Property score
63.6
Fair
Overall 63.6 · Smaller and older than most nearby homes
1,050 sqft (bottom 27%) · Built in 1963 (12 yrs older than avg)
Located in a high-income area with median household income of ~91k
Transit 62.0 · 4-min walk to transit with 1 nearby route · Within 500m: 1 healthcare facility, 1 shop, and 2 parks nearby
Living Area
Below average
24% smaller than neighborhood avg.
Year Built
Below average
12 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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63.6 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
242 Lynbrook Drive — 4 amenities found within 500 m, across 3 categories, including 1 healthcare (nearest 381 m), 1 shopping (nearest 333 m), 2 parks (nearest 255 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 Lynbrook 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: 242 Lynbrook Drive, Varsity View, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, single-story home built in 1963, situated on a generous 4,521 sqft lot in the established Varsity View neighborhood. With 1,050 sqft of living space and a finished basement, it offers a practical, no-frills layout. Its appeal lies in its solid foundation and location within a mature, central community. The property presents a clear opportunity for buyers seeking an entry point into a desirable area, with the lot size being a significant long-term asset. It would best suit a first-time buyer, an investor, or a downsizer comfortable with a home of this vintage. The value proposition is straightforward: you are purchasing location and land, with the house itself offering functional living space that is ripe for personalization or gradual updates over time. A thoughtful perspective is that while its current rankings against newer homes are modest, its stability in a well-regarded neighborhood provides a different kind of security—one based on established community character rather than modern finishes.
Section 2: Frequently Asked Questions
1. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg for metrics like size, age, and assessed value. For example, being newer than 41% of Winnipeg homes indicates it's roughly in the middle of the pack for age, which is typical for its neighborhood.
2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. A buyer should verify its current configuration and compliance with local regulations if rental income is a consideration.
3. What are the implications of a 1963 build year?
Homes from this era often have solid construction but may require updates to major systems like plumbing, electrical, or insulation. A thorough inspection is highly recommended to understand the condition and plan for any modernizations.
4. There's no garage. What are the parking options?
The property has no garage, so parking is limited to the driveway and street. Prospective buyers should assess on-street parking availability, especially during winter parking bans, to ensure it meets their needs.
5. Why is the assessed value lower than similar asking prices in the area?
Municipal assessed value for taxation purposes often lags behind current market values. The assessment is a starting point, but the final sale price will be determined by market conditions, the home's specific condition, and buyer demand for the location.
