242 Mclean Street

Varsity View, Winnipeg

Property score

66.9

Good

Overall 66.9 · Compared with neighbourhood average

1,080 sqft (bottom 31%) · Built in 1972 (3 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

22% 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)

Sold Count

281

Median price

492k

$/sqft

$398/sqft

Avg build year

1975

Need help understanding this property?

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

Property score

66.9 is composed by the two sections below.

Property Score

57.0Fair
Living Area52
1,080 sqftFair
Year Built58
1972Fair
Lot Size81
6,454 sqftExcellent
Neighbourhood Sales Activity42
Low

Community Score

81.7Excellent
Household Income81
Excellent
Education Level72
Good
Housing Stress100
Excellent
Core Housing Need100
Excellent
Employment Health68
Good

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110348

Community deep dive

$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

Population, labour & age

Population (2021)392
Labour force participation rate62%
Median age48.4
Avg household size2.3
Unemployment rate4%
Population density1866 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households26%
Couple families with children26%
Median household income (2020)$91K

Housing

Renter households5%
Condominium dwellings0%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)13%
Visible minority8%
Bachelor's or higher (25–64)37%
Mother tongue (1st)English · 79%
Mother tongue (2nd)French · 2%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,080 sqft
0255075100
Same streetTop 43%Same areaBottom 31%CitywideBottom 37%
Same street · Mclean Street
#21 / 49
Top 43% · Avg 1,128 sqft
Same area · Varsity View
#588 / 848
Bottom 31% · Avg 1,387 sqft
Citywide · Winnipeg
#121,563 / 194,458
Bottom 37% · Avg 1,342 sqft

Tax-Assessed Value

above average
377k
0255075100
Same streetTop 29%Same areaBottom 39%CitywideTop 45%
Same street · Mclean Street
#14 / 49
Top 29% · Avg 367.7k
Same area · Varsity View
#521 / 848
Bottom 39% · Avg 444.7k
Citywide · Winnipeg
#87,097 / 194,458
Top 45% · Avg 390.1k

Year Built

around average
1972
0255075100
Same streetTop 41%Same areaBottom 43%CitywideTop 45%

Lot Size

above average
6,454 sqft
0255075100
Same streetTop 39%Same areaBottom 39%CitywideTop 23%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

242 Mclean Street — 5 amenities found within 500 m, across 4 categories, including 1 education (nearest 409 m), 1 healthcare (nearest 259 m), 1 shopping (nearest 244 m).

Search radius
🏫Education1
🏥Healthcare1
🛒Shopping1
🌳Parks2

Crime & Safety

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%

Sales History

242 Mclean Street: 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.

Related homes

Highlights & common questions: 242 Mclean Street, Winnipeg

Property Overview

This 1972-built, one-storey home in Varsity View offers a practical layout on a large, 6,454 sqft lot. Its key appeal lies in its combination of space, location, and move-in-ready condition. The 1,080 sqft living area features a finished basement, providing flexible space for a growing family, a home office, or recreation. With a detached garage and a lot size that ranks well above average for the street and city, it presents notable outdoor potential. The home’s overall assessed value ranks competitively, suggesting a solid foundation for its price point.

It would suit first-time buyers or downsizers seeking single-level living without sacrificing yard space, or investors attracted by its desirable university-area location and solid fundamentals. A thoughtful perspective is that while the home is over 50 years old, its rankings for lot size and value outpace its age ranking, indicating the land and location are significant drivers of its worth.

Frequently Asked Questions

1. How does the finished basement add to the living space?
The finished basement effectively expands the usable square footage beyond the main floor's 1,080 sqft, offering versatile space for family, guests, or hobbies without the need for immediate renovation.

2. What are the implications of the lot size rankings?
The property's lot size ranks in the top 23% across Winnipeg, meaning its outdoor space is a standout feature for the city, offering more privacy and potential than typical parcels.

3. Is the home’s age a concern?
Built in 1972, the home is mature but not among the oldest in its area (ranking near the middle for age in its community). Its stronger rankings in value and lot size suggest these attributes may offset typical age-related considerations for buyers.

4. What does the "split" or detached garage mean for parking?
A detached garage provides secure parking and additional storage but may require crossing a portion of the yard to access the house, a factor to consider during winter months.

5. How should I interpret the various ranking percentages?
The rankings compare this property to others on its street, in Varsity View, and across Winnipeg. For example, ranking "in the top 23%" for lot size in Winnipeg is a significant advantage, while more moderate rankings in living area size suggest a comfortable but not oversized interior footprint for the neighborhood.