Property Overview: 327 Riel Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 327 Riel Avenue in Minnetonka presents a practical and straightforward opportunity. Built in 1974, it is a newer construction compared to many on its street, which may suggest updated building materials or systems relative to immediate neighbors. With 1,152 sqft of living space, it offers a comfortably sized layout that is very typical for the local area, neither exceptionally large nor small.
The property’s primary appeal lies in its consistency and positioning within a mature neighborhood. The assessed value is firmly in line with area averages, indicating a stable, non-speculative investment. A thoughtful perspective is the lot size: at 5,506 sqft, it is smaller than many in Minnetonka, which could mean less yard maintenance—a potential upside for buyers seeking a manageable outdoor space without the commitment of a large lot.
This home would suit first-time buyers looking for an entry point into an established community, or practical investors seeking a property with values that track steadily with the surrounding market. It’s a home for those who prioritize neighborhood stability over standout features, offering a solid foundation without extreme peaks or valleys in its metrics.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to the neighborhood?
At 1,152 sqft, the living area is very close to the average for both Riel Avenue and the wider Minnetonka area, placing it in the middle range of typical homes here.
2. Is the assessed value unusually high or low?
No, the assessed value of $38,800 is consistently around the average for the street, the Minnetonka area, and even city-wide when compared to similar homes. This suggests a stable, market-appropriate valuation.
3. The home sold between 2022-2025. What does that recent sale indicate?
The sold price range from 2022 placed it in the top 12% for its street at that time, indicating it may have been a particularly desirable property or sale on Riel Avenue in recent years, despite its otherwise average characteristics today.
4. What should I know about the lot size?
The land area of 5,506 sqft is notably smaller than many lots in the Minnetonka area. This could be a positive for lower maintenance, but may limit expansion possibilities or spacious outdoor activities compared to neighbors.
5. How can I get the exact historical sold price?
The provider offers a manual service to share the exact sold price via email upon request, stating they aim to reply by the end of the same day and will not use contact details for unsolicited marketing.