Property score
56.1
Fair
Overall 56.1 · Compared with neighbourhood average
1,088 sqft (bottom 32%) · Built in 1978 (3 yrs newer than avg)
Located in a above-average income area with median household income of ~77k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 school, 1 healthcare facility, 1 shop, and 2 parks nearby
Living Area
Below average
22% smaller than neighborhood avg.
Year Built
Near average
3 yrs newer than neighborhood avg.
Mother tongue
English · 78%Tagalog · 4%
Past 10 years Varsity View sales snapshot (~80% of all data)
281
492k
$398/sqft
1975
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56.1 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” (Detached houses (non-condo), 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: #46110349
$77K
Median household income
$79K
Average household income
6%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.4
P90 / P10 ratio
41%
Single-person households
19%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
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
218 Laxdal Road — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 234 m), 1 healthcare (nearest 162 m), 1 shopping (nearest 204 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 6% | Bottom 9% | Bottom 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 218 Laxdal Road, Varsity View, Winnipeg
Section 1: Overview & Appeal
This is a classic two-storey home built in 1978, offering a practical and affordable entry point into the established Varsity View neighbourhood. Its key characteristics include 1,088 sqft of living space, a fully finished basement, and a modestly sized lot just under 3,000 sqft. Notably, there is no garage.
The primary appeal lies in its location within a mature, central community, combined with a price point that is accessible for first-time buyers or investors. The data suggests it is one of the newer and better-maintained homes on its specific street, ranking in the top 10% for age there. However, its overall value is positioned in the more affordable tier for the wider area. This property would suit a pragmatic buyer—perhaps a young professional, a small family, or an investor—who prioritizes location and a functional layout over modern finishes or extensive square footage. It represents an opportunity to secure a home in a desirable neighbourhood where the value is in the land and community, with the understanding that it may require updates or serve as a solid foundation for future equity building.
Section 2: Frequently Asked Questions
1. How does the lack of a garage impact daily life and value?
While a garage is a common convenience, its absence keeps the purchase price and property taxes lower. Buyers should plan for street parking (checking local permit requirements) or consider the cost and feasibility of adding a shed or future parking pad.
2. The home ranks highly for its age on the street. What does this imply?
Ranking in the top 9% on its street for being newer suggests that many neighbouring houses are older, potentially from the 1940s-1960s. This can mean this home may have had fewer major systems replaced over time compared to a full renovation, but it might also have a more modern layout or foundation than some direct neighbours.
3. The assessment is higher than the 2020 sale price. What does this mean for taxes and offer price?
The current assessed value of $285,000 is a municipal estimate for tax purposes. The 2020 sale of $258,000 is a historical market price. Your offer should be based on current market conditions and a professional appraisal, not solely on either figure. Property taxes will be calculated using the assessed value.
4. Is the finished basement included in the listed 1,088 sqft living area?
Typically, the listed "living area" (1,088 sqft) refers to above-grade square footage. The finished basement is an additional bonus space, adding functional room for a family room, office, or extra bedrooms, but it is not counted in the official living area total.
5. The rankings show lower percentages for value metrics. Is this a concern?
The rankings indicate this home is priced in a more affordable range compared to many homes in Varsity View and Winnipeg. This isn't inherently a concern but a clear positioning. It reflects that this is a competitively priced, no-frills home in a sought-after area, which can be an advantage for budget-conscious buyers entering the market.
