Property score
57.0
Fair
Overall 57.0 · Smaller and older than most nearby homes
875 sqft (bottom 11%) · Built in 1962 (13 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 school, 1 healthcare facility, 1 shop, and 2 parks nearby
Living Area
Below average
37% smaller than neighborhood avg.
Year Built
Below average
13 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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57.0 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 Varsity View Drive — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 351 m), 1 healthcare (nearest 198 m), 1 shopping (nearest 191 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 40% | Bottom 33% | Bottom 45% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 40% | Bottom 21% | Bottom 36% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 229 Varsity View Drive
Key Characteristics & Appeal
This is a well-maintained, single-story home built in 1962, situated on a generous 5,384 sqft lot in the established Varsity View neighbourhood. With 875 sqft of living space and a finished basement, it offers a practical layout for comfortable living. Its recent sale in December 2024 for $322,000, slightly above its $307,000 assessed value, indicates a stable and active market for this property type.
The primary appeal lies in its location and lot size. The home provides a solid entry point into a mature, central Winnipeg community, offering more outdoor space than many newer infill properties. It suits first-time buyers seeking a manageable, ground-level home without the upkeep of a larger property, or investors looking for a reliable rental in a high-demand area near the University of Manitoba. A thoughtful perspective is its "middle-of-the-pack" rankings: while not leading in size or newness within its immediate area, it represents a dependable, average offering that has consistently held and increased its value over the last four years, appealing to those who prioritize stability over standout features.
Frequently Asked Questions
1. What is the neighbourhood like?
Varsity View is a long-established, residential community known for its proximity to the University of Manitoba, offering a mix of older character homes and newer infills, with convenient access to academic and recreational amenities.
2. Is the basement a legal suite?
The listing notes a finished basement but does not specify it as a legal secondary suite. Buyers should verify its compliance with local zoning and building codes with the city if considering rental income.
3. How does the recent sale price compare to the assessment?
The home sold for $322,000 in December 2024, which is approximately 5% above its 2024 assessed value of $307,000. This is a common occurrence in active markets and reflects current buyer demand.
4. What are the property taxes?
Property taxes are not provided in this data. They can be estimated using the City of Winnipeg's tax calculator with the assessed value, or requested directly from the listing agent.
5. The home ranks lower on size within the street. Should I be concerned?
Not necessarily. The ranking shows that most homes on the street are larger, which is typical for older neighbourhoods. This can be an advantage, as it means the subject home may be one of the more affordable and manageable properties on the block, while still benefiting from the same location.
