Property score
44.9
Below average
Overall 44.9 · Smaller and older than most nearby homes
735 sqft (bottom 4%) · Built in 1940 (35 yrs older than avg)
Located in a above-average income area with median household income of ~77k
Transit 74.0 · 4-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
47% smaller than neighborhood avg.
Year Built
Below average
35 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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44.9 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
251 Laxdal Road — 5 amenities found within 500 m, across 5 categories, including 1 education (nearest 352 m), 1 healthcare (nearest 267 m), 1 shopping (nearest 285 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 4% | Bottom 5% | Bottom 17% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 2% | Bottom 9% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 251 Laxdal Road, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a classic, no-frills 1940s bungalow on a generous 6,002 sqft lot in the established Varsity View neighbourhood. With 735 sqft of living space, no basement, and no garage, it presents a straightforward, single-level living option. Its core appeal lies in its lot size and location—offering space and potential in a mature, central community near the University of Manitoba. The property suits practical buyers looking for an entry point into the area, those seeking a manageable footprint without stairs, or investors/developers attracted by the large, level lot. It’s not a move-in-ready showcase; its value is grounded in its land and location rather than its current structure or rankings, which are consistently in the lower percentiles for the area in terms of size, age, and assessed value. A thoughtful perspective sees this as a canvas: the significant price appreciation from 2017 to 2021 suggests the market values the underlying land, making it a candidate for future renovation or redevelopment rather than judging it solely on its existing modest footprint.
Frequently Asked Questions
1. What does "no basement" mean for this property?
It means the house is built on a concrete slab foundation. There is no below-ground storage, mechanical, or living space. Utilities will be at ground level, and all living is confined to the main floor layout.
2. The rankings show it's in the bottom percentages for the street and area. Is this a bad sign?
Not necessarily. The rankings compare specific metrics like living area and assessed value. For this home, they primarily confirm it is one of the smaller, older, and more modestly valued properties in a desirable neighbourhood. This reflects its character as a potential starter home or land-value proposition in a well-regarded location.
3. Who is responsible for the exterior maintenance and landscaping of such a large lot?
The homeowner is fully responsible for the entire 6,002 sqft lot. This includes lawn care, tree maintenance, snow removal from the driveway and walks, and any fencing. The lot size is an asset but also requires more upkeep than a smaller yard.
4. Is there potential to add a garage or expand the house?
The large lot certainly provides physical space for additions like a detached garage or a home extension. Any plans would require checking with the City of Winnipeg for zoning bylaws, setback requirements, and obtaining the necessary permits.
5. The assessed value is $241,000, but it sold for $228,000 in 2021. Which figure is more accurate?
The sale price is a concrete historical fact from an arms-length transaction. The assessed value is the city's estimate for taxation purposes, which can lag behind the market. For understanding current market value, recent comparable sales and a professional appraisal are more relevant than either of these past figures.
