Property score
58.4
Fair
Overall 58.4 · Smaller than most nearby homes
875 sqft (bottom 11%) · Built in 1972 (3 yrs older than avg)
Located in a high-income area with median household income of ~91k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 shop, and 2 parks nearby
Living Area
Below average
37% smaller than neighborhood avg.
Year Built
Near average
3 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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58.4 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 Wexford Street — 3 amenities found within 500 m, across 2 categories, including 1 shopping (nearest 468 m), 2 parks (nearest 163 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 45% | Bottom 29% | Bottom 43% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1972 bi-level home at 240 Wexford Street offers a practical and affordable entry into Winnipeg's established Varsity View neighbourhood. Its key appeal lies in the combination of a large, 5,047 sqft lot and a fully finished basement, which expands the living space beyond the 875 sqft main floor. As a bi-level, it provides a distinct separation of living and sleeping areas. The home suits first-time buyers or investors looking for a lower-maintenance property with land potential in a central, mature community. Its value is underscored by steady appreciation since its 2016 sale.
A more nuanced perspective: while its interior size ranks below average locally, the expansive lot is a significant asset in this inner-city area, offering rare space for gardening, play, or future expansion. The home’s rankings suggest it is a competitively priced "middle-of-the-road" property for the broader Winnipeg market, making it a sensible, no-fuss option rather than a standout luxury purchase.
Frequently Asked Questions
1. What does the ranking data actually mean?
The percentages show how this property compares to others. For example, its land size ranks in the top 5% on its street, meaning the lot is larger than most neighbours'. Conversely, its living area is smaller than about 85% of homes on the street.
2. Is the finished basement included in the 875 sqft living area?
No. The listed 875 sqft is the above-ground living area. The finished basement provides additional, separate space that is not typically counted in the official square footage.
3. What are the implications of a "Split-Level Garage"?
This typically means a detached garage shared with a neighbouring property, where each owner owns their half. It's a cost-effective solution but requires good communication with the neighbour regarding maintenance and shared walls.
4. How significant is the price increase from the 2016 sale?
The assessed value has risen from $316,000 to $384,000 over eight years. This reflects general market trends and suggests stable, modest growth for the area.
5. Who would this property NOT suit?
Buyers seeking a large, modern interior or a turn-key home may find it limiting. The floor plan and finishes are characteristic of its era, and the living space is compact. It's best for those who value location and lot size over expansive indoor square footage.
