Property score
53.4
Fair
Overall 53.4 · Newer than most nearby homes
832 sqft (bottom 40%) · Built in 1951
Located in a above-average income area with median household income of ~79k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 9 dining spots, 1 school, 2 healthcare facilitys, and 4 shops nearby
Living Area
Near average
17% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
53.4 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 Kingswood Avenue — 23 amenities found within 500 m, across 7 categories, including 9 dining (nearest 298 m), 1 education (nearest 335 m), 2 healthcare (nearest 279 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 42% | Top 47% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 48 Kingswood Avenue, Varennes, Winnipeg
Section 1: Key Characteristics & Appeal
This 1951-built home on a 5,122 sqft lot presents a balanced, middle-of-the-road profile within its established Varennes neighbourhood. With 832 sqft of living space and a municipal assessment of $285,000, it sits close to the average for its specific street and community in both size and value. Its true standout is its build year, which is newer than most homes on Kingswood Avenue, potentially suggesting updates or a longer lifespan for core components.
The appeal lies in its stability and context. This isn't an outlier; it's a typical, grounded property in the area. For buyers, this means predictable property taxes and a home that fits seamlessly into the community fabric. It would suit first-time buyers or downsizers seeking an affordable entry into a mature Winnipeg neighbourhood without the premium price of a larger or fully renovated home. The lot size is a quiet advantage—above average for the community—offering decent outdoor space relative to many nearby properties. A thoughtful perspective is that its "average" metrics within a desirable locale can represent a lower-risk purchase, as its value is closely tied to the consistent, established market of the area rather than speculative features.
Section 2: Frequently Asked Questions
1. How does the 1951 build year compare, and what does it mean?
While newer than the street average (1946), a home from this era will likely have had several systems updated over time. Key questions should focus on the age of the roof, windows, plumbing, and electrical, rather than the original construction date alone.
2. The living space is below the Winnipeg average. Will it feel small?
At 832 sqft, it is compact compared to the city-wide average, which includes many newer, larger suburbs. However, it is very close to the average for both Kingswood Avenue (917 sqft) and Varennes (997 sqft), indicating the home's size is typical and functional for this specific, established community.
3. Is the property assessment a reliable indicator of market value?
The municipal assessment ($285,000) is for tax purposes and lags behind the current market. It's a useful benchmark showing the home is valued below the Winnipeg average but aligns with its local area. Market value is determined by recent sales, condition, and buyer demand.
4. What does the lot size ranking tell us?
The lot is above average for the Varennes community. This means you likely have more usable outdoor space than many neighbours, which is a valuable and less replaceable asset than interior square footage.
5. How should we interpret the various rankings?
They show how this property stacks up in different circles. Crucially, it performs best within its immediate street and neighbourhood context. This suggests it's a well-suited property for this specific location, which is often a more important daily reality than how it compares to distant parts of the city.
