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
115-3907 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 38% | Top 38% | Bottom 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 115-3907 Grant Avenue, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a compact, well-situated condo unit in the established Varsity View neighbourhood. Built in 1978, the 905 sqft property presents a practical, low-maintenance living option. Its primary appeal lies in its exceptional location rankings—it places in the top 2% of its street and the top 0% of its entire community for lot size, suggesting a well-regarded and potentially spacious building site or complex footprint. The unit is ideal for first-time buyers, downsizers, or investors seeking an affordable entry into a mature, central Winnipeg neighbourhood near the University of Manitoba. It suits those who prioritize location and simplicity over modern finishes or extensive private outdoor space, as it features no basement, garage, or private pool.
A thoughtful perspective is that its very high location rankings contrast with its more modest rankings for size, value, and recent sale price within the broader market. This indicates you are paying predominantly for the proven, desirable setting rather than for the unit's specific features or recent market performance. It represents a value-conscious choice in a premium area.
Frequently Asked Questions
1. What does the high "lot size" ranking actually mean for a condo owner?
While you don't own the land individually, a high ranking for the building's lot size typically indicates a favourable unit-to-land ratio, which can translate to better green space, parking, landscaping, and overall building density compared to nearby properties.
2. The last sale was in late 2021 for $168,000. What does that tell us?
The 2021 sale price, which ranked in the lower third for the area at that time, established a recent baseline value. The current assessed value of $188,000 suggests an increase, but the historical data highlights this as a historically more affordable option within Varsity View.
3. Who is responsible for exterior maintenance and major repairs?
As a condo, all exterior maintenance, structural repairs, and common area upkeep are managed by the condominium corporation, funded through monthly condo fees. This is a key benefit for buyers seeking a true low-maintenance lifestyle.
4. The build year is 1978. Should I be concerned about aging components?
While the building is nearly 50 years old, a well-managed condo corporation will have a reserve fund study and plan for major renewals (like roofing, windows, plumbing). Reviewing the condo's financial health and reserve fund is more critical than the age alone.
5. How should I interpret the varying rankings for different features?
The data paints a clear picture: this unit's strength is its location within a sought-after community. Its rankings for size, value, and recent sale price are average to below average for Winnipeg, confirming that its primary draw is the neighbourhood, not the unit's specific specifications or recent market performance.
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