248 Mclean Street

Varsity View, Winnipeg

Property score

68.9

Good

Overall 68.9 · Older than most nearby homes

1,225 sqft (bottom 46%) · Built in 1940 (35 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

Near average

12% smaller than neighborhood avg.

Year Built

Below average

35 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

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Property score

68.9 is composed by the two sections below.

Property Score

60.4Fair
Living Area66
1,225 sqftGood
Year Built24
1940Low
Lot Size93
8,076 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
1,225 sqft
0255075100
Same streetTop 31%Same areaBottom 46%CitywideTop 48%
Same street · Mclean Street
#15 / 49
Top 31% · Avg 1,128 sqft
Same area · Varsity View
#457 / 848
Bottom 46% · Avg 1,387 sqft
Citywide · Winnipeg
#92,884 / 194,458
Top 48% · Avg 1,342 sqft

Tax-Assessed Value

around average
318k
0255075100
Same streetBottom 31%Same areaBottom 16%CitywideBottom 35%
Same street · Mclean Street
#34 / 49
Bottom 31% · Avg 367.7k
Same area · Varsity View
#713 / 848
Bottom 16% · Avg 444.7k
Citywide · Winnipeg
#126,739 / 194,458
Bottom 35% · Avg 390.1k

Year Built

below average
1940
0255075100
Same streetBottom 6%Same areaBottom 4%CitywideBottom 19%

Lot Size

above average
8,076 sqft
0255075100
Same streetTop 6%Same areaTop 32%CitywideTop 11%

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

248 Mclean Street — 5 amenities found within 500 m, across 4 categories, including 1 education (nearest 421 m), 1 healthcare (nearest 277 m), 1 shopping (nearest 265 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

Sold 7/2020CA$250k–300k
Sold price

Same street

Bottom 38%

Same area

Bottom 17%

City-wide

Bottom 32%
Sold 4/2016CA$250k–300k
Sold price

Same street

Bottom 31%

Same area

Bottom 14%

City-wide

Bottom 29%

Related homes

Highlights & common questions: 248 Mclean Street, Winnipeg

Property Overview

This 1940s one-storey home in Varsity View offers a classic Winnipeg living proposition. Its primary appeal lies in its exceptionally large, 8,076 sqft lot, which places it in the top 6% of properties on its street for land size. The house itself, at 1,225 sqft, provides a comfortable footprint. Key characteristics include an unfinished basement, no garage, and a traditional single-level layout. The property suits buyers who prioritize land over a turn-key home—ideal for someone with a vision for extensive gardens, outdoor space, or future expansion. It also appeals to those comfortable with a home of vintage character that may require updates, offering a solid foundation in a mature, established neighbourhood. A less obvious perspective is its strong relative ranking for lot size city-wide (top 11%), suggesting this is a rare urban parcel that could hold long-term value based on land scarcity alone, despite the home's age.

Frequently Asked Questions

1. What does the "relative ranking" data mean?
The rankings show how this property compares to others in specific categories. For example, its lot size ranks higher than 94% of homes on its street, indicating an unusually large yard for the area. Conversely, its 1940 build year ranks lower, meaning it's older than most comparable homes.

2. Is the unfinished basement a drawback or an opportunity?
It depends on the buyer. It requires investment to finish, but it also provides a blank canvas for creating additional living space, storage, or utilities without the cost of demolishing an existing finished layout.

3. The home is older—what should I be prepared for?
A home from 1940 will likely have older mechanical systems (like plumbing and wiring), windows, and insulation. Budgeting for maintenance, energy efficiency upgrades, and potential renovations is prudent. Its age is reflected in its lower ranking for "newness" across the neighbourhood and city.

4. There's no garage. How is parking?
The listing does not specify dedicated parking. Buyers should investigate on-street parking regulations, the potential to add a driveway or parking pad on the large lot, and typical parking availability in the immediate area.

5. The assessed value is higher than the last sale price. What does that indicate?
The city's 2024 assessment is $318,000, while it last sold for $280,000 in 2020. This gap can reflect market appreciation, different valuation methodologies, or specific property conditions. It establishes a base for property taxes but does not dictate market sale price.