that may require updating or is valued for its potential rather than its current finish.
The primary appeal lies in its exceptional lot. At over 11,300 sqft, the land area is well above average for the street and ranks in the top 4% city-wide. This creates a rare opportunity in Winnipeg: a very large, private yard in an established area. The appeal is for a specific buyer: someone who values outdoor space, privacy, and garden potential over a large or modern interior. It suits a hands-on buyer looking for a character home to renovate, an investor seeing land value, or anyone seeking an affordable entry into the neighborhood with room to grow outdoors or potentially expand. The most recent sale (2022) fell in the $350k-$400k range, positioning it as a value-conscious option for the area.
Section 2: Frequently Asked Questions
1. Is the house in move-in condition?
Given its age (1947) and below-average assessed value for the street, it is likely a candidate for some updates or renovations. Buyers should budget for a thorough inspection and potential modernization.
2. What makes the lot so valuable?
A land parcel of this size (over a quarter-acre) is increasingly rare within the city. It offers exceptional privacy, space for gardens, recreation, or future additions, which is a premium feature that newer subdivisions often cannot match.
3. How does the assessed value compare to the recent sale price?
The assessed value is significantly lower than the 2022 sale price range. This is not uncommon, as assessed values for tax purposes can lag behind market values, especially after a recent sale or in areas with rapidly changing property values.
4. Who would this property not suit?
It would not suit buyers seeking a modern, low-maintenance, or spacious interior without renovation work. Those prioritizing square footage and updated finishes over land size may find better value elsewhere.
5. What is the long-term potential here?
The potential is anchored in the land. While the existing home provides shelter, the significant lot size offers future possibilities, whether for extensive landscaping, adding to the structure, or simply holding as a scarce asset in the neighborhood. Its value is likely to be more resilient due to this underlying land equity.
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