21 Victory Place

Varennes, Winnipeg

Property score

61.9

Fair

Overall 61.9 · Larger than most nearby homes

1,105 sqft (top 28%) · Built in 1945 (6 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 shop nearby

Living Area

Above average

11% larger than neighborhood avg.

Year Built

Near average

6 yrs older than neighborhood avg.

Mother tongue

English · 77%Tagalog · 4%

Past 10 years Varennes sales snapshot (~80% of all data)

Sold Count

171

Median price

455.5k

$/sqft

$420/sqft

Avg build year

1951

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Property score

61.9 is composed by the two sections below.

Property Score

53.9Fair
Living Area1,105 sqft60Fair
Year Built194530Low
Lot Size4,645 sqft60Fair
Neighbourhood Sales Activity59Fair

Community Score

73.9Good
Household Income72Good
Education Level54Fair
Housing Stress83Excellent
Core Housing Need88Excellent
Employment Health100Excellent

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110616

Community deep dive

$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

Population, labour & age

Population (2021)372
Labour force participation rate82%
Median age34.0
Avg household size2.1
Unemployment rate0%
Population density3381 / km²

Households & income

Low income (LIM-AT, % pop.)14%
Single-person households34%
Couple families with children20%
Median household income (2020)$71K

Housing

Renter households58%
Condominium dwellings0%
Median dwelling value (owners)$270K

Diversity, education & language

Immigrants (share of pop.)11%
Visible minority17%
Bachelor's or higher (25–64)28%
Mother tongue (1st)English · 77%
Mother tongue (2nd)Tagalog · 4%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,105 sqft
0255075100
Same streetBottom 46%Same areaTop 28%CitywideBottom 40%
Same street · Victory Place
#15 / 28
Bottom 46% · Avg 1,058 sqft
Same area · Varennes
#120 / 426
Top 28% · Avg 997 sqft
Citywide · Winnipeg
#116,321 / 194,458
Bottom 40% · Avg 1,342 sqft

Tax-Assessed Value

above average
307k
0255075100
Same streetTop 11%Same areaTop 35%CitywideBottom 31%
Same street · Victory Place
#3 / 28
Top 11% · Avg 285.7k
Same area · Varennes
#149 / 426
Top 35% · Avg 318.6k
Citywide · Winnipeg
#133,605 / 194,458
Bottom 31% · Avg 390.1k

Year Built

around average
1945
0255075100
Same streetBottom 46%Same areaTop 41%CitywideBottom 22%

Lot Size

around average
4,645 sqft
0255075100
Same streetTop 39%Same areaBottom 32%CitywideBottom 37%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

21 Victory Place — 15 amenities found within 500 m, across 8 categories, including 3 dining (nearest 223 m), 1 education (nearest 251 m), 2 healthcare (nearest 168 m).

Search radius
🍽️Dining3
🏫Education1
🏥Healthcare2
🛒Shopping1
🌳Parks1
🏦Finance1
Fuel Stations2
Worship4

Crime & Safety

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%

Sales History

Sold 7/2016CA$250k–300k
Sold price

Same street

Bottom 30%

Same area

Bottom 48%

City-wide

Bottom 28%

Related homes

Highlights & common questions: 21 Victory Place, Winnipeg

Property Overview

This home at 21 Victory Place presents a solid, well-positioned property in Winnipeg's Varennes neighborhood. Its primary appeal lies in offering above-average value and space within its immediate surroundings, making it a practical and competitive choice in its local market.

Key Characteristics & Ideal Buyer

The home's key characteristic is its strong standing on its own street. With an assessed value ranking in the top 11% of Victory Place and living space that exceeds the neighborhood average, it offers more house for the money compared to its direct neighbors. This suggests a property that is both a good relative value and comfortably sized for the area. Its 1945 build date is typical for the street but is older than the Winnipeg average, indicating a classic home that likely retains period charm but may require updates.

This property would suit a pragmatic buyer looking for a established community. It's ideal for someone who prioritizes getting more interior space and a higher perceived value than nearby homes, rather than seeking the newest construction or the largest city-wide lot. The buyer likely values neighborhood character and a sensible investment over a blank-slate modern property. A thoughtful perspective is that this home represents stability—it's not the newest or largest in the city, but its strong street-level rankings show it has been a consistently desirable property in its micro-market.

Frequently Asked Questions

Q: How does this home's value compare to others nearby?
A: Its assessed value is above the average for Victory Place itself, ranking 3rd out of 28 homes on the street. Compared to the wider Varennes neighborhood and Winnipeg overall, its value is around the average.

Q: Is the living space considered large?
A: At 1,105 sqft, the living area is above the average for the Varennes neighborhood but is close to the average for both its own street and the city as a whole. It offers comfortable, standard-sized accommodation.

Q: What does the year built tell me about the property?
A: Built in 1945, the home is typical for its street and neighborhood but is older than the average Winnipeg home. Buyers should expect the character and potential maintenance considerations of a well-established, classic property.

Q: How does the lot size compare?
A: The land area is fairly standard for both Victory Place and the Varennes area. It is, however, smaller than the average lot across Winnipeg, which is common for many established inner-city neighborhoods.

Q: What is the main takeaway from all these rankings?
A: The data suggests this is a locally competitive property. Its greatest strengths are on its own street, where it offers strong value and ample living space compared to immediate neighbors, making it a standout choice within that specific community.

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