Property Overview: 319 Riel Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This single-family home at 319 Riel Avenue in the Minnetonka neighbourhood is a practical and affordable entry point into the Winnipeg market. Built in 1973, it sits on a roughly 5,700 sqft lot. With 960 sqft of living space, the home is compact, ranking below the average size for its immediate area and the wider city. This positions it as a more manageable property, potentially with lower utility and maintenance costs.
Its primary appeal lies in its financial accessibility. The home’s assessed value is notably below the area average for Minnetonka, suggesting a lower property tax burden and an attractive price point for budget-conscious buyers. A sale in the 2022-2025 period was recorded in the CA$350k–400k range, which aligns with this profile. The lot size, while smaller than some neighbours, still offers decent outdoor space for a first home or downsizer.
This property would best suit first-time buyers seeking a foothold in the market without overextending themselves, or investors looking for a straightforward rental property. It’s a home that prioritizes function and affordability over size or modern luxury, appealing to those who see value in a solid, no-frills foundation they can live in or build upon over time.
Section 2: Frequently Asked Questions
1. Is this a good value for the area?
Based on the data, the assessed value is below the average for Minnetonka, which typically indicates a lower purchase price and property taxes. This can represent a strong value for buyers focused on affordability within a established neighbourhood.
2. How does the home’s size compare to others?
At 960 sqft, the living area is below average for the street, the Minnetonka area, and the city overall. Buyers should expect a compact layout, which may be ideal for individuals, couples, or those looking to downsize.
3. What can the lot size accommodate?
The 5,696 sqft lot is smaller than many in Minnetonka but is close to the city-wide average. It provides adequate yard space for gardening, recreation, or a small addition, but may not accommodate a large pool or extensive outbuildings.
4. Are sold prices for this home available?
An approximate sold price range (CA$350k–400k) from a recent sale is provided. For the exact historical sold price, you must request it directly via the provided email service on the listing page.
5. What is the neighbourhood context?
The home is on a street with properties of similar age and value. The provided rankings show it sits in the middle of the pack for assessed value on Riel Avenue itself, meaning it fits consistently within its immediate streetscape rather than standing out as an anomaly.