48.2
Below average
Property score
48.2
Below average
Overall 48.2
Smaller than most nearby homes
720 sqft (bottom 17%)
Built in 1941 (10 yrs older than avg)
Located in a above-average income area
with median household income of ~70.5k
Transit 74.0
2-min walk to transit with 2 nearby routes
Within 500m: 3 dining spots, 1 school, 2 healthcare facilitys, and 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
28% smaller than neighborhood avg.
Year Built
Near average
10 yrs older than neighborhood avg.
Mother tongue
English · 77%Tagalog · 4%
Past 10 years Varennes sales snapshot (~80% of all data)
171
455.5k
$420/sqft
1951
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48.2 is composed by the two sections below.
Property Score
Community Score
Varennes
How to read: Share of sales in each ~$50k price band for “varennes” (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: #46110616
$71K
Median household income
$78K
Average household income
14%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.2
P90 / P10 ratio
34%
Single-person households
20%
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
10 Loraine Street — 13 amenities found within 500 m, across 6 categories, including 3 dining (nearest 167 m), 1 education (nearest 379 m), 2 healthcare (nearest 54 m).
Varennes · WPS public data · 2026
Annual incidents
8
2026
vs. city avg
-73%
relative to avg
Year-over-year
▼ -93%
vs. prior year
Primary type
Property
75%
Local garbage, recycling, and yard waste pickup schedule for 10 Loraine Street.
Garbage
tuesday
Recycling
tuesday
Yard Waste
tuesday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 33% | Bottom 25% | Bottom 19% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 19% | Bottom 16% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 10 Loraine Street, Winnipeg
Key Characteristics & Appeal
This is a 720 sqft home built in 1941 on a 5,135 sqft lot in Varennes, with a municipal assessed value of $258k. Its primary appeal lies in being a modest, entry-level property in a mature neighbourhood. The lot size is notably above average for the immediate area, offering good outdoor space relative to nearby homes.
The property suits first-time buyers or practical investors seeking an affordable foothold in the market. It represents a value-conscious choice, as its assessed value is significantly below the averages for its own street and the wider city. This suggests potential for buyers comfortable with a home that may require updates, trading modern finishes or size for lot space and a lower financial barrier to entry. A thoughtful perspective is that while the living space is compact, the above-average lot for the neighbourhood provides valuable flexibility for gardening, expansion, or simply more private outdoor room than many neighbours have—a feature not immediately apparent from the square footage alone.
Frequently Asked Questions
1. Why is the assessed value so much lower than the street average?
The assessed value of $258k is well below the $406.8k average for Loraine Street. This typically reflects the home's smaller size (720 sqft vs. a 1,139 sqft street average), its older construction, and the municipality's valuation of its current condition and features relative to others on the block.
2. What does the ranking data (e.g., "Top 87%") actually mean?
A "Top 87%" rank for living area means this home's square footage is greater than only 13% of comparable homes on its street—so it's in the bottom 13% for size locally. Higher percentile numbers generally indicate a property ranks below the average for that specific metric.
3. Is the lot a good size for the area?
Yes. The 5,135 sqft lot is larger than most in the Varennes neighbourhood (ranking above 73% of comparable lots here). This is a standout feature, as the home itself is smaller than area averages.
4. How does the age of the home compare to others?
Built in 1941, it is older than the citywide average but is generally around the average age for both its immediate street and the Varennes neighbourhood, which consist largely of mid-20th century homes.
5. Who would this property not be suitable for?
It may not suit buyers looking for a move-in-ready home with modern amenities, those who need more interior space, or anyone seeking a property that performs above average in standard metrics like size or immediate valuation.
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