Property Overview
150 Riel Avenue is a modest, single-family home in Winnipeg's Minnetonka neighbourhood. Built in 1970, it sits on a 4,999 sqft lot and offers 846 sqft of living space. Its key appeal lies in its affordability and efficient scale, presenting a clear value proposition within its immediate area. The home’s assessed value is consistent with others on its street, but it stands out for having a significantly smaller footprint and lot size compared to most neighbours. This creates a specific dynamic: you are purchasing a competitively priced entry point into a settled area where the typical home is larger.
Key Characteristics & Ideal Buyer
The home’s most defining characteristic is its compact size. With living area and lot size ranking in the bottom 10% locally, it is notably smaller than area averages. This isn’t necessarily a drawback—it translates to lower maintenance, both indoors and outdoors, and a correspondingly efficient use of space. Its assessed value is unexceptional for the street, suggesting the price reflects the land and location more than the structure itself.
The appeal here is grounded and practical. It suits a first-time buyer, an investor, or someone looking to downsize without leaving the neighbourhood. It represents a chance to own a detached home in Winnipeg without a premium price tag, ideal for those who prioritize financial accessibility over square footage. A thoughtful perspective is that this property could be a strategic “foot in the door” for the area, with potential to be updated or expanded over time, given the established character of the surrounding homes.
Frequently Asked Questions
1. Why is the living area so much smaller than neighbouring homes?
This home was built with a more compact, efficient layout compared to many others on the street and in Minnetonka. This is a key factor in its pricing and lower maintenance profile.
2. How stable has the property's value been?
Based on available data, the home sold in the CA$350k–400k range in 2021 and the CA$250k–300k range in 2016. Its current assessed value of $37.9k is very close to the street average, indicating stable value within its immediate context.
3. Is the lot size a limitation?
At just under 5,000 sqft, the yard is smaller than most in Minnetonka. This means less outdoor upkeep but also less private space. It is, however, close to the city-wide average for lot size.
4. What does the "rank" and "top" percentage data mean?
These figures show how this property compares to similar homes. For example, a "Top 98%" rank for living area means 98% of comparable homes are larger—it’s in the bottom 2% for size locally. This data helps contextualize its specs against the market.
5. How can I find out the exact historical sold prices?
The exact sold prices are not published publicly. You can request them directly via the provided email form on the listing page. The service is manual, with a promised reply by the end of the same business day, and your email is not used for marketing spam.