Property Overview: 271 Riel Avenue, Winnipeg
Key Characteristics & Appeal
This home at 271 Riel Avenue in Minnetonka presents a compelling case based on its above-average interior space and value. Built in 1974, its key strength is a generous 1,664 sqft of living area, which ranks in the top 7% of homes on its street and well above averages for both the neighbourhood and the wider city. This suggests a home that offers more room than many in the immediate area, potentially with a more functional layout for a growing family or those needing dedicated space for work or hobbies.
The appeal lies in this combination of spacious interiors within a mature, established neighbourhood. The assessed value is also strong for the street, ranking in the top 10%. A less obvious perspective is the lot size: at 5,498 sqft, it is smaller than most on the street and in Minnetonka, which could mean less yard maintenance—a plus for some buyers—but may limit expansion possibilities. The home last sold between $400k-$450k in 2021, providing a recent market benchmark.
This property would best suit buyers prioritizing interior square footage over a large yard, who value a home that stands out in its immediate vicinity for size and perceived value. It’s a practical choice for those seeking roominess in a settled community without necessarily needing the largest lot on the block.
Frequently Asked Questions
1. How does the home’s size truly compare to others?
The living area of 1,664 sqft is notably larger than comparable homes on Riel Avenue (avg. ~1,202 sqft), in Minnetonka (avg. ~1,439 sqft), and city-wide (avg. ~1,342 sqft), placing it in the top 22-27% of homes overall for space.
2. Is the lot size a disadvantage?
The lot is 5,498 sqft, which is below the average for both the street and the neighbourhood. This means a more manageable yard but may offer less privacy or room for additions like a large deck or pool compared to neighbours.
3. What does the assessed value indicate?
The $44.80k assessed value ranks highly on its street (top 10%) and above average city-wide. It’s important to note this is for taxation purposes; market value is better indicated by the 2021 sale price of $400k-$450k and current local comparisons.
4. How old is the home, and what might that mean?
Built in 1974, the home is slightly newer than the street average (1969) and typical for the area. Buyers should budget for updates common to homes of this era, such as windows, roofing, or mechanical systems, while potentially benefiting from a more modern layout than older stock.
5. Where can I get more specific historical data?
The exact historical sold price is not published publicly. You can request this detailed information directly via the provided email contact on the listing page for a precise record.