Property score
66.7
Good
Overall 66.7 · Smaller and older than most nearby homes
1,056 sqft (bottom 30%) · Built in 1947 (28 yrs older than avg)
Located in a high-income area with median household income of ~117k
Transit 76.0 · 2-min walk to transit with 1 nearby route · Within 500m: 1 healthcare facility, and 2 parks nearby
Living Area
Below average
27% 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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66.7 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
493 River Road — 3 amenities found within 500 m, across 2 categories, including 1 healthcare (nearest 350 m), 2 parks (nearest 350 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 12% | Bottom 7% | Bottom 32% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 493 River Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous, above-average lot size of over 10,000 sqft, a notable feature within both the city and the Minnetonka area. The house itself is a modest 1,056 sqft bungalow built in 1947, offering a compact living footprint. Its assessed value is significantly lower than area averages, which reflects its older age and smaller size but also suggests a potentially accessible entry point into the market.
The primary appeal lies in the land itself. This property suits a buyer with a vision for outdoor space, gardening, or future expansion, who is comfortable with a home that requires updates or prefers a simpler, more manageable interior. It’s a practical choice for a first-time buyer, an investor, or someone seeking a lower-maintenance lot with room to breathe, without the premium typically attached to larger, newer homes. A thoughtful perspective is that this property represents an opportunity to invest in a substantial piece of land in Winnipeg, where the value may be more tied to the parcel than the existing structure.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is based primarily on the age (1947) and the below-average living area of the home itself. In this context, value is not driven by the structure but by the land, which is a separate component of the assessment.
2. What does the sold price history indicate?
The home sold in 2023 for an estimated $250k-$300k, which aligns closely with its current $280k assessed value. This suggests a stable, realistic market price based on recent activity.
3. Is the smaller living area a concern?
At 1,056 sqft, the home is compact. It would suit individuals, couples, or small families comfortable with efficient living spaces. The trade-off is the disproportionately large yard, which expands the usable property significantly.
4. How does the lot size compare to typical Winnipeg homes?
The 10,297 sqft lot is well above average city-wide (top 6%), offering outdoor space that is increasingly rare. On River Road itself, it is still above the street average, making it a standout feature of this specific property.
5. What should I consider about a home built in 1947?
While offering classic charm, a home of this age will likely have older mechanical systems (like plumbing and electrical), windows, and insulation. A thorough inspection is essential to understand the condition and plan for any necessary updates or maintenance.
