45.4
Below average
Property score
45.4
Below average
Overall 45.4
Smaller and older than most nearby homes
636 sqft (bottom 5%)
Built in 1922 (29 yrs older than avg)
Located in a above-average income area
with median household income of ~79k
Transit 70.0
5-min walk to transit with 3 nearby routes
Within 500m: 9 dining spots, 1 school, 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
36% smaller than neighborhood avg.
Year Built
Below average
29 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
54 Inman Avenue — 23 amenities found within 500 m, across 8 categories, including 9 dining (nearest 281 m), 1 education (nearest 417 m), 2 healthcare (nearest 218 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 54 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 7% | Bottom 4% | Bottom 7% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 54 Inman Avenue
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot size within a well-established neighborhood. The 5,120 sqft property is notably larger than most on its street and within the Varennes area, offering above-average outdoor space—a relative rarity. This is balanced by a modest 636 sqft living area, which is smaller than typical for the street, neighborhood, and city. The 1922 build date indicates a classic, character home.
Its primary appeal lies in its affordability and land potential. With an assessed value significantly below area averages ($194k vs. a street average of $268.8k), it represents a highly accessible entry point into the market. This combination suits specific buyers: first-time purchasers seeking a foothold, value-oriented investors, or hands-on owners who see potential in the sizable lot for expansion, gardening, or future development, viewing the compact house as a manageable starting point rather than a limitation.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily reflects the home's smaller size and older age compared to area averages. It results in lower property taxes, which is a financial benefit for the owner.
2. What does the "Below Average" living area ranking mean for daily life?
It confirms the home has compact, efficient interiors. It will suit those comfortable with simpler, open-plan living or those willing to renovate to maximize space. It may not comfortably accommodate a large family or those needing dedicated home offices or recreational rooms.
3. How significant is the larger lot size?
It's the property's standout feature. It provides valuable outdoor privacy, room for additions like a garage or workshop, and gardening space that is harder to find in newer subdivisions. This land represents much of the property's long-term value.
4. As a 1922 home, what should I be prepared for?
You should budget for updates to older mechanical systems (like plumbing or wiring) and anticipate maintenance consistent with a century-old structure. A thorough pre-purchase inspection is essential to understand the condition of the foundation, roof, and envelope.
5. Who would this property NOT be suitable for?
It's likely not a fit for buyers seeking a move-in-ready home with modern, spacious interiors, or for those unwilling to take on potential maintenance or renovation projects associated with an older home.
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