Property score
53.1
Fair
Overall 53.1 · Smaller and older than most nearby homes
761 sqft (bottom 4%) · Built in 1942 (33 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
45% smaller than neighborhood avg.
Year Built
Below average
33 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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53.1 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
234 Elmhurst Road — 5 amenities found within 500 m, across 4 categories, including 1 education (nearest 471 m), 1 healthcare (nearest 285 m), 1 shopping (nearest 245 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%
234 Elmhurst Road: 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.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 234 Elmhurst Road, Varsity View, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, one-storey home built in 1942, situated on a notably large, mature lot of over 8,000 square feet in the established Varsity View neighborhood. Its primary appeal lies in its land value and location, offering a rare opportunity for a spacious, private yard close to the University of Manitoba. The house itself, at 761 sqft, is modest and would benefit from modernization.
This property is best suited for three types of buyers: first, the land investor or builder who sees ultimate value in the large lot for future redevelopment. Second, a handy buyer or renovator looking for an affordable entry into a desirable area, willing to update a home over time. Third, it could serve as a downsizing option for someone seeking single-level living, provided they are comfortable with the home's current vintage condition and scale.
A less obvious perspective is its potential as a long-term hold. While the home's metrics (age, size, assessed value) rank in the lower percentiles locally, its land size ranks in the top 11% city-wide. This significant disconnect suggests the property's value is currently land-heavy, offering a stable asset in a central location that may outpace simpler investments.
Section 2: Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Varsity View, and across all of Winnipeg. For example, its land size is in the top 11% in the city, meaning it's larger than 89% of Winnipeg lots. Conversely, its living area is smaller than 92% of city homes.
2. Is this a "tear-down" property?
While the 1942 home is modest and dated, it is habitable. A tear-down is one potential path, especially given the valuable lot size. However, the home could also be renovated or expanded, subject to local zoning and building codes.
3. Who is the typical buyer in Varsity View?
The neighborhood, adjacent to the University of Manitoba, attracts a mix of university staff, students, families seeking proximity to schools and amenities, and investors interested in rental properties near a major institution.
4. What are the implications of having no basement or garage?
The lack of a basement significantly reduces storage and mechanical space, which will be a key layout consideration for any renovation. No garage means parking and storage will be reliant on the driveway and the home itself.
5. How should I interpret the assessed value?
The municipal assessment of $255,000 is for taxation purposes and is a lagging indicator of market value. It reflects the property's condition and characteristics from a prior valuation date. In a active market, especially for land-rich properties, the sale price can differ substantially from this figure.
