55.6
Fair
Property score
55.6
Fair
Overall 55.6
Smaller but newer than most nearby homes
729 sqft (bottom 20%)
Built in 1998 (47 yrs newer than avg)
Located in a above-average income area
with median household income of ~71.5k
Transit 80.0
3-min walk to transit with 3 nearby routes
Within 500m: 7 dining spots, 1 school, 3 healthcare facilitys, and 3 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
27% smaller than neighborhood avg.
Year Built
Above average
47 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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55.6 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
48 Regal Avenue — 20 amenities found within 500 m, across 7 categories, including 7 dining (nearest 257 m), 1 education (nearest 167 m), 3 healthcare (nearest 270 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 35% | Top 39% | Bottom 38% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 48 Regal Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This 1998-built home on a 5,082 sqft lot in Varennes presents a specific value proposition. Its primary characteristic is a compact 729 sqft living area, which is notably below average for the street, neighborhood, and city. However, this is balanced by a newer build date (ranking in the top 20% locally) and an assessed value of $313k that sits around the average for its immediate area, suggesting a relatively efficient cost per newer square foot.
The appeal lies in a modernized, low-maintenance footprint within an established neighborhood. It suits first-time buyers, downsizers, or investors seeking a property with newer mechanical systems and less immediate upkeep, who prioritize fiscal efficiency and a newer structure over spaciousness. A thoughtful perspective is that the below-average size, paired with an average assessment, may indicate recent updates or a premium for the modern build year, offering a move-in-ready canvas for someone comfortable with cozy living. The lot size is typical for the area, providing adequate outdoor space without the burden of a large yard.
Frequently Asked Questions
1. Is the living area too small?
At 729 sqft, the home is significantly cozier than most in Winnipeg. It requires efficient use of space and suits a minimalist lifestyle or small household.
2. Why is the assessed value average if the house is smaller?
The assessment reflects multiple factors. The much newer construction year (1998 vs. a 1959 street average) likely adds value through modern materials, wiring, and systems, offsetting the square footage difference.
3. What are the advantages of a 1998 build year?
Homes from this era typically feature updated electrical standards, more efficient insulation and windows, and less concern for major aging component failures (like roofing or plumbing) compared to much older stock in the area.
4. How does this property fit within its street and neighborhood?
On Regal Avenue, it's one of the newest homes but also one of the smallest. It appeals to a different need than the larger, older homes surrounding it, potentially offering a quieter fit for those not needing family-sized space.
5. What is the potential for future expansion?
The lot size is slightly above average for the street. While subject to zoning, the parcel could theoretically accommodate an addition or a sizable accessory structure, offering a long-term option to increase space.
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