317 River Road

Property Overview: 317 River Road, Minnetonka, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 317 River Road is a practical, mid-century property built in 1974, situated on a generous 7,514 sqft lot. With 1,204 sqft of living space, it offers a comfortable footprint that is slightly below average for its immediate street but aligns closely with the typical Winnipeg home. Its assessed value is notably modest compared to city-wide averages, suggesting a potentially accessible entry point into the Minnetonka neighborhood.

The primary appeal lies in its balance of space and value. The lot size is a standout feature, offering above-average outdoor space for the city, which is a significant advantage for gardening, recreation, or future expansion. The home’s position on River Road places it among established properties, and its recent sale history indicates steady market interest. It suits first-time buyers seeking a manageable home with a sizable yard, value-oriented investors, or downsizers looking for a single-level living opportunity without sacrificing outdoor privacy. A thoughtful perspective is that this property represents a "blank canvas" opportunity—its average metrics across the board mean it isn't paying a premium for top-tier finishes or size, allowing a new owner to add value through updates tailored to their taste.

Section 2: Frequently Asked Questions

1. How does the home's size compare to others in the area?
At 1,204 sqft, the living area is smaller than the average home on River Road but is very close to the average for both the wider Minnetonka area and the city of Winnipeg as a whole, making it a typically sized family home.

2. Is the assessed value a good indicator of the likely selling price?
The assessed value for tax purposes is $39,900, which is significantly lower than recent sold price ranges (e.g., $400k-$450k in 2021). Market value is driven by recent sales, location, and condition, so the assessed value should not be used as a price guide.

3. What is the significance of the lot size?
The 7,514 sqft lot is a key asset. While around average for the street, it places in the top 13% city-wide, meaning you get more outdoor space than most Winnipeg properties—a valuable feature for privacy, landscaping, or potential additions.

4. The home was last sold in 2021. What does that recent activity suggest?
The sale in 2021 (and prior in 2017) shows consistent marketability. The increase in sold price range between 2017 and 2021 also reflects broader market trends, indicating the property has maintained its appeal.

5. Where can I find more detailed context about the neighborhood?
For a precise analysis comparing this property to its immediate neighbors in terms of year built, size, value, and lot size, you can use the dedicated neighbourhood map analysis tool linked on the property page.