Property score
62.5
Fair
Overall 62.5 · Older than most nearby homes
1,150 sqft (bottom 38%) · Built in 1963 (12 yrs older than avg)
Located in a above-average income area with median household income of ~77k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 school, 1 healthcare facility, 1 shop, and 1 park nearby
Living Area
Below average
17% smaller than neighborhood avg.
Year Built
Below average
12 yrs older than neighborhood avg.
Mother tongue
English · 78%Tagalog · 4%
Past 10 years Varsity View sales snapshot (~80% of all data)
281
492k
$398/sqft
1975
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62.5 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: #46110349
$77K
Median household income
$79K
Average household income
6%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.4
P90 / P10 ratio
41%
Single-person households
19%
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 Laxdal Road — 5 amenities found within 500 m, across 5 categories, including 1 education (nearest 338 m), 1 healthcare (nearest 248 m), 1 shopping (nearest 266 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 19% | Bottom 25% | Bottom 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This is a well-situated, one-storey home in Varsity View, built in 1963 on a large, approximately 9,000 sqft lot. Its primary appeal lies in the combination of a generous, mature property and a functional, updated layout. The home features 1,150 sqft of living space, a finished basement, and a detached split garage. The data suggests a property that offers solid value: it ranks highly for lot size within Winnipeg (top 8%) and its current assessed value is above the majority of homes in the city. This isn't a brand-new build, but rather a home that has been maintained and improved over time, as evidenced by the finished basement and the increase in value since its 2021 sale.
Its appeal is grounded in space, location, and practicality. It would suit a buyer looking for a manageable single-level floorplan with ample outdoor space for gardening, play, or future expansion. It’s ideal for those who value a quiet, established neighbourhood close to the University of Manitoba, and who prefer a home with good bones and a large yard over a newer home on a smaller lot. A thoughtful perspective is that while the home itself is average in size for the area, the lot size is a significant and appreciating asset, offering privacy and potential that is increasingly rare.
Frequently Asked Questions
1. How does the 2021 sale price compare to the current assessment?
The home sold for $305,000 in late 2021. The current assessed value is $382,000, which reflects market changes and any improvements made since that purchase.
2. What does the "finished basement" entail?
The listing confirms the basement is finished, meaning it has been developed into livable space (e.g., rec room, bedrooms, office). Specifics on layout, ceiling height, and permits should be verified during a viewing or with the seller.
3. Is the large lot a benefit for future expansion?
Potentially, yes. The nearly quarter-acre lot provides significant outdoor space and could allow for additions like a larger garage, a garden suite (subject to zoning and permits), or extensive landscaping. It's a key feature that adds long-term value.
4. How does this home rank for its age and size in the area?
The home is older (1963) and ranks in the middle-to-lower range for age and living area within its immediate neighbourhood. However, it ranks exceptionally high for lot size. This indicates you are purchasing more for the land and location than for a large or modern house.
5. What is a "split garage"?
A split garage, typically detached, is divided into two separate bays, often with two individual doors. This can be useful for separating a workshop from vehicle storage or for housing multiple vehicles/items with clear divisions.
