Property score
51.0
Fair
Overall 51.0 · Older than most nearby homes
872 sqft (bottom 46%) · Built in 1919 (32 yrs older than avg)
Located in a above-average income area with median household income of ~79k
Transit 70.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 9 dining spots, 2 schools, 2 healthcare facilitys, and 4 shops nearby
Living Area
Near average
13% smaller than neighborhood avg.
Year Built
Below average
32 yrs older than neighborhood avg.
Mother tongue
English · 63%French · 7%
Past 10 years Varennes sales snapshot (~80% of all data)
171
455.5k
$420/sqft
1951
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51.0 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: #46110611
$79K
Median household income
$96K
Average household income
14%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.0
P90 / P10 ratio
27%
Single-person households
22%
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
38 Kingswood Avenue — 26 amenities found within 500 m, across 8 categories, including 9 dining (nearest 223 m), 2 education (nearest 312 m), 2 healthcare (nearest 332 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 17% | Bottom 28% | Bottom 20% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 38 Kingswood Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Kingswood Avenue in Varennes presents a practical opportunity centered on value and lot size. Its key characteristic is a larger-than-average 5,120 sqft lot for the neighborhood, offering good outdoor space potential. The living area (872 sqft) and assessed value ($266k) are notably below citywide averages, positioning it as an accessible entry point into the Winnipeg market.
The appeal lies in its affordability and the opportunity it presents. It suits first-time buyers or investors looking for a footprint in the city without a premium price tag. The below-average assessment value relative to the area could be attractive for those with renovation or value-add plans, provided they account for the home's older age (built 1919). It’s a property for buyers who prioritize land size and location fundamentals over move-in-ready condition or modern square footage, understanding that its older vintage may require more upkeep or updating.
Section 2: Frequently Asked Questions
1. What does the "Below Average" ranking for year built (1919) practically mean?
It indicates this is one of the older homes on the street and in the city. Buyers should prioritize a thorough inspection focusing on foundational integrity, plumbing, electrical systems, and insulation, as updates may be needed to meet modern efficiency standards.
2. The assessed value is below street and neighborhood averages. Is this a positive sign?
It can be, as it suggests a lower property tax base and an entry price below many comparable homes. However, it may also reflect the home's smaller size, older age, or condition. It's essential to understand why the assessment is lower through a current market evaluation and viewing.
3. How significant is the lot size advantage?
The lot is above the neighborhood average (4,818 sqft) and very close to the street average. This is a tangible asset, providing more private outdoor space, room for additions, gardening, or future development potential than many nearby properties.
4. Who might this property not suit?
It may not suit buyers seeking a modern, low-maintenance home or those needing more immediate living space, as the interior square footage is compact. The older building era also suggests it may not be ideal for someone unwilling to manage potential ongoing maintenance or renovation projects.
5. How should I interpret the ranking data for "Living Area"?
While the home's size is below the city average, it's closer to the standard for its specific street and neighborhood. This indicates you're buying into a community of similarly scaled homes, which can be positive for preserving value, but you should ensure the layout and size meet your household's functional needs.
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