Property score
58.7
Fair
Overall 58.7 · Smaller and older than most nearby homes
908 sqft (bottom 10%) · Built in 1946 (29 yrs older than avg)
Located in a high-income area with median household income of ~102k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 2 schools, 1 healthcare facility, 1 shop, and 5 parks nearby
Living Area
Below average
37% smaller than neighborhood avg.
Year Built
Below average
29 yrs older than neighborhood avg.
Mother tongue
English · 83%French · 2%
Past 10 years Minnetonka sales snapshot (~80% of all data)
457
410k
$369/sqft
1975
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58.7 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: #46111000
$102K
Median household income
$115K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.5
P90 / P10 ratio
21%
Single-person households
28%
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
697 River Road — 11 amenities found within 500 m, across 5 categories, including 2 education (nearest 176 m), 1 healthcare (nearest 480 m), 1 shopping (nearest 393 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 16% | Bottom 11% | Bottom 35% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 4% | Bottom 1% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 697 River Road in Winnipeg’s Minnetonka area is a compact, post-war bungalow built in 1946. Its key characteristics are defined by how it compares to its surroundings. At 908 square feet, the living area is notably smaller than most homes on its street and in the wider area. The lot size of 5,175 square feet is also below average for the neighbourhood, though it is closer to the typical city-wide lot size. A standout figure is its assessed value of $26,400, which is significantly lower than the averages for Minnetonka and the city, placing it in the bottom tier of area properties by this metric. Recent sales data shows it sold in the $250k-$300k range in 2021.
Section 1: Appeal & Suitability
The primary appeal of this property lies in its position as a potential entry point into the Minnetonka neighbourhood. Its lower assessed value and historically moderate sale price suggest it could be one of the more accessible homes in the area, suited for first-time buyers, investors, or those seeking a minimalist footprint. The lot, while smaller than others on the street, still provides reasonable outdoor space for a city home.
Its suitability is for a specific buyer: someone comfortable with a home that requires updates (given its age and value positioning) and who prioritizes location over size. It’s not a fit for those needing ample square footage or a modern, turn-key property. A thoughtful perspective is that this smaller, older home on a desirable street could represent a "value-add" opportunity in a neighbourhood of larger, higher-value homes, appealing to those with renovation vision or seeking lower property taxes relative to their neighbours.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Assessed value is for municipal tax purposes and is influenced by factors like home size, age, and condition. This home’s smaller size, older age, and potential need for updates result in a lower assessment compared to newer, larger homes citywide.
2. Is the smaller lot size a major disadvantage?
While the lot is below average for Minnetonka, it is near the city-wide average. It offers a manageable yard with less maintenance. The trade-off is less private outdoor space compared to immediate neighbours.
3. What should I consider due to the home's age (built 1946)?
An 80-year-old home will likely have older building systems (plumbing, electrical, roof) and may lack modern insulation. A thorough inspection is essential to understand the condition and potential update costs, which could be a significant factor in your budget.
4. The home sold for $250k-$300k in 2021, but the assessed value is only $26.4k. How does that work?
The assessed value is not the market value. Market value is what a buyer is willing to pay based on the market at the time of sale. The assessed value is an estimate used by the city to calculate property taxes and is typically a fraction of the market price.
5. Who would this property not be suitable for?
It would likely not suit growing families needing multiple bedrooms and more living space, buyers wanting a move-in-ready modern home without renovation projects, or those who prioritize having a large yard comparable to others on the street.
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