Property score
74.3
Good
Overall 74.3 · Larger and newer than most nearby homes
1,536 sqft (top 8%) · Built in 2024 (73 yrs newer than avg)
Located in a above-average income area with median household income of ~70.5k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 3 dining spots, 1 school, 2 healthcare facilitys, and 1 park nearby
Living Area
Above average
54% larger than neighborhood avg.
Year Built
Above average
73 yrs newer 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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74.3 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
16 Loraine Street — 13 amenities found within 500 m, across 6 categories, including 3 dining (nearest 132 m), 1 education (nearest 399 m), 2 healthcare (nearest 77 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 | Top 33% | Top 1% | Top 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 16 Loraine Street
Key Characteristics & Appeal
This 2024-built home at 16 Loraine Street presents a distinct, modern offering within the established Varennes neighborhood. Its primary appeal lies in its exceptional newness and efficient, above-average living space, set against a more compact lot.
The 1,536 sqft home is notably larger than most in its immediate area, ranking in the top 8% of the neighborhood for living area. Combined with its brand-new condition (newer than 99% of homes citywide), it offers a move-in-ready, modern lifestyle without the typical maintenance concerns of an older property. The assessed value of $560k reflects this premium, placing it well above local averages and indicating a perceived high quality and desirability.
This property suits buyers prioritizing a modern, low-maintenance home in a mature community. It’s ideal for those who value interior space and contemporary finishes over a large yard. The smaller, 2,570 sqft lot means less outdoor upkeep, which could be a perfect fit for busy professionals, small families, or downsizers seeking a new build within a settled area, rather than on the suburban fringe. It represents a trade-off: maximum modernity and interior comfort on a efficiently sized parcel of land.
Frequently Asked Questions
Q: The lot size is noted as "below average." How significant is this?
A: The lot is compact, especially compared to others on Loraine Street. This means a smaller yard for gardening or play, but also significantly less maintenance. The focus here is squarely on the new home itself and its interior space.
Q: Why is the assessed value so much higher than the neighborhood average?
A: The assessed value reflects the home's brand-new condition (2024), its above-average square footage for the area, and modern construction standards. You are paying a premium for a virtually new property in an area where most homes are over 70 years old.
Q: What does the "Elite" ranking for year built mean practically?
A: Practically, it means major components like the roof, HVAC, windows, and appliances are new and under warranty. It also suggests modern building codes, energy efficiency, and likely an open-concept layout not common in older area homes.
Q: Is this a good investment for the price?
A: The data shows you are paying for a rare product: a new home in an established neighborhood. While it commands a high value now, its uniqueness may appeal to future buyers seeking the same combination. It may follow a different value trajectory than the typical, older area home.
Q: Who might this property not suit?
A: It may not suit buyers seeking a large, traditional yard, extensive gardening space, or the character and renovation potential of an older home. Those looking for the most square footage or land for their budget might find better value in an older, larger property.
