45.4
Below average
Property score
45.4
Below average
Overall 45.4
Smaller than most nearby homes
672 sqft (bottom 10%)
Built in 1927 (24 yrs older than avg)
Located in a above-average income area
with median household income of ~79k
Transit 80.0
5-min walk to transit with 3 nearby routes
Within 500m: 9 dining spots, 2 schools, 2 healthcare facilitys, and 4 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
Below average
24 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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45.4 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
48 Inman Avenue — 25 amenities found within 500 m, across 8 categories, including 9 dining (nearest 282 m), 2 education (nearest 404 m), 2 healthcare (nearest 257 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 48 Inman Avenue.
Garbage
tuesday
Recycling
tuesday
Yard Waste
tuesday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 14% | Bottom 7% | Bottom 10% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 1% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 48 Inman Avenue
Key Characteristics & Buyer Appeal
This home presents a distinct value proposition centered on its generous lot and below-average price point within its established Varennes neighborhood. The key characteristic is the 5,120 sqft lot, which is larger than most on its street and in the immediate area, offering valuable outdoor space or future potential. This stands in contrast to the compact 672 sqft living area, which is notably smaller than averages at every level—street, neighborhood, and citywide. Built in 1927, it is older than the Winnipeg average but typical for its local area.
The primary appeal lies in affordability and land. With an assessed value significantly below local and city averages, it represents a lower barrier to entry into the housing market. It would suit practical, value-conscious buyers such as first-time homeowners willing to trade interior space for a larger yard, or investors looking for a land-hold opportunity in a mature neighborhood. Its profile suggests it’s a property where the value is in the land itself, making it a candidate for those with a vision to renovate, expand, or simply prioritize outdoor space over a large existing footprint.
Frequently Asked Questions
1. Is this a "fixer-upper"?
While the condition isn't detailed here, the data suggests it. The combination of a smaller, older home with a low assessed value but a desirable lot size often indicates a property that may require modernization or repairs.
2. Why is the assessed value so much lower than the neighbors'?
The assessed value is consistently in the bottom tier for the area. This typically reflects the home's smaller size, age, and potentially its condition relative to other homes, not the land value itself.
3. Can the house be expanded, given the large lot?
The lot size is a major asset here and could provide room for an addition, subject to local zoning bylaws, setback requirements, and obtaining the necessary permits. This is a key point for a buyer to investigate.
4. What does the "Below Average" living area ranking mean for daily life?
It confirms the home's layout is compact. Buyers should be prepared for efficient use of space and consider if the floorplan meets their needs for storage, furniture, and living arrangements without significant alteration.
5. Are property taxes likely to be lower?
Generally, yes. Since property taxes are based on the assessed value, this home's lower assessment should result in a lower tax bill compared to larger, higher-valued homes in the same neighborhood.
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