45.6
Below average
Property score
45.6
Below average
Overall 45.6
Smaller than most nearby homes
672 sqft (bottom 10%)
Built in 1941 (10 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 2 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
33% smaller than neighborhood avg.
Year Built
Near average
10 yrs older 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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45.6 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
37 Sherwood Place — 15 amenities found within 500 m, across 7 categories, including 3 dining (nearest 109 m), 1 education (nearest 266 m), 2 healthcare (nearest 233 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 25% | Bottom 22% | Bottom 19% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Section 1: Property Overview
This home at 37 Sherwood Place presents a practical opportunity in Winnipeg's Varennes neighbourhood. Its key appeal lies in a value proposition centered on a larger-than-average lot for the area within a modestly priced, classic 1940s build.
Key Characteristics & Appeal:
The 672 sqft house is compact, placing it below average in size for its street, neighbourhood, and city. However, its assessed value of $283k is competitive, sitting around the average for its immediate street and neighbourhood while being notably below the Winnipeg average. This suggests a lower entry point. The lot size of 5,241 sqft is a standout feature—it's above average for the Varennes neighbourhood, offering valuable outdoor space not found with many similarly priced homes. Built in 1941, the structure is newer than most on its street, which can be an advantage for systems and upkeep.
This property would best suit first-time buyers, downsizers, or investors seeking a land-advantaged property at a manageable price point. It's for those who prioritize yard space and a lower tax assessment over immediate square footage, and who see potential in a smaller, character home that may be updated over time. A thoughtful perspective is that its below-average size for the city correlates with lower utility costs and less maintenance, while its above-average lot for the neighbourhood provides a rare chance for gardening, expansion, or simply more privacy in a mature community.
Section 2: Frequently Asked Questions
1. Is the house too small?
At 672 sqft, the living space is compact. It's below the average for the street, neighbourhood, and city. This suits efficient, minimalist living or a couple, but may feel cramped for a growing family without plans for expansion.
2. Why is the assessed value relatively low compared to the city average?
The assessed value reflects the property's specific attributes—primarily its smaller square footage and older age—within the broader Winnipeg market. It's priced closer to the averages for its immediate area (Sherwood Place and Varennes), indicating the assessment is aligned with local norms rather than inflated city-wide trends.
3. What does the lot size ranking actually mean for me?
While the lot is below average on its specific street (which has unusually large lots), it ranks highly within the wider Varennes neighbourhood. This means you're getting more private outdoor space than is typical for the area, which is a tangible asset for privacy, recreation, or future projects.
4. Does "built in 1941" mean there will be problems?
Being built in 1941 means it's a solidly older home. The positive is that it's newer than many on its block. However, prospective buyers should prioritize inspections for aging components like wiring, plumbing, and the foundation, which are common considerations for homes of this era.
5. How should I interpret the ranking percentiles?
A lower percentile (ਟਾਪ) rank is better. For example, being in the 22nd percentile for "Year Built" on its street means 78% of homes are older; it's a newer build on that block. Conversely, a 98th percentile rank for "Living Area" citywide means only 2% of comparable city homes are smaller; it confirms the compact nature on a city scale.
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.
