Property score
55.2
Fair
Overall 55.2 · Smaller and older than most nearby homes
796 sqft (bottom 6%) · Built in 1956 (19 yrs older than avg)
Located in a high-income area with median household income of ~91k
Transit 62.0 · 3-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
43% smaller than neighborhood avg.
Year Built
Below average
19 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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55.2 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: #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
240 Elmhurst Road — 5 amenities found within 500 m, across 4 categories, including 1 education (nearest 480 m), 1 healthcare (nearest 301 m), 1 shopping (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%
240 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 Overview: 240 Elmhurst Road, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a well-situated, single-storey home on a large, 7,644 sqft lot in the established Varsity View neighborhood. Its primary appeal lies in its generous outdoor space—a rarity in the city—and its location, which outperforms most of Winnipeg for lot size. The home itself is modest at 796 sqft, with a finished basement and an attached garage, built in 1956.
The property suits two main types of buyers. First, it's ideal for those valuing land over living space: an end-user seeking a massive yard for gardening, pets, or future expansion, or an investor eyeing the lot's long-term redevelopment potential. Second, it fits downsizers or first-time buyers looking for a solid, no-frills bungalow in a central, mature community, who are comfortable with a home that requires updates. The rankings reveal a thoughtful perspective: while the interior space is compact, the property's true competitive edge is its land, placing it in the top 13% city-wide for lot size. It's a classic "good bones" property where the value is more in what you could do with it over time than in its current finish.
Frequently Asked Questions
1. Is the house in original condition?
Given its 1956 build date and the rankings showing its living area and age are below average for the area, it is very likely the home retains much of its original layout and features, which is typical for the neighborhood. A viewing is essential to confirm the state of major systems like plumbing, electrical, and the roof.
2. Why is the assessed value higher than the price per square foot might suggest?
The assessment reflects the total property value, which is heavily influenced by the large, desirable lot. The city's valuation accounts for the land's size and location, not just the building's square footage.
3. What is the neighborhood like?
Varsity View is a mature, tree-lined community near the University of Manitoba. It offers a quiet, established residential feel with good access to amenities, parks, and academic institutions. The high lot-size ranking for the area indicates a neighborhood of spacious properties.
4. Is there potential to expand or rebuild?
The exceptionally large lot provides significant potential. Any expansion (like an addition) or future rebuild would be subject to City of Winnipeg zoning bylaws and permitting. The lot's size is its most compelling feature for such possibilities.
5. How do the "rankings" work?
These rankings compare this specific property against others on its street, in Varsity View, and across all of Winnipeg for metrics like lot size and age. For example, being in the "top 13%" for lot size in Winnipeg means 87% of city properties have a smaller lot, highlighting a key strength. Conversely, rankings for living area confirm the home itself is compact.
