Property score
69.6
Good
Overall 69.6 · Older than most nearby homes
1,411 sqft (top 40%) · Built in 1938 (37 yrs older than avg)
Located in a high-income area with median household income of ~91k
Transit 62.0 · 2-min walk to transit with 1 nearby route · Within 500m: 1 healthcare facility, 1 shop, and 3 parks nearby
Living Area
Near average
2% larger than neighborhood avg.
Year Built
Below average
37 yrs older than neighborhood avg.
Mother tongue
English · 80%French · 3%
Past 10 years Varsity View sales snapshot (~80% of all data)
281
492k
$398/sqft
1975
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69.6 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: #46110348
$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
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
229 Lynbrook Drive — 5 amenities found within 500 m, across 3 categories, including 1 healthcare (nearest 395 m), 1 shopping (nearest 336 m), 3 parks (nearest 263 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 47% | Bottom 44% | Top 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 229 Lynbrook Drive, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, one-storey character home built in 1938, situated on a generous 5,382 sqft lot in the established Varsity View neighbourhood. Its key features include a fully finished basement, a split garage, and 1,411 sqft of living space. The home’s appeal lies in its balance of vintage charm and functional updates, offering a move-in-ready canvas in a prime location near the University of Manitoba.
The property stands out for its strong relative value within its immediate area. While the home is older, its living space is larger than most in the neighbourhood, and its recent sale price was competitive. It suits buyers looking for a single-level layout on a sizable lot, who appreciate the character of an older home but not a full-scale renovation project. It’s a practical choice for small families, downsizers, or investors attracted by the steady rental market near the university. A less obvious perspective is its potential for future expansion; the large lot provides room for additions or landscaping projects that would be impossible on newer, smaller parcels.
Frequently Asked Questions
1. How does the age of the home (built in 1938) affect its value and maintenance?
While older than most homes in Winnipeg, the property is in good standing relative to its peers in Varsity View. The fully finished basement and recent sale indicate it has been updated and maintained. Buyers should budget for ongoing upkeep typical of a character home but can be reassured it is a functional and competitive property in its market.
2. The rankings show it's "newer" than only 3% of homes in the community. Is this a concern?
This statistic specifically compares the build year. While the home is historically older, its overall appeal is balanced by its above-average living space and lot size for the area. It ranks much higher in those categories, suggesting it offers more room than many newer homes nearby.
3. What do the competitive rankings actually mean?
They show how this property compares to others in its immediate street, community, and all of Winnipeg across specific metrics. For example, its living space is larger than 63% of homes in Varsity View, a significant advantage. The rankings provide a quick, data-driven snapshot of its relative strengths and weaknesses.
4. The home sold for $35.5k over the assessed value in 2023. Why?
The assessed value is for municipal tax purposes and often lags behind the current market. The final sale price is determined by buyer demand and reflects what buyers were willing to pay for this specific property's location, lot size, condition, and features at that time.
5. Who would this property NOT be suitable for?
It may not suit buyers seeking a modern, open-concept layout without any renovation work, or those who prefer a brand-new home with all new systems. The single-storey design and vintage details also mean it has a different flow and feel than a contemporary build.
