Property Overview: 377 Riel Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 377 Riel Avenue in Minnetonka presents a practical opportunity in Winnipeg’s housing market. Built in 1975, it is notably newer than many of its immediate neighbors on Riel Avenue, which can suggest updated infrastructure or building materials compared to older stock. With 1,044 sqft of living space and a 5,834 sqft lot, the property offers a manageable size. The data indicates its living space is more compact compared to the broader Minnetonka area average, positioning it as a potentially efficient and easier-to-maintain home.
Its core appeal lies in its straightforward, average valuation within its immediate locale, as reflected in its assessed value. This combination of a newer build date for the street with a standard footprint makes it a candidate for value-conscious buyers. It would suit first-time homeowners looking for an entry point into the market, or practical buyers seeking a home that balances lot size with a manageable interior, without the premium or upkeep of a larger property. A thoughtful perspective is that while its lot size is below the area average, it is still generous city-wide, offering outdoor space without being overwhelming.
Section 2: Frequently Asked Questions
1. How does the 1975 build date compare to nearby homes?
This home is newer than most on its specific street, ranking in the top 15% for year built on Riel Avenue. This can be an advantage, potentially meaning fewer immediate major updates compared to older neighboring houses.
2. Is the living space smaller than average?
Yes. At 1,044 sqft, the living area is below the average for both the Minnetonka area and the city overall. This points to a more compact, efficient layout.
3. What does the assessed value tell me about this property?
The assessed value is very close to the average for Riel Avenue itself, suggesting it is priced consistently within its most direct neighborhood context, rather than standing out as unusually high or low.
4. How does the lot size compare?
The lot is 5,834 sqft. It is smaller than the average lot in the Minnetonka area but is still around the average size when compared to lots across the entire city.
5. Where can I see more context about this specific location?
A detailed neighbourhood analysis map is available, allowing you to compare this property directly with nearby homes in terms of year built, living area, assessed value, and lot size.