Property Overview: 172 Riel Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 172 Riel Avenue presents as a solid, average-sized property within its Minnetonka neighbourhood. Built in 1973, it offers 1,130 sqft of living space on a 5,760 sqft lot, with dimensions that are consistently around the median when compared to its immediate street, local area, and the wider city. Its assessed value of $38,800 aligns closely with homes on Riel Avenue, though it sits below the average for both the Minnetonka area and Winnipeg overall. A notable data point is its sale in the 2021-2025 period for an estimated $400k-$450k, which performed well against local and city-wide benchmarks at the time.
The appeal here is one of consistency and neighbourhood integration. This isn't an outlier property; it's a representative home in a mature community. It would suit a pragmatic buyer—perhaps a first-time homeowner or downsizer—who values a stable, established area over a flashy or oversized lot. The data suggests a property that has held its relative position without dramatic swings, indicating a predictable investment in a known quantity. A thoughtful perspective is that its "average" metrics across the board could mean fewer surprises and a smoother appraisal process compared to more unique or irregular properties.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely market price?
The assessed value ($38,800) is for municipal tax purposes and is typically much lower than market value. The prior sale estimate of $400k-$450k from 2021 is a more relevant, though historical, indicator of its market price.
2. Is the lot size a disadvantage?
The lot is below average for the Minnetonka area but is close to the city-wide average. It may offer lower maintenance than larger lots in the neighbourhood, which could be a benefit for some buyers.
3. What does the "around average" ranking for most features mean?
It indicates this home is very typical for its street and area in terms of size, age, and official value. This can be positive for resale, as it appeals to the common expectations for the neighbourhood.
4. How can I find out the exact past sale price?
The exact sold price is not publicly displayed. You can request it by email via the button on the property page; the service provides the accurate figure manually at no cost and without marketing spam.
5. The home is over 50 years old. What should I consider?
Built in 1973, it falls within a common age range for Winnipeg. A key consideration is not just the age, but the maintenance and updates made over time, which would be clarified through a professional home inspection.