Property score
72.0
Good
Overall 72.0 · Compared with neighbourhood average
1,312 sqft (top 47%) · Built in 1966 (9 yrs older than avg)
Located in a above-average income area with median household income of ~82k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 healthcare facility, 1 shop, and 2 parks nearby
Living Area
Near average
5% smaller than neighborhood avg.
Year Built
Below average
9 yrs older than neighborhood avg.
Mother tongue
English · 88%French · 1%
Past 10 years Varsity View sales snapshot (~80% of all data)
281
492k
$398/sqft
1975
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
72.0 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: #46111102
$82K
Median household income
$97K
Average household income
10%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.1
P90 / P10 ratio
45%
Single-person households
13%
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
242 Alcrest Drive — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 290 m), 1 healthcare (nearest 407 m), 1 shopping (nearest 471 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%
242 Alcrest Drive: 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 & Key Characteristics
This property is a classic, well-situated bungalow in the established Varsity View neighbourhood. Its primary appeal lies in the combination of a generous, mature lot and a solid, move-in-ready foundation. With over 14,600 square feet of land, the lot size is a true standout, ranking in the top 5% of the community and top 2% city-wide, offering exceptional outdoor space and potential. The home itself features 1,312 sqft of living space, a finished basement, and a split garage, all on a single, accessible level.
The home suits two primary types of buyers. First, it's ideal for those seeking a long-term family home where the yard is a priority—for gardens, play space, or future additions. Second, it perfectly matches buyers looking for the stability and charm of an older, established area without needing a major renovation project, as the home is already updated and livable. A less obvious perspective is its appeal to multi-generational living or those planning for aging in place, given the single-storey layout and the possibility to customize the spacious basement.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The rankings show that this property's lot is larger than 95% of homes in Varsity View and 98% in all of Winnipeg. It's a exceptionally large parcel for the city, offering rare privacy and space.
2. The house was built in 1966. What should I expect?
While the structure is 60 years old, the key systems and the basement have been updated and finished. Buyers should still budget for the ongoing maintenance typical of any older home, but it is presented as a functional, modernized living space.
3. How does the assessment value relate to the asking price?
The municipal assessment is $460,000, which is a benchmark for property taxes. The final sale price is determined by the current market and may be higher or lower than this figure.
4. Is the neighbourhood suitable for families?
Varsity View is a mature, central neighbourhood known for its quiet, tree-lined streets and proximity to universities, schools, and amenities. Its established nature often appeals to families.
5. What are the advantages of a one-storey home like this?
The main advantages are single-level living, which is convenient and accessible, and a straightforward layout. The finished basement effectively doubles the usable living space, offering flexibility for recreation, guests, or a home office.
