Property Overview
136 Riel Avenue is a 1,006 sqft bungalow built in 1973, situated on a 5,999 sqft lot in Winnipeg's Minnetonka neighbourhood. The home presents a practical entry point into the market, with an assessed value that is competitive within its immediate area. Its appeal lies in its manageability and its position as a relatively average property within its local context, offering stability rather than standout features.
Key Characteristics & Ideal Buyer
This is a home defined by its modesty and consistency. Its living space is notably compact compared to area averages, suggesting a efficient, low-maintenance layout suitable for individuals, couples, or small families. The lot size is generous for the home's footprint, providing valuable outdoor space that is larger than many city-wide comparators—a point of quiet advantage for gardening, recreation, or future expansion.
The property’s assessed value is squarely average for its street but sits below the average for the broader Minnetonka area. This indicates a potential value opportunity for a buyer prioritizing location within the neighbourhood while accepting a home that may require updates common for its era. It would best suit a first-time buyer, a downsizer, or a pragmatic investor looking for a straightforward property without extreme peaks or valleys in its metrics. Its history shows a sale between 2017-2025 in the $250k-$300k range, which performed very well against local and area averages at the time.
Frequently Asked Questions
1. How does the home's size truly compare to others?
At 1,006 sqft, the living area is below the average for Minnetonka (~1,439 sqft) and its own street (~1,202 sqft). This confirms it as a cozier, more efficient property, not a sprawling family home.
2. Is the assessed value a good indicator of market price?
The assessed value ($37.30k) is a municipal figure for tax purposes, not market value. Historically, the home sold for between $250k and $300k. The assessment is useful for comparing its tax base relative to neighbours.
3. What does the lot size ranking mean?
While the 5,999 sqft lot is around average for the street, it ranks in the top 32% city-wide. This means you get more outdoor space than most properties in Winnipeg, a significant perk.
4. What might "below average" living area mean for renovations?
The below-average square footage, paired with an above-average city-wide lot size, could suggest potential for a thoughtful addition or expansion, subject to zoning and permits.
5. How reliable is the past sale price information?
The provided sale price is a range from public data. For the exact historical sale price, you must request it directly via the email service offered, as the listing agent verifies this information manually.