48 Crystal Avenue

Varennes, Winnipeg

Property score

73.0

Good

Overall 73.0 · Larger and newer than most nearby homes

1,454 sqft (top 11%) · Built in 2023 (72 yrs newer than avg)

Located in a above-average income area with median household income of ~71.5k

Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 8 dining spots, 2 schools, 2 healthcare facilitys, and 3 shops nearby

Living Area

Above average

46% larger than neighborhood avg.

Year Built

Above average

72 yrs newer than neighborhood avg.

Mother tongue

English · 70%French · 7%

Past 10 years Varennes sales snapshot (~80% of all data)

Sold Count

171

Median price

455.5k

$/sqft

$420/sqft

Avg build year

1951

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Property score

73.0 is composed by the two sections below.

Property Score

72.1Good
Living Area1,454 sqft75Good
Year Built2023100Excellent
Lot Size2,561 sqft28Low
Neighbourhood Sales Activity59Fair

Community Score

74.4Good
Household Income72Good
Education Level72Good
Housing Stress74Good
Core Housing Need76Good
Employment Health90Excellent

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110613

Community deep dive

$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

Population, labour & age

Population (2021)522
Labour force participation rate81%
Median age36.4
Avg household size2.3
Unemployment rate6%
Population density2900 / km²

Households & income

Low income (LIM-AT, % pop.)14%
Single-person households30%
Couple families with children19%
Median household income (2020)$72K

Housing

Renter households32%
Condominium dwellings0%
Median dwelling value (owners)$276K

Diversity, education & language

Immigrants (share of pop.)14%
Visible minority20%
Bachelor's or higher (25–64)38%
Mother tongue (1st)English · 70%
Mother tongue (2nd)French · 6%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,454 sqft
0255075100
Same streetTop 16%Same areaTop 11%CitywideTop 33%
Same street · Crystal Avenue
#9 / 58
Top 16% · Avg 1,063 sqft
Same area · Varennes
#48 / 426
Top 11% · Avg 997 sqft
Citywide · Winnipeg
#64,412 / 194,458
Top 33% · Avg 1,342 sqft

Tax-Assessed Value

above average
548k
0255075100
Same streetTop 9%Same areaTop 8%CitywideTop 13%
Same street · Crystal Avenue
#5 / 58
Top 9% · Avg 347.8k
Same area · Varennes
#36 / 426
Top 8% · Avg 318.6k
Citywide · Winnipeg
#25,162 / 194,458
Top 13% · Avg 390.1k

Year Built

Elite
2023
0255075100
Same streetTop 5%Same areaTop 3%CitywideTop 1%

Lot Size

below average
2,561 sqft
0255075100
Same streetBottom 9%Same areaBottom 1%CitywideBottom 6%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

48 Crystal Avenue — 21 amenities found within 500 m, across 7 categories, including 8 dining (nearest 218 m), 2 education (nearest 228 m), 2 healthcare (nearest 342 m).

Search radius
🍽️Dining8
🏫Education2
🏥Healthcare2
🛒Shopping3
🏦Finance1
Fuel Stations3
Worship2

Crime & Safety

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%

Sales History

Sold 1/2023CA$550k–600k
Sold price

Same street

Top 7%

Same area

Top 4%

City-wide

Top 9%

Related homes

Highlights & common questions: 48 Crystal Avenue, Winnipeg

Property Summary: 48 Crystal Avenue, Varennes, Winnipeg

Section 1: Key Characteristics & Appeal

This 2023-built home at 48 Crystal Avenue offers a distinctly modern living experience within an established Winnipeg neighborhood. Its primary appeal lies in its new construction, offering move-in readiness, modern building standards, and freedom from major near-term repairs. With 1,454 sqft of living space, it stands significantly above the local averages for both its street and the wider Varennes area, providing ample room in a contemporary layout.

The property is ideally suited for buyers seeking a low-maintenance, modern home without venturing into a brand-new suburban subdivision. It fits professionals, small families, or downsizers who prioritize interior space and modern amenities over a large yard, as the lot size is notably smaller than surrounding properties. The above-average assessed value reflects its newness and condition, positioning it as a premium offering on its street. A thoughtful perspective is that this home represents a strategic compromise: you gain a newer, more efficient building on a smaller, more manageable parcel of land, which can mean lower exterior maintenance costs and less time spent on yard work.

Section 2: Frequently Asked Questions

1. How does the smaller lot size impact the property?
While the land area is smaller than most in the area, it translates to less yard maintenance. The trade-off is less private outdoor space, which may be a consideration for those wanting extensive gardens, play areas, or future additions.

2. What does the "Elite" ranking for year built mean for me?
Built in 2023, this home is among the newest in Winnipeg. This typically means modern building codes, energy efficiency, contemporary electrical/plumbing systems, and likely the remainder of a new home warranty, offering significant peace of mind.

3. The assessed value is high for the street. Is that a concern?
The assessed value is above average because the home is substantially newer. This reflects its current condition and modern features. It’s important to differentiate this from an inflated price; it signifies the home is a standout asset on this particular street.

4. Who would this property not suit as well?
Buyers seeking a large, traditional yard for gardening, recreation, or expansion may find the lot limiting. Those looking for a character home with heritage features or who prefer a more established streetscape of older homes might also look elsewhere.

5. Are there any potential downsides to such a new home in an older area?
While there are major benefits, consider that the architectural style and scale may differ from neighboring homes. You may also be responsible for initial landscaping and finishing touches that older properties have already settled, such as mature trees or patios.

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