Property Summary: 45 Varennes Avenue

Section 1: Key Characteristics & Appeal

This home presents a distinct value proposition centered on its generous lot and relative affordability. Its key characteristic is the expansive 5,368 sqft land parcel, which ranks in the top 15% within the Varennes community and the top 7% on its own street. This offers significant outdoor space and potential not found in many comparable properties. The living space of 952 sqft is practical and aligns closely with the local area average.

The primary appeal lies in the balance between below-average tax assessment value and above-average land size. This suggests an opportunity for buyers comfortable with a character home, as it was built in 1921 and is notably older than most homes in the city. It suits value-conscious buyers, such as those looking for a first home with room to grow, or investors and renovators who see potential in the sizable lot and are prepared for the realities of maintaining an older structure. A thoughtful perspective is that this property offers more "ground" than "house" for the price, appealing to those who prioritize outdoor space, privacy, or future expansion over a modern, turn-key interior.

Section 2: Frequently Asked Questions

1. What does the tax assessment value tell me about the listing price?
The assessed value for taxes is $232,000, which is below the average for both the community and the city. It's a municipal valuation for tax purposes and is not a market price, but it indicates a relatively lower tax base. The eventual sale price will be determined by the market.

2. How significant is the 1921 build year?
It means this is one of the older homes in the area. Buyers should budget for potential updates to older mechanical systems, wiring, or plumbing, and seek a thorough inspection. It also often means classic construction and charm not found in newer builds.

3. The living space is below the city average. Is that a concern?
At 952 sqft, it's smaller than the typical Winnipeg home but is very close to the average for the immediate street and neighborhood. This indicates the home's size is appropriate and functional for the area, making it efficient rather than unusually small in its local context.

4. Why is the land size highlighted as a key feature?
The lot is over 1,300 sqft larger than the street average and 550 sqft larger than the community average. In established neighborhoods, extra land is a premium asset that provides more privacy, yard space, gardening potential, or room for additions like a garage, deck, or garden suite (subject to zoning).

5. How should I interpret the ranking data?
The rankings compare this home to similar properties in three circles: its street, the broader Varennes community, and all of Winnipeg. They quickly show where it stands. For example, the land size ranks very high locally, while the build year is among the oldest, giving you a snapshot of its relative strengths and character.