227 Varsity View Drive

Varsity View, Winnipeg

Property score

70.8

Good

Overall 70.8 · Compared with neighbourhood average

1,152 sqft (bottom 38%) · Built in 1975

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

Transit 70.0 · 2-min walk to transit with 1 nearby route · Within 500m: 1 school, 1 healthcare facility, 1 shop, and 3 parks nearby

Living Area

Below average

17% smaller than neighborhood avg.

Year Built

Near average

0 yrs newer 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

70.8 is composed by the two sections below.

Property Score

63.6Fair
Living Area60
1,152 sqftFair
Year Built58
1975Fair
Lot Size93
8,076 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

around average
1,152 sqft
0255075100
Same streetTop 46%Same areaBottom 38%CitywideBottom 45%
Same street · Varsity View Drive
#6 / 13
Top 46% · Avg 1,149 sqft
Same area · Varsity View
#527 / 848
Bottom 38% · Avg 1,387 sqft
Citywide · Winnipeg
#106,322 / 194,458
Bottom 45% · Avg 1,342 sqft

Tax-Assessed Value

around average
377k
0255075100
Same streetTop 38%Same areaBottom 39%CitywideTop 45%
Same street · Varsity View Drive
#5 / 13
Top 38% · Avg 350.1k
Same area · Varsity View
#521 / 848
Bottom 39% · Avg 444.7k
Citywide · Winnipeg
#87,097 / 194,458
Top 45% · Avg 390.1k

Year Built

above average
1975
0255075100
Same streetTop 23%Same areaTop 44%CitywideTop 40%

Lot Size

above average
8,076 sqft
0255075100
Same streetTop 15%Same areaTop 32%CitywideTop 11%

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

227 Varsity View Drive — 7 amenities found within 500 m, across 5 categories, including 1 education (nearest 342 m), 1 healthcare (nearest 181 m), 1 shopping (nearest 172 m).

Search radius
🏫Education1
🏥Healthcare1
🛒Shopping1
🌳Parks3
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

227 Varsity View Drive: 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: 227 Varsity View Drive, Winnipeg

Property Overview

This 1975-built, one-storey home in Varsity View offers a practical and spacious family living environment on a large, 8,076 sqft lot. Its key appeal lies in the combination of a generous, private yard and a fully finished basement, providing flexible space beyond the 1,152 sqft main floor. The property ranks highly for its lot size and overall value within Winnipeg, placing it ahead of most comparable homes in the city. It suits buyers looking for a solid, single-level home with room to grow outdoors, ideal for families, downsizers seeking single-floor living with extra storage or hobby space, or investors attracted by its established neighborhood and above-average city-wide rankings for land value.

Frequently Asked Questions

1. How does the age of the home (built in 1975) affect its condition and potential costs?
While the home is well-established, its age means prospective buyers should budget for updates to major systems like roofing, windows, or the furnace, which may be nearing the end of their typical lifespans. A thorough inspection is advised to prioritize any necessary maintenance.

2. What are the advantages of such a large lot (over 8,000 sqft)?
The lot size is a significant asset, offering ample private outdoor space for gardening, recreation, or future additions like a deck or shed. It also provides a greater sense of privacy and contributes substantially to the property's overall value and appeal.

3. Who would benefit most from the fully finished basement?
The finished basement adds valuable flexible space. It’s ideal for a growing family needing extra living or play areas, a home-based worker seeking a separate office, or anyone wanting a dedicated media or hobby room without expanding the home's footprint.

4. The home ranks highly for lot size but mid-range for living area. What does this mean?
This indicates you are investing significantly in land and location. The living space is functional, but the property's standout feature is its outdoor space and land value. It's perfect for those who prioritize yard size over a large interior, or who see potential for future expansion.

5. What do the neighborhood and street rankings actually tell me?
The rankings show the home is very competitive within Winnipeg overall, especially for lot size. In its immediate neighborhood, it's above average but not the top tier, suggesting it's a solid, valued property in a well-regarded area without the premium price of the absolute top-ranked homes on the street.