Property Overview: 75 Fermor Avenue, Varennes, Winnipeg
Section 1: Key Characteristics & Appeal
This property is a modern, above-average-sized home in a well-established neighbourhood. Built in 2021, it is a notably newer construction compared to most homes on its street and across Winnipeg, placing it in the top 2% of the city for age. With 1,367 sqft of living space, it offers more room than the typical home in both its immediate area and on Fermor Avenue itself, ranking in the top 13-14% locally.
Its primary appeal lies in this combination of modern build quality and generous interior space, requiring less immediate upkeep than older homes. The tax-assessed value of $408,000 is consistently higher than local averages, reflecting its premium standing in the Varennes community.
However, the lot size of 2,587 sqft is more compact than most in the area. This suits buyers who prefer lower-maintenance outdoor space but is a consideration for those wanting extensive gardens or large outdoor amenities. This home is ideally suited for professionals, small families, or downsizers seeking a modern, move-in-ready property in a mature neighbourhood without the concerns of an aging structure. It represents a balance of new-home benefits within an established community setting.
Section 2: Frequently Asked Questions
1. How does the modern build (2021) impact living costs?
A newer home like this typically means greater energy efficiency, modern building materials, and updated systems (plumbing, electrical, HVAC), which can lead to lower utility bills and reduced risk of major near-term repair expenses compared to older homes in the area.
2. The lot is smaller than neighbourhood averages. What does this mean practically?
It translates to less yard maintenance, which can be a significant time and cost savings. It may limit the potential for additions like a large deck, pool, or detached garage. The focus here is on the interior living space and the modern home itself.
3. The tax assessment is higher than local averages. Will my property taxes be much higher?
Likely, yes. The tax-assessed value is a key municipal input for calculating your property tax bill. While not the sole factor, an assessment that ranks in the top 15% for the community suggests your taxes will be proportionally higher than many neighbouring properties.
4. What do the ranking percentiles actually tell me?
They show how this property compares to similar ones in different geographic circles. For example, being in the top 6% for age in Varennes confirms it’s one of the newest homes around. Being in the 37th percentile for size city-wide means it’s close to the Winnipeg average, but it feels larger locally because homes in Varennes are typically more compact.
5. Is this a good option if I value privacy and space between neighbours?
Given the smaller lot size ranking, this property likely has less lateral space between houses than is typical for the wider community. If a high degree of outdoor privacy or expansive side yards is a priority, this specific lot configuration may not be the best fit.