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
112-3907 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 33% | Top 49% | Bottom 17% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 24% | Bottom 33% | Bottom 13% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 24% | Bottom 33% | Bottom 13% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 112-3907 Grant Avenue, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a compact, 905 sqft home built in 1978, situated in Winnipeg's established Varsity View neighborhood. Its primary appeal lies in its exceptional location and proven investment trajectory. The property ranks in the top tier for its lot size within the neighborhood and city, suggesting a desirable parcel of land. While the home itself is modest in size and age, its recent sales history shows consistent value growth, rising from $150,000 in 2017 to $160,000 in 2022, with a current assessed value of $178,000. The absence of a basement or garage presents a straightforward, low-maintenance footprint.
This home would suit first-time buyers seeking an entry point into a prime academic-area community, or investors looking for a manageable rental property in a high-demand location near the University of Manitoba. Its value is clearly anchored in the land and location rather than the structure's features, appealing to those who prioritize community and long-term equity over immediate move-in luxury. A thoughtful perspective is that the lack of extensive systems (like a basement) can mean lower repair costs and simpler upkeep, aligning with a minimalist or efficiency-focused lifestyle.
Frequently Asked Questions
1. What does the high ranking for "land area" actually mean?
It indicates this property's lot size is larger than nearly all comparable lots in Varsity View and Winnipeg. In an established neighborhood, this is a significant and fixed advantage, offering more outdoor space or future potential.
2. The home is smaller and older than many in the area. Where is the value?
The value is primarily in the land and location. The consistent appreciation in sale price, despite the home's modest specs, underscores the strength of the Varsity View community and the desirability of the lot itself.
3. Who would be interested in a home with no basement or garage?
Buyers seeking minimal maintenance and lower utility costs. It also suits those who view the property as a long-term land hold or who prefer to use a shed or on-street parking, common in university areas.
4. The assessment is now higher than the 2022 sale price. What does that suggest?
It suggests municipal assessment aligns with the rising market trend for the area. It can indicate strong equity growth for the seller, but for a buyer, it reaffirms the neighborhood's upward trajectory.
5. Given the recent sales, is there room for future value growth?
The steady climb in price over the last five years, even for a simpler home, points to the underlying demand in the location. Future growth would likely be tied to broader market trends and any potential updates to the structure itself.
