47.0
Below average
Property score
47.0
Below average
Overall 47.0
Smaller than most nearby homes
696 sqft (bottom 13%)
Built in 1926 (25 yrs older than avg)
Located in a above-average income area
with median household income of ~71.5k
Transit 74.0
3-min walk to transit with 2 nearby routes
Within 500m: 5 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
30% smaller than neighborhood avg.
Year Built
Below average
25 yrs older 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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47.0 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
32 Sherwood Place — 17 amenities found within 500 m, across 7 categories, including 5 dining (nearest 125 m), 1 education (nearest 202 m), 2 healthcare (nearest 224 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 32 Sherwood Place.
Garbage
tuesday
Recycling
tuesday
Yard Waste
tuesday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 37% | Bottom 32% | Bottom 22% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 32 Sherwood Place, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling value proposition centered on its generous lot. At just under 700 sqft, the living space is modest and below average for the street, neighborhood, and city. However, this is balanced by a land area of 6,914 sqft, which ranks in the top 2% of the Varennes neighborhood. The assessed value sits around the average for its immediate street, suggesting a fair entry point into the area.
The primary appeal lies in the potential of the property itself rather than the existing footprint. It suits a specific buyer: someone seeking an affordable foothold in a stable neighborhood who is willing to invest in renovations or an addition to capitalize on the large yard. It could also be ideal for a buyer who values expansive outdoor space for gardening, recreation, or future projects more than expansive indoor square footage. The 1926 build date offers classic charm but implies a need for thorough inspection regarding updates to major systems.
Section 2: Frequently Asked Questions
Q: The house seems small. Is there room to expand?
A: The standout feature is the lot size, which is exceptionally large for the neighborhood. This provides a clear and rare opportunity for a significant addition, a detached garage, or workshop, subject to local zoning and permits.
Q: How does the value compare to other homes?
A: The assessed value is very typical for Sherwood Place itself, indicating you're not paying a premium for the address. Its value ranks lower city-wide, primarily due to the smaller home size, which is reflected in the price.
Q: What should I consider about the 1926 build date?
A: While the home is older than many in Winnipeg, it's actually around the average age for its specific street. This suggests the character of the block is established. A priority should be evaluating the condition of foundational elements like the roof, wiring, plumbing, and insulation.
Q: Is the lot size a major advantage?
A: Yes, particularly in this neighborhood. It offers privacy, space, and future potential that are uncommon in Varennes and increasingly hard to find city-wide. This is the property's defining competitive advantage.
Q: Who would this property not suit?
A: It's likely not a fit for buyers seeking a move-in-ready home with ample modern living space immediately. It is best suited for planners, renovators, or those who prioritize land over interior square footage in their budget.
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