Property score
61.1
Fair
Overall 61.1 · Newer than most nearby homes
905 sqft (bottom 45%) · Built in 1978
Located in a high-income area with median household income of ~92k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 4 dining spots, 2 schools, 1 healthcare facility, and 1 shop nearby
Living Area
Near average
3% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 77%Tagalog · 3%
Past 10 years Varsity View sales snapshot (~80% of all data)
45
151.3k
$181/sqft
1978
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61.1 is composed by the two sections below.
Property Score
Community Score
Varsity View
How to read: Share of sales in each ~$50k price band for “varsity view” (Condos, 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: #46111103
$92K
Median household income
$131K
Average household income
6%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
29%
Single-person households
30%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
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
106-3907 Grant Avenue — 11 amenities found within 500 m, across 6 categories, including 4 dining (nearest 109 m), 2 education (nearest 222 m), 1 healthcare (nearest 273 m).
Varsity View · WPS public data · 2026
Annual incidents
6
2026
vs. city avg
-80%
relative to avg
Year-over-year
▼ -93%
vs. prior year
Primary type
Property
83%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 18% | Bottom 29% | Bottom 11% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 106-3907 Grant Avenue, Winnipeg
Key Characteristics, Appeal & Target Buyer
This is a compact, 905 sqft condominium built in 1978, located in the established Varsity View neighbourhood. Its primary appeal lies in its exceptional location and relative affordability within a highly desirable area. The property ranks in the top tier for its location, surpassing nearly all comparable homes in the neighbourhood and city for area-specific value, suggesting it offers a rare, lower-cost entry point into this sought-after community.
The unit would suit first-time buyers, investors, or downsizers seeking a low-maintenance lifestyle near the University of Manitoba, without the responsibilities of a house. A thoughtful perspective is that while the living space is modest and the building is older, the stellar location ranking indicates you are paying predominantly for the land and community, not the physical structure. This represents a strategic purchase for someone prioritizing area over square footage, betting on the long-term stability and appeal of Varsity View.
Frequently Asked Questions
1. What are the monthly condo fees, and what do they cover?
This is the most critical financial question for any condo purchase. The listing data does not include this information, so you must obtain a current status certificate from the condominium corporation. This document will detail the fees, included utilities (if any), the corporation's financial health, and its reserve fund.
2. Why is there such a gap between the 2020 sale price and the current assessed value?
The 2020 sale of $147,000 likely reflects the market at that time. The increase to the $180,000 assessment mirrors broader market appreciation. However, the assessment is for municipal taxation; the actual market value will be determined by current supply, demand, and the condition of the specific unit.
3. The rankings show low scores for size and assessed value. Is this a concern?
Not necessarily. These lower rankings indicate this is one of the smaller and more modestly valued properties in the area. This is consistent with its identity as an affordable entry-point option. The key is that its location rankings are top-tier, which is often a stronger driver of long-term value.
4. What is the parking situation?
The listing notes there is no garage. You will need to clarify if there is a dedicated surface parking spot, visitor parking, or only street parking. This is a crucial practical consideration in a dense neighbourhood.
5. As a 48-year-old building, what should I investigate regarding its condition?
Beyond a thorough inspection of the unit itself, the status certificate is again vital. It will highlight any recent or upcoming major projects (e.g., roof, windows, building envelope) and the adequacy of the reserve fund to pay for them, which could affect your fees or lead to special assessments.
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