66.7
Good
Property score
66.7
Good
Overall 66.7
Larger but older than most nearby homes
1,620 sqft (top 4%)
Built in 1919 (32 yrs older than avg)
Located in a above-average income area
with median household income of ~71.5k
Transit 74.0
4-min walk to transit with 2 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
Above average
62% larger than neighborhood avg.
Year Built
Below average
32 yrs older 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
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
66.7 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
49 Regal Avenue — 20 amenities found within 500 m, across 7 categories, including 7 dining (nearest 227 m), 1 education (nearest 136 m), 3 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 11% | Bottom 42% | Bottom 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 49 Regal Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling profile defined by spacious interiors within a more compact, established setting. Its primary strength is its generous 1,620 sqft living area, which ranks in the elite top 5% on its street and top 4% in the Varennes neighborhood, offering significantly more space than local averages. This is balanced by a 1919 build date and a 3,386 sqft lot, both of which are smaller and older than most comparable properties in the area.
The appeal lies in this specific combination: acquiring above-average square footage in a mature neighborhood, often at a relative value. The assessed value of $291k sits below the street and city averages, suggesting the price reflects the home's age and lot size rather than its interior volume. This property would suit practical buyers who prioritize interior space over a large yard or modern construction. It's ideal for someone looking for character and room to grow within a budget, without the premium attached to newer builds or expansive lots. A thoughtful perspective is recognizing this as a "value-play" on space in a settled community, where your investment is primarily in the home itself rather than the land.
Section 2: Frequently Asked Questions
1. Is the older build year a concern?
Yes, it requires consideration. Built in 1919, the home is notably older than most on the street and in the city. Buyers should prioritize a thorough inspection to understand the condition of major systems like wiring, plumbing, and the foundation, and budget for potential updates.
2. Why is the assessed value relatively low?
The assessed value of $291k is below area averages, likely reflecting the home's age and the smaller lot size. This can represent an opportunity, as the interior living space is well above average. It suggests the market is pricing the land and building age, not the square footage.
3. How does the smaller lot size impact the property?
The 3,386 sqft lot is below average for the street and city. This means smaller outdoor spaces and potentially less privacy compared to neighbors. However, it also translates to less yard maintenance, which could be a positive for some buyers.
4. Who would this property not suit?
It may not suit buyers seeking a modern, move-in-ready home without renovation projects, those who desire a large yard for gardening or recreation, or investors looking solely for newer properties with the highest potential for appreciation based on land value.
5. What does the "elite" living area ranking actually mean for daily life?
Ranking in the top 4-5% for space locally means you are getting a home with a floor plan significantly larger than most in the immediate vicinity. This typically allows for more flexible room usage, better storage, and a less cramped feeling compared to neighborhood norms, which is a key daily living advantage.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
