Property score
80.3
Excellent
Overall 80.3 · Newer than most nearby homes
1,224 sqft (bottom 43%) · Built in 1990
Located in a high-income area with median household income of ~141k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 place of worship nearby
Living Area
Near average
13% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 61%French · 5%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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80.3 is composed by the two sections below.
Property Score
Community Score
River Park South
How to read: Share of sales in each ~$50k price band for “river park south” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111261
$141K
Median household income
$159K
Average household income
3%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
9%
Single-person households
54%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
2 Vermette Place — 1 amenities found within 500 m, across 1 categories.
River Park South · WPS public data · 2026
Annual incidents
25
2026
vs. city avg
-15%
relative to avg
Year-over-year
▼ -90%
vs. prior year
Primary type
Property
64%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 33% | Top 19% | Top 18% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 2 Vermette Place, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in River Park South presents a compelling mix of value and established community living. Built in 1990, it is newer than most Winnipeg homes. Its key appeal lies in its generous, above-average lot size of over 8,100 sqft for the neighborhood, offering significant outdoor space that is increasingly rare. While the living area (1,224 sqft) is modest compared to immediate neighbors, it is squarely average for the wider area and city, suggesting a efficient, manageable layout.
The property’s assessed value of $498k sits above averages for both the neighborhood and the city, indicating perceived stability and desirability. However, its recent sold price range (CA$450k–500k) suggests it may offer relative value within its tier. This home would suit first-time buyers or downsizers seeking a lower-maintenance interior space paired with a substantial yard for gardening, pets, or recreation. It’s also a practical choice for value-conscious buyers who prioritize land size and a mature, established neighborhood over a larger house footprint.
Section 2: Frequently Asked Questions
1. Is the house smaller than others on the street?
Yes. The living area is below the street average. This typically means a more efficient layout and potentially lower utility costs, but it’s important to verify if the space meets your needs.
2. Why is the assessed value higher than the recent sold price?
The assessed value is for municipal tax purposes and reflects a provincial estimate. The sold price is the market value agreed upon by a buyer and seller. The range suggests the market may value it slightly below its tax assessment, which could represent an opportunity.
3. What does the large lot size mean practically?
With a lot size ranking in the top 8% for River Park South, you have more private outdoor space than most in the area. This allows for expansions like a shed, deck, or garden that might not be possible on standard lots.
4. How does the year built affect the home?
Built in 1990, the home is past the 30-year mark when major components (roof, HVAC, windows) may need attention or updating. A thorough inspection is advised, but its age is still newer than the typical Winnipeg home.
5. Where can I get the exact sold price history?
Due to data licensing rules, exact sold prices are not published on this site. You can request the exact figures via email from the provider, who will manually look up and send the verified transaction history.
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