224 Chalfont Road

Varsity View, Winnipeg

Property score

78.3

Good

Overall 78.3 · Compared with neighbourhood average

1,541 sqft (top 33%) · Built in 1974 (1 yr older than avg)

Located in a high-income area with median household income of ~91k

Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 1 park nearby

Living Area

Near average

11% larger than neighborhood avg.

Year Built

Near average

1 yrs older than neighborhood avg.

Mother tongue

English · 80%French · 3%

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

78.3 is composed by the two sections below.

Property Score

76.1Good
Living Area79
1,541 sqftGood
Year Built58
1974Fair
Lot Size100
16,292 sqftExcellent
Neighbourhood Sales Activity42
Low

Community Score

81.7Excellent
Household Income81
Excellent
Education Level72
Good
Housing Stress100
Excellent
Core Housing Need100
Excellent
Employment Health68
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: #46110348

Community deep dive

$91K

Median household income

$105K

Average household income

6%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.2

P90 / P10 ratio

26%

Single-person households

26%

Families with children

Population, labour & age

Population (2021)392
Labour force participation rate62%
Median age48.4
Avg household size2.3
Unemployment rate4%
Population density1866 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households26%
Couple families with children26%
Median household income (2020)$91K

Housing

Renter households5%
Condominium dwellings0%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)13%
Visible minority8%
Bachelor's or higher (25–64)37%
Mother tongue (1st)English · 79%
Mother tongue (2nd)French · 2%

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

Rankings

Living Area

above average
1,541 sqft
0255075100
Same streetBottom 36%Same areaTop 33%CitywideTop 28%
Same street · Chalfont Road
#43 / 67
Bottom 36% · Avg 1,680 sqft
Same area · Varsity View
#283 / 848
Top 33% · Avg 1,387 sqft
Citywide · Winnipeg
#54,819 / 194,458
Top 28% · Avg 1,342 sqft

Tax-Assessed Value

above average
510k
0255075100
Same streetTop 48%Same areaTop 29%CitywideTop 18%
Same street · Chalfont Road
#32 / 67
Top 48% · Avg 514.2k
Same area · Varsity View
#250 / 848
Top 29% · Avg 444.7k
Citywide · Winnipeg
#35,367 / 194,458
Top 18% · Avg 390.1k

Year Built

around average
1974
0255075100
Same streetBottom 42%Same areaTop 46%CitywideTop 42%

Lot Size

Elite
16,292 sqft
0255075100
Same streetTop 28%Same areaTop 5%CitywideTop 2%

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

224 Chalfont Road — 1 amenities found within 500 m, across 1 categories, including 1 parks (nearest 241 m).

Search radius
🌳Parks1

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

224 Chalfont Road: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.

Related homes

Highlights & common questions: 224 Chalfont Road, Winnipeg

Property Overview & Key Characteristics

This 1974-built, one-storey home in Varsity View sits on a remarkably large, 16,292 sqft lot—a standout feature that places it in the top 5% of properties within the community for land size. With 1,541 sqft of living space and a finished basement, it offers practical, single-level living. Its overall assessed value ranks within the top 16% citywide, indicating a solid and desirable property foundation.

The primary appeal lies in its rare combination of a spacious, level lot in a mature, established neighbourhood close to the University of Manitoba. It suits buyers looking for a long-term family home with immense outdoor potential (gardens, play space, future additions) or those who value privacy and room to breathe within the city. It’s also a fit for someone seeking a solid bungalow layout, possibly with future main-floor living in mind, on a property that significantly outperforms typical lot sizes in Winnipeg.

Frequently Asked Questions

1. What does the lot size ranking actually mean?
The rankings show that this property's lot is larger than 95% of other homes in Varsity View and 98% across all of Winnipeg. This isn't just a big yard; it's a uniquely sizable parcel for the city, offering exceptional potential.

2. The house was built in 1974. What should I consider?
While the structure is 50 years old, its assessed value remains strong (top 16% in Winnipeg). Prospective buyers should prioritize a thorough inspection focusing on updates to major systems like roof, wiring, plumbing, and windows, balanced against the enduring value of the land itself.

3. Who is the typical buyer for this home?
It likely appeals to two main groups: families seeking space for children and pets in a convenient location, and value-driven buyers or builders who recognize the long-term potential of the land, whether for enjoyment, renovation, or future redevelopment.

4. How does the finished basement add value?
It effectively increases the usable living space beyond the 1,541 sqft main floor, providing flexibility for recreation, guests, a home office, or additional storage. This makes the home feel more spacious than its official square footage might suggest.

5. The build year ranking is lower. Is that a concern?
The "newer is better" ranking reflects its age relative to the area. However, this is balanced by its superior rankings in lot size and value. It indicates you're looking at a mature property in a well-established neighbourhood, not a new construction, with the character and space that often entails.