49.8
Below average
Property score
49.8
Below average
Overall 49.8
Smaller but newer than most nearby homes
704 sqft (bottom 14%)
Built in 1952 (1 yr newer than avg)
Located in a above-average income area
with median household income of ~71.5k
Transit 80.0
3-min walk to transit with 3 nearby routes
Within 500m: 6 dining spots, 1 school, 2 healthcare facilitys, and 2 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
29% smaller than neighborhood avg.
Year Built
Above average
1 yrs newer than neighborhood avg.
Mother tongue
English · 70%French · 7%
Past 10 years Varennes sales snapshot (~80% of all data)
171
455.5k
$420/sqft
1951
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49.8 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: #46110613
$72K
Median household income
$83K
Average household income
14%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.3
P90 / P10 ratio
30%
Single-person households
19%
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
23 Regal Avenue — 17 amenities found within 500 m, across 7 categories, including 6 dining (nearest 231 m), 1 education (nearest 73 m), 2 healthcare (nearest 360 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 23 Regal Avenue.
Garbage
tuesday
Recycling
tuesday
Yard Waste
tuesday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 5% | Bottom 24% | Bottom 19% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 3% | Bottom 12% | Bottom 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This home at 23 Regal Avenue in Winnipeg's Varennes neighborhood presents a clear value-oriented opportunity. Its key appeal lies in its below-average price point within a market of higher-valued homes, offering a more accessible entry into a stable, established area.
Key Characteristics & Ideal Buyer
The property is defined by its modest 704 sqft living space, which is notably smaller than averages on its street, in the neighborhood, and across Winnipeg. This results in a correspondingly lower assessed value of $241k, which sits well below the local and citywide averages. The lot size of just over 5,000 sqft is consistent with the area. Built in 1952, the home is of a similar vintage to many in its immediate surroundings.
Its primary appeal is financial. A buyer gets a foothold in a neighborhood where most homes are valued tens of thousands of dollars higher. This creates potential for equity growth through updates or simply by benefiting from the area's overall property values. It suits first-time buyers, investors looking for a rental property with a lower initial outlay, or downsizers seeking a manageable space without leaving a familiar community. A thoughtful perspective is that a smaller home on a standard lot can mean lower utility costs, less maintenance, and more usable outdoor space relative to the indoor footprint.
1. Why is the assessed value so much lower than the neighbors?
The assessed value is primarily driven by the home's significantly smaller living area compared to other homes on Regal Avenue and in Varennes. Property assessments are largely based on measurable characteristics like square footage, age, and lot size.
2. Does "below average" living area mean the house is too small?
Not necessarily. It means it's smaller than the typical home used for comparison in the reports. For the right buyer, this efficient layout can be a benefit, reducing cleaning, heating, and maintenance responsibilities. It emphasizes function over size.
3. Is the older build year (1952) a concern?
The build year is around average for the street and neighborhood, indicating the area is well-established. As with any home of this age, the condition of major systems (roof, wiring, plumbing, foundation) and any updates completed will be more important than the build date itself.
4. What does the lot size ranking mean for me?
The lot is average for the immediate area but smaller than the Winnipeg-wide average. In practical terms, it provides a standard-sized yard for the Varennes neighborhood, which is typical for the community's design.
5. How should I use these comparison rankings?
These rankings are a useful snapshot for understanding this property's position in the market. They highlight that you are purchasing a more compact, value-priced home in an area of generally larger, higher-valued properties. Your personal valuation should focus on the home's specific condition, layout, and its fit for your needs.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
