Property score
59.6
Fair
Overall 59.6 · Smaller but newer than most nearby homes
960 sqft (bottom 16%) · Built in 2004 (29 yrs newer 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
Living Area
Below average
33% smaller than neighborhood avg.
Year Built
Above average
29 yrs newer 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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59.6 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
57 Riel Avenue — 22 amenities found within 500 m, across 8 categories, including 8 dining (nearest 179 m), 1 education (nearest 165 m), 1 healthcare (nearest 364 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 10% | Top 30% | Top 26% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This home at 57 Riel Avenue presents a distinct profile defined by its modern age and efficient size. Built in 2004, it is a notably newer construction compared to most homes on its street and in the wider Minnetonka area, which largely date back to the 1960s and 1970s. This is its primary advantage, suggesting updated building systems, materials, and potentially less immediate need for major renovations.
With 960 square feet of living space, the home is compact, ranking below the average size for the neighbourhood. This positions it as an efficient, lower-maintenance property. The lot size of just over 6,000 square feet is generous for the city overall and provides good outdoor space relative to the home's footprint. The assessed value is strong for its immediate street, indicating it is viewed favorably compared to its older neighbours.
Its appeal lies in a "right-sized" balance: it offers modern construction comforts on a good-sized lot without the upkeep of a larger, older house. It would suit first-time buyers seeking a move-in-ready, newer home, downsizers looking to reduce maintenance without sacrificing yard space, or investors attracted by the modern build in an established area. A thoughtful perspective is that this property represents a trade-off—you are choosing modern infrastructure over historic character and spacious square footage, which is a compelling value proposition for the right buyer.
Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
The data suggests it is. While smaller than the street average, its assessed value ranks in the top 14% on Riel Avenue. This premium is likely attributed to its significantly newer construction date (2004 vs. a street average of 1969).
2. What does the sold price history indicate?
Records show it last sold between $400,000 and $450,000 in 2021. This sale price ranked in the top 10% for the street at that time, further supporting the value of its newer build.
3. How does the lot size compare?
At 6,246 sqft, the lot is above average for Winnipeg but slightly below the average for Minnetonka. This means you get a solid urban yard that is manageable to maintain.
4. What are the potential drawbacks of a home built in 2004?
While modern, a 22-year-old home is entering the period where certain components (like the roof, major appliances, or HVAC systems) may be nearing the end of their typical lifespan and could require attention or replacement sooner than a brand-new build.
5. Why is the city-wide average assessed value so much higher?
The city-wide average assessed value shown (~$390k) includes all property types and sizes across Winnipeg. This home's assessed value is more meaningfully compared to its local neighbourhood and street averages, where it aligns closely.
