68.0
Good
Property score
68.0
Good
Overall 68.0
Larger but older than most nearby homes
1,597 sqft (top 30%)
Built in 1959 (16 yrs older than avg)
Located in a above-average income area
with median household income of ~66.5k
Transit 94.0
1-min walk to transit with 4 nearby routes
Within 500m: 8 dining spots, 1 school, 1 healthcare facility, and 2 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Above average
11% larger than neighborhood avg.
Year Built
Below average
16 yrs older than neighborhood avg.
Mother tongue
English · 70%French · 7%
Past 10 years Minnetonka sales snapshot (~80% of all data)
457
410k
$369/sqft
1975
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68.0 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: #46111003
$67K
Median household income
$77K
Average household income
25%
Low income (LIM-AT)
0.3
Income inequality (Gini)
5.4
P90 / P10 ratio
25%
Single-person households
23%
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
53 Riel Avenue — 22 amenities found within 500 m, across 8 categories, including 8 dining (nearest 165 m), 1 education (nearest 177 m), 1 healthcare (nearest 357 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 9% | Bottom 34% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
53 Riel Avenue is a 1,597 sqft bungalow built in 1959, situated on a 6,871 sqft lot in Winnipeg's Minnetonka neighbourhood. The home presents a distinct profile: it offers significantly more living space than most comparable homes on its street and in the wider city, yet it carries a municipal assessed value that is notably lower than many of its immediate neighbours. This combination creates a unique value proposition.
Key Characteristics & Appeal
The primary appeal of this property lies in its generous living area and lot size relative to its price point. With living space ranking in the top 11% on its street and top 26% city-wide, it offers more room than many similarly priced homes. The lot size is also substantial, ranking above average city-wide. However, the home is older than most in its immediate area, which is reflected in its below-average assessed value for the neighbourhood. This dynamic suggests potential for a buyer who sees value in the existing space and is either comfortable with the character of an older home or envisions a renovation project. The last known sale was between $250k-$300k in 2021.
It would best suit practical buyers looking for space over a modern turn-key condition. This could include value-conscious families needing room to grow, an investor considering a hold-and-renovate strategy, or a buyer planning a longer-term renovation who can capitalize on the current lower assessment. It's less suited for someone seeking a newer home with no immediate update needs.
1. Why is the assessed value so much lower than neighbouring homes?
The assessed value is based on municipal evaluation, which heavily considers factors like the home's age (1959) and condition. Being older than most homes on the street and in Minnetonka, its lower assessment reflects this, though it also indicates a potentially lower property tax burden.
2. How does the living area compare to a typical modern home?
At 1,597 sqft, the living space is genuinely spacious. It ranks well above the average for its street (~1,202 sqft) and the Winnipeg average (~1,342 sqft), meaning you get more interior square footage here than in many contemporary listings.
3. What does the sold price history tell us?
The home sold for an estimated $250,000-$300,000 in 2021. This past price, combined with the current lower assessed value, can help inform your offer strategy and understanding of the home's market position.
4. Is the large lot a major advantage?
Yes. The 6,871 sqft lot is above the city-wide average, providing ample outdoor space. This is a valuable and less replaceable asset than interior square footage, offering room for gardens, play areas, or future additions.
5. Where can I see more context about this specific location?
You can open the neighbourhood analysis page for this property to view it on a map alongside nearby houses, comparing details like year built, lot size, and assessed value directly with its neighbours.
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.
