Property score
54.5
Fair
Overall 54.5 · Older than most nearby homes
1,036 sqft (top 38%) · Built in 1923 (28 yrs older than avg)
Located in a above-average income area with median household income of ~78.5k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 6 dining spots, 3 schools, 1 shop, and 3 parks nearby
Living Area
Near average
4% larger than neighborhood avg.
Year Built
Below average
28 yrs older than neighborhood avg.
Mother tongue
English · 72%French · 5%
Past 10 years Varennes sales snapshot (~80% of all data)
171
455.5k
$420/sqft
1951
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54.5 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: #46110612
$79K
Median household income
$69K
Average household income
13%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.3
P90 / P10 ratio
30%
Single-person households
26%
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
15 Fermor Avenue — 14 amenities found within 500 m, across 5 categories, including 6 dining (nearest 92 m), 3 education (nearest 201 m), 1 shopping (nearest 218 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 5% | Bottom 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 15 Fermor Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot and significantly below-average property taxes. At just over 1,000 sqft, the living space is typical for its immediate street and Varennes neighborhood, but it sits on a larger-than-average lot for the area, offering valuable outdoor space. The most striking feature is its assessed value, which is consistently in the bottom 3-10% of comparable homes across all levels—street, neighborhood, and city. This translates directly to much lower annual property tax bills, a compelling financial advantage.
The appeal here is practical and financial. It suits a first-time buyer, an investor, or a downsizer seeking to minimize carrying costs while securing a house with land in Winnipeg. The trade-off is the home’s age (built 1923) and likely the need for updates, as reflected in the low assessment. This isn't a move-in-ready showcase but a solid foundation—a character home where the savings on purchase price and taxes can be strategically redirected toward renovations and customization.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbors?
The primary reason is the home's age and, typically, its condition or modernization level relative to nearby properties. Assessment is based on market value for taxation purposes. A lower assessment suggests the property may require updates, but it guarantees substantially lower annual property taxes.
2. Is the smaller living area a drawback?
At 1,036 sqft, it's on par with many homes on Fermor Avenue and in Varennes. It represents a manageable, efficient footprint that is less common city-wide, where averages are higher. This can mean lower utility costs and less maintenance.
3. What are the implications of the larger lot size?
The lot is above average for the neighborhood, providing more private outdoor space, room for gardening, or potential for additions like a shed or deck. It’s a feature that adds long-term value and flexibility you wouldn’t get with a standard lot.
4. How much could I save on property taxes?
Based on the provided averages, your tax bill could be roughly half of what a neighbor in a typically assessed home on the same street might pay. Exact savings depend on the mill rate, but the differential is significant.
5. What should I budget for renovations?
This is the key question. The financial benefit of a low purchase price and low taxes must be balanced against likely updates. A thorough inspection is essential to budget for modernizing essentials like wiring, plumbing, windows, and insulation, alongside any cosmetic improvements.
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