Property Summary: 291 Riel Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a practical, no-frills home built in 1973, situated on a standard-sized lot in the Minnetonka neighbourhood. Its key characteristic is its modest scale: at 1,032 sqft, the living area is consistently below average for the street, the area, and the wider city, indicating a compact and likely efficient layout. The assessed value is modest and sits around the average for its immediate street, suggesting a manageable entry point into the market.
The appeal lies in its straightforwardness and potential as a starter home or a downsizing opportunity. For buyers, it represents a chance to enter homeownership without overextending financially, or to secure a lower-maintenance property. It would suit a first-time buyer comfortable with a cozier space, an investor looking for a rental property, or someone seeking a simpler living arrangement. A less obvious perspective is that a home of this size and vintage, while not standout in any metric, offers a stable and predictable footprint in a mature neighbourhood, which can be appealing for those prioritizing budget certainty over premium features.
Section 2: Frequently Asked Questions
1. Is this a small house?
Yes. At 1,032 square feet, it is notably smaller than most comparable homes on its street, in Minnetonka, and across Winnipeg.
2. What does the assessed value tell me about the price?
The assessed value is a municipal figure for tax purposes and is not the market price. However, its modest level—around average for the street but below average for the area—suggests a lower-value property, which typically correlates with a more affordable listing price.
3. How does the lot size compare?
The lot of 5,697 sqft is around average for the city but below average for the Minnetonka area. This means you have a decent outdoor space, though it may not be as large as some others in the immediate neighbourhood.
4. When was it last sold, and for how much?
Public records indicate a sale between 2020 and 2025, with a price range of CA$300,000–$350,000. The exact sale price is available upon request from the listing service.
5. Are homes from 1973 a concern?
Being over 50 years old, major components like the roof, windows, furnace, and plumbing may be near or past their typical lifespan. A thorough inspection is essential to understand the home's current condition and potential upcoming investments.