Property Overview & Appeal
This home at 239 Riel Avenue presents a solid, average-sized offering in Winnipeg's Minnetonka neighbourhood. Built in 1974, it is actually newer than many homes on its own street. With 1,188 sqft of living space and a 6,157 sqft lot, its size is consistently around the median when compared locally, though the lot size ranks above average city-wide. The assessed value is modest and sits comfortably in the middle range for the area.
The appeal lies in its straightforward, balanced metrics. It’s not an outlier in any category, which suggests a predictable and stable investment in an established community. A thoughtful perspective is that its "average" standings across the board could mean less competition and more room for negotiation compared to properties with standout features that command premium prices. It last sold for an estimated $400k-$450k in 2022.
This property would suit first-time buyers looking for an entry point into the market, or practical investors seeking a residential property with steady, proven value. It’s for someone who prioritizes a decent-sized lot and a home that doesn’t require extensive modernization over high-end finishes or square footage.
Frequently Asked Questions
How does this home’s size compare to its neighbours?
At 1,188 sqft, the living area is very close to the average for Riel Avenue (1,202 sqft) and ranks in the top 38% on the street, meaning it's actually a bit larger than many nearby homes.
Is the assessed value a good indicator of the likely selling price?
The assessed value is for municipal tax purposes and is often lower than market value. The home's previous sale in the $400k-$450k range in 2022 is a more current indicator, though market conditions have shifted since then.
What does the "above average" year built ranking mean?
Built in 1974, this home is newer than the average house on Riel Avenue (1969). This could imply potentially fewer age-related issues than some immediate neighbours, though a full inspection is always recommended.
How does the lot size compare to the rest of Winnipeg?
The 6,157 sqft lot ranks in the top 28% city-wide, meaning it's larger than most residential lots in Winnipeg. This is a less obvious advantage, offering more outdoor space than you might find in many other parts of the city.
Where can I see more detailed context about the neighbourhood?
You can open the dedicated neighbourhood analysis page to view this property on a map alongside nearby homes, comparing details like year built, living area, and lot size directly.