503 River Road

Minnetonka, Winnipeg

Property score

78.3

Good

Overall 78.3 · Compared with neighbourhood average

1,401 sqft (top 40%) · Built in 1974 (1 yr older 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 3 parks nearby

Living Area

Near average

3% smaller than neighborhood avg.

Taon ng Paggawa

Near average

1 yrs older than neighborhood avg.

Mother tongue

English · 78%Chinese · 4%

Past 10 years Minnetonka sales snapshot (~80% of all data)

Sold Count

457

Median price

410k

$/sqft

$369/sqft

Avg build year

1975

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Property score

78.3 is composed by the two sections below.

Property Score

72.3Good
Living Area75
1,401 sqftGood
Taon ng Paggawa58
1974Fair
Lupa97
10,389 sqftExcellent
Neighbourhood Sales Activity23
Low

Community Score

87.4Excellent
Household Income90
Excellent
Education Level82
Excellent
Housing Stress100
Excellent
Core Housing Need100
Excellent
Employment Health60
Fair

Istatistika ng benta ng komunidad

Minnetonka

How to read: Share of sales in each ~$50k price band for “minnetonka” (Detached na bahay (hindi condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110997

Community deep dive

$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

Population, labour & age

Population (2021)390
Labour force participation rate64%
Median age51.2
Avg household size2.5
Unemployment rate13%
Population density2437 / km²

Households & income

Low income (LIM-AT, % pop.)2%
Single-person households16%
Couple families with children29%
Median household income (2020)$117K

Housing

Renter households6%
Condominium dwellings0%
Median dwelling value (owners)$400K

Diversity, education & language

Immigrants (share of pop.)14%
Visible minority6%
Bachelor's or higher (25–64)40%
Mother tongue (1st)English · 78%
Mother tongue (2nd)Chinese · 3%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Mga ranggo

Living Area

karaniwan
1,401 sqft
0255075100
Same streetBottom 44%Same areaTop 40%CitywideTop 36%
Same street · River Road
#100 / 180
Bottom 44% · Avg 1,664 sqft
Same area · Minnetonka
#601 / 1,515
Top 40% · Avg 1,439 sqft
Citywide · Winnipeg
#69,044 / 194,458
Top 36% · Avg 1,342 sqft

Assessed Value

lampas sa average
515k
0255075100
Same streetTop 24%Same areaTop 21%CitywideTop 17%
Same street · River Road
#44 / 180
Top 24% · Avg 505.1k
Same area · Minnetonka
#315 / 1,515
Top 21% · Avg 458.1k
Citywide · Winnipeg
#33,907 / 194,458
Top 17% · Avg 390.1k

Taon ng Paggawa

karaniwan
1974
0255075100
Same streetTop 36%Same areaTop 41%CitywideTop 42%

Lupa

lampas sa average
10,389 sqft
0255075100
Same streetTop 27%Same areaTop 16%CitywideTop 6%

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.

Transit & Walkability

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

503 River Road — 4 amenities found within 500 m, across 2 categories, including 1 healthcare (nearest 395 m), 3 parks (nearest 307 m).

Search radius
🏥Healthcare1
🌳Parks3

Crime & Safety

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%

Kasaysayan ng Benta

503 River Road: Wala kaming ipinapakitang kasaysayan ng bentahan batay lamang sa pampublikong datos; hindi ibig sabihin na walang bentahan noon. Puwede pa ring humiling sa email sa seksyong “Data notes” sa ibaba—hahanapin namin nang manu-mano at sasagutin nang may pinakamakatotohanang impormasyon.

Related homes

Mga tampok at karaniwang tanong: 503 River Road, Winnipeg

Property Overview: 503 River Road, Minnetonka

Key Characteristics & Appeal

This home at 503 River Road presents a solid, value-oriented opportunity in the Minnetonka neighbourhood. Built in 1974, its 1,401 sqft living space is comfortably sized, ranking around the average for the area, suggesting it’s a practical family layout without being oversized. The true standout feature is the land: a 10,389 sqft lot that places it in the top 16% within Minnetonka and the top 6% city-wide. This offers significant outdoor space, a rarity that provides room for gardens, play, or future expansion.

Its appeal lies in this balance of a manageable home on a premium lot, coupled with a strong assessed value that ranks well above average on its street, in the area, and across Winnipeg. This indicates a property that is viewed favorably in terms of valuation relative to its peers. It would suit a buyer looking for a established neighbourhood character, who prioritizes yard space over a massive interior, and who sees potential in a home that may benefit from updates. It’s a practical choice for a growing family, a downsizer wanting room for hobbies, or a value-conscious buyer who understands that land is a lasting asset.


Frequently Asked Questions

1. How does the home’s size compare to others nearby?
At 1,401 sqft, the living area is slightly below the average for River Road itself (~1,664 sqft) but is very close to the Minnetonka area average. It’s a moderately sized home, typical for its era.

2. What does the "above average" assessed value ranking mean?
The assessed value of $51,500k ranks in the top 24% on River Road and top 21% in Minnetonka. This generally suggests the property is assessed at a higher value than many comparable homes, which can be a marker of perceived worth or specific attributes the assessor recognizes, like its large lot.

3. Is the lot size unusually large?
Yes. The lot is a key feature. At over 10,000 sqft, it is substantially larger than the Winnipeg city-wide average lot. This is a significant advantage for privacy, outdoor activities, or future projects.

4. The home was built in 1974. What should I consider?
As a home from the mid-1970s, prospective buyers should budget for potential updates to major systems like roofing, windows, plumbing, or electrical that may be nearing the end of their service life. A thorough home inspection is advised.

5. Why is there no public sold price history shown?
Detailed sale price history is not always fully disclosed in public records. The listing service offers to provide the exact sold price history manually via email to ensure accuracy and privacy for past transactions.