At a glance
A small south-side neighbourhood of detached homes, where most households own. About 80% of homes are detached and 18% are apartments, and 25% of households rent (2016 census).
- Median home value (est.)
- $336K* * est.: 2016 census, indexed to September 2026 · city $444K
- Residents
- 1,260 estimate for mid-2025, up from 1,070 at the 2016 census
- Households renting
- 25% city 35%
- Homes that are apartments
- 18% city 33%
What the numbers mean
- Owners valued the median home at $224K in the 2016 census. Indexed to September 2026 prices with the Winnipeg MLS® Home Price Index (+50% since then), that is about $336K, 24% below the Winnipeg median of $444K. It is an estimate: the index tracks the whole region, not this neighbourhood.
- 25% of households rent, well below the 35% city-wide.
- 18% of residents are 20 to 29, versus 15% city-wide. It skews young-professional.
- 80% of homes are single-detached houses, versus 59% city-wide.
- Tenants paid a median of $890 a month in shelter costs in the 2016 census, which covers all tenants including long-term ones, so a new lease will cost more.
Who lives here
Share of residents by age, estimate for mid-2025, up from 1,070 at the 2016 census.
Homes
Share of homes by type, estimate for mid-2025, up from 1,070 at the 2016 census.
Upfront closing costs1
Manitoba charges a tiered land transfer tax, topping out at 2% over $200,000. Government fees at the median home price: This uses the census home value indexed to September 2026 prices, so treat it as an estimate.
- Manitoba land transfer tax
- $4,370 on $336K
- Land titles registration
- $140 on $336K
- Total
- $4,510 1.3% of the price
Typical apartment rent nearby2
Varennes sits in CMHC's St. Vital survey zone. October 2025 average rent of purpose-built rental apartments in that zone:
- Studio
- $1,057 +$143 vs metro average
- 1 bedroom
- $1,265 +$33 vs metro average
- 2 bedroom
- $1,611 +$41 vs metro average
- 3 bedroom or more
- $1,752 −$97 vs metro average
How it's changing
Winnipeg doesn't publish building permits by neighbourhood, so we can't chart construction here yet.
Safety
Neighbourhood-level crime figures aren't available for Winnipeg. The Winnipeg Police Service doesn't publish open crime counts by neighbourhood. Check Statistics Canada's crime tables for municipality-wide trends, and the local police website for crime maps. Why this is missing.