Property score
78.4
Good
Overall 78.4 · Newer than most nearby homes
1,519 sqft (top 35%) · Built in 2004 (29 yrs newer than avg)
Located in a above-average income area with median household income of ~82k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 healthcare facility, 1 shop, and 2 parks nearby
Living Area
Near average
10% larger than neighborhood avg.
Year Built
Above average
29 yrs newer than neighborhood avg.
Mother tongue
English · 88%French · 1%
Past 10 years Varsity View sales snapshot (~80% of all data)
281
492k
$398/sqft
1975
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78.4 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: #46111102
$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
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
225 Alcrest Drive — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 225 m), 1 healthcare (nearest 310 m), 1 shopping (nearest 371 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 | Top 21% | Top 13% | Top 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 225 Alcrest Drive
Key Characteristics & Appeal
This 2004-built home at 225 Alcrest Drive in Varsity View presents a compelling mix of modern convenience and established neighborhood character. With 1,519 sqft of living space, it sits comfortably above the Winnipeg citywide average, offering ample room in a home that avoids feeling dated. Its primary appeal lies in its balanced positioning: it’s a newer construction on a street and in a neighborhood where many homes are decades older, suggesting fewer immediate major repairs and more contemporary layouts.
The assessed value of $573k is notably above averages for the street, neighborhood, and city, indicating a premium valuation that likely reflects the home’s condition, updates, or specific features. The lot size of 7,885 sqft is smaller than others on Alcrest Drive but is still above the city average, offering a manageable yard with less maintenance.
This property would suit buyers looking for a move-in ready home in a mature area without inheriting the significant renovation projects common with mid-century houses. It’s ideal for professionals or small families who value a modern living space within a well-regarded community, and who are comfortable with an assessment that reflects a premium for that condition.
Frequently Asked Questions
1. Why is the assessed value so much higher than the street and neighborhood averages?
The assessment reflects the property’s specific attributes, most notably its 2004 build date in an area of mostly older homes. This suggests superior construction materials, modern systems (like plumbing and electrical), and likely contemporary finishes that command a premium compared to the area’s average.
2. Is the smaller lot size a disadvantage?
It depends on your priorities. While it’s below the street average, it remains larger than the typical Winnipeg lot. This translates to less yard maintenance than many neighbors, which can be a benefit, while still providing decent outdoor space.
3. What does the "Top 29%" citywide ranking for living area mean?
It means this home’s interior square footage is greater than 71% of comparable properties across Winnipeg. You’re getting more house space than most in the city, which is a strong point for livability and potential resale.
4. The home is newer, but how does it fit in an older neighborhood?
This is a key point. You get the benefits of a newer, low-maintenance structure while enjoying the mature trees, established gardens, and settled community vibe of Varsity View. It offers the best of both worlds for many buyers.
5. Are property taxes likely to be high given the assessment?
Property taxes are based on the mill rate and your assessed value. With an assessment significantly above local averages, you should budget for a correspondingly higher tax bill compared to older, less updated homes on the same street.
