218 Alcrest Drive

Varsity View, Winnipeg

Property score

60.9

Fair

Overall 60.9 · Smaller than most nearby homes

936 sqft (bottom 14%) · Built in 1970 (5 yrs older than avg)

Located in a above-average income area with median household income of ~82k

Transit 80.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 healthcare facility, 1 shop, and 2 parks nearby

Living Area

Below average

33% smaller than neighborhood avg.

Year Built

Below average

5 yrs older than neighborhood avg.

Mother tongue

English · 88%French · 1%

Past 10 years Varsity View sales snapshot (~80% of all data)

Sold Count

281

Median price

492k

$/sqft

$398/sqft

Avg build year

1975

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Property score

60.9 is composed by the two sections below.

Property Score

51.3Fair
Living Area42
936 sqftLow
Year Built52
1970Fair
Lot Size91
7,663 sqftExcellent
Neighbourhood Sales Activity42
Low

Community Score

75.2Good
Household Income77
Good
Education Level54
Fair
Housing Stress83
Excellent
Core Housing Need100
Excellent
Employment Health76
Good

Neighbourhood Sales

Varsity View

How to read: Share of sales in each ~$50k price band for “varsity view” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111102

Community deep dive

$82K

Median household income

$97K

Average household income

10%

Low income (LIM-AT)

0.3

Income inequality (Gini)

4.1

P90 / P10 ratio

45%

Single-person households

13%

Families with children

Population, labour & age

Population (2021)361
Labour force participation rate71%
Median age48.8
Avg household size1.9
Unemployment rate7%
Population density820 / km²

Households & income

Low income (LIM-AT, % pop.)10%
Single-person households45%
Couple families with children13%
Median household income (2020)$82K

Housing

Renter households13%
Condominium dwellings47%
Median dwelling value (owners)$284K

Diversity, education & language

Immigrants (share of pop.)15%
Visible minority9%
Bachelor's or higher (25–64)26%
Mother tongue (1st)English · 87%
Mother tongue (2nd)French · 1%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

below average
936 sqft
0255075100
Same streetBottom 19%Same areaBottom 14%CitywideBottom 20%
Same street · Alcrest Drive
#26 / 32
Bottom 19% · Avg 1,354 sqft
Same area · Varsity View
#726 / 848
Bottom 14% · Avg 1,387 sqft
Citywide · Winnipeg
#155,439 / 194,458
Bottom 20% · Avg 1,342 sqft

Tax-Assessed Value

around average
408k
0255075100
Same streetBottom 34%Same areaTop 49%CitywideTop 36%
Same street · Alcrest Drive
#21 / 32
Bottom 34% · Avg 449.9k
Same area · Varsity View
#415 / 848
Top 49% · Avg 444.7k
Citywide · Winnipeg
#70,801 / 194,458
Top 36% · Avg 390.1k

Year Built

around average
1970
0255075100
Same streetTop 50%Same areaBottom 37%CitywideTop 48%

Lot Size

above average
7,663 sqft
0255075100
Same streetBottom 9%Same areaTop 41%CitywideTop 13%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

218 Alcrest Drive — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 215 m), 1 healthcare (nearest 346 m), 1 shopping (nearest 414 m).

Search radius
🏫Education1
🏥Healthcare1
🛒Shopping1
🌳Parks2
Worship1

Crime & Safety

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%

Sales History

Sold 2/2022CA$350k–400k
Sold price

Same street

Bottom 36%

Same area

Bottom 45%

City-wide

Top 44%
Sold 3/2017CA$250k–300k
Sold price

Same street

Bottom 1%

Same area

Bottom 17%

City-wide

Bottom 32%

Related homes

Highlights & common questions: 218 Alcrest Drive, Winnipeg

Property Overview

This 1970-built, one-storey home in Varsity View offers a practical and private living arrangement on a large, mature lot. Its key appeal lies in the combination of a fully finished basement, a generous 7,663 sqft property, and a location that provides a quiet, established neighbourhood feel while remaining centrally accessible. The home’s 936 sqft main floor is compact, but the additional finished space below grade effectively doubles the liveable area, making it ideal for a small family, a couple seeking a home office or hobby space, or a first-time buyer looking for a manageable footprint with room to grow.

The property’s data reveals some thoughtful perspectives. While the home itself is modest in size compared to newer builds, its lot size ranks in the top 13% city-wide, offering exceptional outdoor potential. The assessment value has seen healthy growth, increasing significantly from its 2017 sale price to its current valuation, suggesting the underlying land and location are strong assets. This home would suit a buyer who values a large, private yard over sheer interior square footage, and who sees the value in a home that is competitively positioned within its community for lot size and overall value, rather than being the newest or largest house on the block.


Frequently Asked Questions

Q: How does the finished basement affect the living space?
A: The fully finished basement effectively doubles the functional living area of the home, providing crucial extra space for recreation, guests, or a home office beyond the 936 sqft main floor.

Q: The home was built in 1970. What should I consider?
A: While the structure is solid and from an established era, a buyer should budget for potential updates to major systems like roofing, windows, or the furnace, which may be nearing a natural replacement age.

Q: Is the price driven more by the house or the land?
A: The data suggests a strong land component. The lot size is in the top 13% in Winnipeg, indicating much of the property's value and future potential is tied to its substantial, mature parcel in a desirable neighbourhood.

Q: How does this property rank for value in the area?
A: Its assessment value ranks higher than 67% of Winnipeg homes, indicating good municipal valuation for taxes. However, its last sale price was below that assessment, which may present a negotiation opportunity relative to its official worth.

Q: What is the parking situation?
A: The home features a split garage, which typically offers space for two vehicles and additional storage, a valuable asset in a neighbourhood of mostly older homes.