Property score
67.9
Good
Overall 67.9 · Older than most nearby homes
1,090 sqft (bottom 33%) · Built in 1963 (12 yrs older than avg)
Located in a high-income area with median household income of ~106k
Transit 94.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 9 dining spots, 1 school, 1 healthcare facility, and 1 shop nearby
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Below average
12 yrs older than neighborhood avg.
Mother tongue
English · 76%French · 6%
Past 10 years Minnetonka sales snapshot (~80% of all data)
457
410k
$369/sqft
1975
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67.9 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: #46111002
$106K
Median household income
$113K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
17%
Single-person households
34%
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
62 Riel Avenue — 20 amenities found within 500 m, across 8 categories, including 9 dining (nearest 194 m), 1 education (nearest 199 m), 1 healthcare (nearest 326 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 24% | Top 37% | Top 30% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 62 Riel Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling value proposition centered on its exceptional lot size. The nearly half-acre (18,049 sqft) property is its standout feature, ranking in the top 3% locally and city-wide. This offers rare potential for expansion, gardening, or outdoor recreation in the city. The house itself, built in 1963, is of average size (1,090 sqft) for the area and represents a classic, no-frills structure that may require updates. Its assessed value is notably strong for its immediate street, ranking in the top 7%, suggesting the property is viewed favorably relative to its neighbors.
The primary appeal lies in the land. It suits a buyer with a vision for the future—whether that's adding a large garage, creating extensive green space, or eventually building a more substantial home. It’s also a practical fit for those seeking a lower-density feel within the city without a premium price tag for the lot itself. The trade-off is that the existing living space is modest and dated, making it ideal for a handy buyer, an investor seeing land value, or someone willing to invest in renovations over time.
Section 2: Frequently Asked Questions
1. What does the high assessed value ranking on the street indicate?
It suggests the municipal assessment for this property is among the highest on Riel Avenue. This often reflects the value of the large lot and may influence property taxes, but it doesn't directly predict future sale price.
2. Is the house in original condition?
Given its 1963 build date and that it ranks as older than most in the neighborhood, it is very likely that major systems (roof, wiring, plumbing) and interiors may be original or dated, factoring into renovation plans and budgets.
3. How does the previous 2021 sale price relate to the current assessed value?
The assessed value ($46.80k) is for taxation purposes and is not a market valuation. The 2021 sale in the $400k-$450k range is a better indicator of actual market value at that time.
4. What are the implications of such a large lot?
Beyond space, it can mean higher maintenance (lawn care, snow clearing), potential for sub-division (subject to zoning), and possibly different insurance considerations. It also offers significant privacy and distance from neighboring homes.
5. Why is the living area considered "around average" when it's below all the group averages listed?
The ranking compares it to a group of "comparable homes." Its rank (e.g., 92 out of 149 on the street) places it in the middle of the pack, even though the average size of all homes in that group is larger. This means there are many homes both larger and smaller than this one.
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