Property score
47.2
Below average
Overall 47.2 · Smaller and older than most nearby homes
768 sqft (bottom 4%) · Built in 1956 (19 yrs older than avg)
Located in a above-average income area with median household income of ~77k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 school, 1 healthcare facility, 1 shop, and 1 park nearby
Living Area
Below average
45% smaller than neighborhood avg.
Year Built
Below average
19 yrs older than neighborhood avg.
Mother tongue
English · 78%Tagalog · 4%
Past 10 years Varsity View sales snapshot (~80% of all data)
281
492k
$398/sqft
1975
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47.2 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: #46110349
$77K
Median household income
$79K
Average household income
6%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.4
P90 / P10 ratio
41%
Single-person households
19%
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
233 Laxdal Road — 5 amenities found within 500 m, across 5 categories, including 1 education (nearest 310 m), 1 healthcare (nearest 206 m), 1 shopping (nearest 225 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 7% | Bottom 14% | Bottom 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1956-built, one-storey home on a spacious 6,003 sqft lot in Varsity View presents a straightforward opportunity. Its key appeal lies in its generous lot size, which ranks highly within its immediate area, offering significant potential for expansion, gardening, or outdoor living. The recent sale price suggests it is positioned as a more accessible entry point into the established neighbourhood. The home itself is modest in size at 768 sqft, making it a true fixer-upper or a candidate for a full-scale rebuild to suit modern needs.
The property would best suit a practical buyer with a clear vision. This could be a first-time buyer or investor comfortable with a renovation project, someone looking to build a new, custom home on a desirable lot, or even a downsizer seeking a single-level living arrangement who is willing to update the space. Its value is fundamentally in the land and location rather than the existing structure.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg. For example, its lot size ranks better than 69% of all Winnipeg properties, which is a strong point. Conversely, its living area is smaller than most, confirming it's a compact home.
2. Is this a teardown?
While not explicitly stated, the combination of a 70-year-old home with below-average living area on a highly-ranked lot strongly suggests it's a prime candidate for a major renovation or complete redevelopment. The value is heavily weighted toward the land.
3. Why did it sell for more than the assessed value?
The recent sale price exceeding the government assessment is common in active markets and often reflects the perceived value of the lot's potential, which may not be fully captured in a standard assessment of the existing structure.
4. What are the less obvious considerations for this property?
A thoughtful perspective is the long-term flexibility the lot size offers—whether for adding a large addition, creating a landscaped retreat, or future subdivision potential, subject to city bylaws. Also, as a one-storey home, it could be adapted for accessibility more easily than a multi-level property.
5. What is the neighbourhood like?
Varsity View is an established, mature neighbourhood near the University of Manitoba. This location typically offers stability, mature tree canopy, and convenient access to amenities and major routes, which adds to the underlying value of the property.
