Property score
79.4
Good
Overall 79.4 · Newer than most nearby homes
1,321 sqft (top 44%) · Built in 1983 (8 yrs newer than avg)
Located in a high-income area with median household income of ~180k
Transit 76.0 · 1-min walk to transit with 1 nearby route · Within 500m: 1 school, 1 healthcare facility, and 3 parks nearby
Living Area
Near average
8% smaller than neighborhood avg.
Year Built
Above average
8 yrs newer than neighborhood avg.
Mother tongue
English · 79%Chinese · 4%
Past 10 years Minnetonka sales snapshot (~80% of all data)
457
410k
$369/sqft
1975
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
79.4 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: #46110998
$180K
Median household income
$220K
Average household income
7%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.8
P90 / P10 ratio
11%
Single-person households
42%
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
506 River Road — 5 amenities found within 500 m, across 3 categories, including 1 education (nearest 476 m), 1 healthcare (nearest 422 m), 3 parks (nearest 274 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 18% | Top 13% | Top 12% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 506 River Road, Winnipeg
Key Characteristics & Appeal
This home at 506 River Road in Minnetonka presents a practical and competitively positioned offering. Built in 1983, it is a newer construction compared to many homes on its street and in the immediate area, which may suggest updated building materials or systems. With 1,321 sqft of living space, it offers a manageable size that is very close to the Winnipeg city average, fitting well for those seeking a home without excessive upkeep.
The property’s appeal lies in its balance and value proposition. Its assessed value is above average citywide, indicating it is viewed favorably relative to a broad market, while remaining around average within its own neighbourhood. This can signal a solid investment in a well-regarded area without a premium price tag. The lot, at 5,896 sqft, is smaller than most in Minnetonka but is near the citywide average, offering a lower-maintenance yard—a potential benefit for busy professionals or those looking to minimize outdoor work.
This home would suit first-time buyers or downsizers seeking a move-in-ready property in an established neighbourhood. It’s also a sensible fit for value-oriented buyers who prioritize a newer build date and a city-competitive assessment over having a large lot.
Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is below average for Minnetonka, it is close to the Winnipeg average. This typically means less yard maintenance and lower exterior costs, which can be a practical advantage for many buyers.
2. What does the "above average" year built ranking mean?
Built in 1983, this home is newer than approximately 79% of homes on River Road. A newer build can often correlate with more modern electrical, plumbing, and insulation standards, potentially reducing immediate renovation needs.
3. Why is the assessed value higher citywide than in the local area?
The assessment is above average compared to all Winnipeg homes but around average within Minnetonka. This often reflects that the neighbourhood as a whole holds stronger property values than many other city areas, and this home sits squarely within that desirable market.
4. What can the 2022 sale price range tell me?
The prior sale in the $500k-$550k range placed the home in the top 12-18% of sales citywide at that time. This historical data points to the property’s strong market performance and enduring appeal in recent years.
5. Who should request the exact sold price history?
The precise sale price is provided manually via email. This service is most useful for serious buyers conducting detailed financial comparisons or for those verifying specific market trends before making an offer.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
