Property score
71.8
Good
Overall 71.8 · Compared with neighbourhood average
1,370 sqft (top 42%) · Built in 1970 (5 yrs older than avg)
Located in a above-average income area with median household income of ~82k
Transit 80.0 · 4-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
1% smaller than neighborhood avg.
Year Built
Below average
5 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
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71.8 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
245 Alcrest Drive — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 301 m), 1 healthcare (nearest 369 m), 1 shopping (nearest 425 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 14% | Bottom 33% | Bottom 45% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 245 Alcrest Drive, Varsity View, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-established, single-storey home on an exceptionally large, mature lot in the sought-after Varsity View neighbourhood. Its key characteristic is the generous 11,542 sqft property, which ranks in the top 4% for size across all of Winnipeg, offering rare potential for gardening, expansion, or simply enjoying private outdoor space. The home itself is a manageable 1,370 sqft bungalow with a finished basement and an attached garage, presenting a classic and functional layout.
The appeal lies in a combination of location and land. Varsity View is a prime, central community, and this property offers a slice of suburban space within it. It suits two primary types of buyers: those looking for a solid, move-in ready home with unparalleled yard space in a fantastic location, and visionaries or builders who see the underlying value in the land itself for future renovation or redevelopment. A less obvious perspective is its appeal to multi-generational families; the single-level living is accessible, and the vast lot could accommodate additions like a separate suite or extensive outdoor living areas. The strong rankings in community and city-wide assessments (top 11% and 4% for lot size, respectively) indicate a property that stands out from the typical offering.
Section 2: Frequently Asked Questions
1. What is the true value of such a large lot?
Beyond private enjoyment, a lot of this size in Varsity View is a significant financial asset. It provides flexibility for future projects (like an addition, garage, or garden suite) that smaller lots cannot, and inherently holds value due to its scarcity in the area.
2. Is a 56-year-old home a concern?
The 1970 build date means systems (roof, HVAC, plumbing) may be at or beyond their typical lifespan. A thorough inspection is crucial. However, the home has been maintained, with a finished basement and a stable assessment value well above its 2016 purchase price, suggesting prudent updates.
3. Who would this home not suit?
Buyers seeking a modern, open-concept layout or a low-maintenance property without yard work may find the traditional bungalow style and extensive grounds more of a burden than a benefit.
4. How does the 2016 sale price relate to today's value?
The previous sale at $320,000 eight years ago and the current assessment near $448,000 reflect market appreciation. It also indicates the sellers have likely built substantial equity, which can sometimes provide more flexibility in negotiations than a recent purchase would.
5. What does the "finished basement" entail?
The listing confirms a finished basement but does not specify the extent, layout, or if it includes legal egress windows. This is a key detail to clarify, as it impacts the functional living space and potential for a rental suite.
