72.7
Good
Property score
72.7
Good
Overall 72.7
Larger and newer than most nearby homes
1,414 sqft (top 12%)
Built in 2019 (68 yrs newer than avg)
Located in a above-average income area
with median household income of ~71.5k
Transit 82.0
2-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
Above average
42% larger than neighborhood avg.
Year Built
Above average
68 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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72.7 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
47 Varennes Avenue — 17 amenities found within 500 m, across 7 categories, including 5 dining (nearest 72 m), 1 education (nearest 248 m), 2 healthcare (nearest 155 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 47 Varennes Avenue.
Garbage
tuesday
Recycling
tuesday
Yard Waste
tuesday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 40% | Top 21% | Top 46% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 47 Varennes Avenue stands out for its modern build and generous interior space within its established neighbourhood. Built in 2019, it is a notably newer property compared to most homes in Varennes and across Winnipeg. With 1,414 sqft of living area, it offers significantly more interior space than the typical home on its street and in the immediate community. The property’s assessed value is correspondingly higher than local averages, reflecting its newer condition and larger footprint.
Its appeal lies in offering a modern, low-maintenance living experience in a mature area. The smaller, efficiently designed lot (2,631 sqft) means less yard work, which can be a benefit for those seeking a private outdoor space without extensive upkeep. This property would ideally suit first-time buyers or young families looking for a contemporary home that doesn’t require immediate renovations, as well as downsizers who want modern comforts and a manageable property size but still appreciate a traditional neighbourhood setting.
A less obvious perspective is that while the lot is smaller than average, this can translate to lower property taxes over time relative to land size, and the newer construction likely means better energy efficiency and reduced near-term repair costs compared to older homes in the area.
Frequently Asked Questions
1. How does the 2019 build year benefit me practically?
Beyond just being new, it typically means modern building codes, updated electrical and plumbing systems, better insulation for energy savings, and likely remaining warranty coverage on major components, reducing unexpected repair costs in the early years.
2. The lot size is noted as below average. How does this impact daily living?
The yard is more compact, which minimizes maintenance like mowing and gardening. It provides outdoor space for relaxation or play but may not accommodate large additions like a sprawling deck or pool. It represents a trade-off: less outdoor upkeep for more modern interior space.
3. The assessed value is above the local average. Will my property taxes be much higher?
While the assessed value is a key factor, your actual taxes will be determined by the municipal tax rate. The assessment being above the street and community average suggests you would pay proportionally more than some neighbours, but it also reflects the higher value of a newer, larger home in the area.
4. What does ranking in the "top 4%" for build year city-wide really mean?
It highlights that this is one of the newest homes available across all of Winnipeg. In a market with many older homes, this level of modernity is a rare find and is a strong differentiator for resale value and livability.
5. Who might this property not be suitable for?
It may not suit buyers looking for a large, sprawling garden, those who prioritize a very large lot for privacy or expansion, or investors seeking a property with significant "sweat equity" potential from renovations, as the home is already in near-new condition.
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