Property score
63.3
Fair
Overall 63.3 · Smaller and older than most nearby homes
940 sqft (bottom 13%) · Built in 1949 (26 yrs older than avg)
Located in a high-income area with median household income of ~112k
Transit 62.0 · 4-min walk to transit with 1 nearby route · Within 500m: 2 dining spots, 3 schools, 1 healthcare facility, and 1 shop nearby
Living Area
Below average
35% smaller than neighborhood avg.
Year Built
Below average
26 yrs older than neighborhood avg.
Mother tongue
English · 77%French · 8%
Past 10 years Minnetonka sales snapshot (~80% of all data)
457
410k
$369/sqft
1975
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63.3 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: #46111001
$112K
Median household income
$157K
Average household income
6%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.0
P90 / P10 ratio
18%
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 Riverbend Avenue — 12 amenities found within 500 m, across 6 categories, including 2 dining (nearest 430 m), 3 education (nearest 386 m), 1 healthcare (nearest 483 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 43% | Bottom 34% | Top 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 62 Riverbend Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on its exceptional lot size. The nearly half-acre (20,350 sqft) property is its standout feature, ranking in the top 3% of lots locally and the top 1% citywide. This offers rare potential for expansion, gardening, or outdoor recreation in the city. The house itself is a modest 940 sqft bungalow built in 1949, with a living area below neighbourhood and city averages. Its assessed value of $390,000 is consistently around the average for its immediate area.
The primary appeal lies in the land. It suits a buyer with a vision for the future—someone willing to invest in updates or an addition to the existing home to fully capitalize on the generous yard. It’s also a fit for those seeking space and privacy without moving to a rural area, or an investor who recognizes the underlying land value. The price point, anchored by the smaller, older home, provides an entry into the neighbourhood with a unique asset not found in typical listings.
Section 2: Frequently Asked Questions
1. Is the house in move-in condition?
Given its age (1949) and below-average living area, buyers should budget for updates. The value here is significantly in the land, so the condition of the home should be verified through a thorough inspection.
2. What can I do with such a large lot?
The lot size offers flexibility rarely found in the city. Possibilities could include a significant home addition, building a detached garage or workshop, creating extensive landscaping or gardens, or simply enjoying substantial private outdoor space. Local zoning bylaws should be checked for any restrictions.
3. How does the sold price history work?
The listed sale in 2022 for an estimated $300k–$350k is based on public data. To obtain the exact sale price, you must request it via email from the site, as they manually provide this specific figure.
4. The assessed value seems low for a $390k property. Why?
Manitoba uses a different assessment system. The "39.0k" figure is the provincial assessment, not a market valuation. The $390,000 is the current asking or estimated market value, which is ten times that assessment—a common multiplier in the region.
5. Are the older home systems a concern?
A home built in 1949 will have aging core systems like plumbing, electrical, and the roof. While potentially functional, their remaining lifespan and any updates should be a key focus of an inspection and factored into renovation plans.
