Property Overview
This home at 308 River Road in Minnetonka presents a practical and above-average offering within its market. Built in 1990, it is notably newer than most homes in the immediate area, which often means fewer concerns about outdated major systems and potential for more modern interior layouts. With 1,854 sqft of living space, it provides more room than the majority of homes in Winnipeg, ranking in the top 15% city-wide for size. The lot, at 7,424 sqft, is also more generous than the typical city lot, offering good outdoor space.
Its appeal lies in this combination of a relatively recent build date and spacious interior, set on a solid lot. The assessed value is positioned around the average for the street and neighbourhood, but ranks above average across the wider city, suggesting the home may represent good value in a broader context. It last sold between $350k-$400k in 2019.
This property would suit buyers looking for a move-in-ready home that doesn’t require the updates common with older properties, and who prioritize interior space and a decent yard. It’s a strong fit for a growing family or someone moving from a smaller home who wants room to spread out without venturing into a massive, high-maintenance property.
Frequently Asked Questions
1. How does this home’s size really compare to others?
At 1,854 sqft, this home is larger than approximately 85% of all homes in Winnipeg. On its own street (River Road), it ranks in the top 27% for living area.
2. What does the 1990 build year imply?
Built in 1990, the home is significantly newer than the average house on its street (avg. 1969) and in Minnetonka (avg. 1975). This typically suggests building materials and standards are more contemporary, and major components like wiring, plumbing, and windows may have more usable life remaining than in a mid-century home.
3. Is the assessed value a reliable indicator of the listing or sale price?
Not directly. The assessed value ( $46.10k ) is for municipal tax purposes. The home’s last sale price was between $350k-$400k in 2019. Market conditions, renovations, and demand ultimately determine the listing price.
4. The lot seems smaller than the area average. Is that a drawback?
While the 7,424 sqft lot is smaller than the average lot on River Road, it is still larger than 86% of lots across the entire city. It offers substantial outdoor space by general urban standards, just not an exceptionally large yard for that specific street.
5. How can I find out the exact past sale prices?
The provider states that exact sold prices are verified manually from their records. You can submit your email via the "Get exact sold price history" button on the detail page for a direct, gimmick-free reply.