Property score
69.6
Good
Overall 69.6 · Older than most nearby homes
1,262 sqft (top 49%) · Built in 1947 (28 yrs older than avg)
Located in a high-income area with median household income of ~91k
Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 1 healthcare facility, 1 shop, and 2 parks nearby
Living Area
Near average
9% smaller than neighborhood avg.
Year Built
Below average
28 yrs older than neighborhood avg.
Mother tongue
English · 80%French · 3%
Past 10 years Varsity View sales snapshot (~80% of all data)
281
492k
$398/sqft
1975
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69.6 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: #46110348
$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
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 Lynbrook Drive — 4 amenities found within 500 m, across 3 categories, including 1 healthcare (nearest 439 m), 1 shopping (nearest 389 m), 2 parks (nearest 199 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 23% | Bottom 17% | Bottom 33% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This 1947-built, one-storey home in Varsity View sits on a large, 8,072 sqft lot, offering a rare amount of outdoor space for the neighbourhood. Its key appeal lies in this generous land size, which ranks within the top 11% of all properties in Winnipeg, presenting a significant opportunity for expansion, gardening, or simply enjoying a spacious yard. With 1,262 sqft of living space and an unfinished basement, the home is a straightforward canvas. Its value is grounded more in its land and location than in modern finishes, as the home retains its original character. It would suit a practical buyer looking for a prime location with land potential—perhaps a young family planning a future renovation, an investor eyeing the lot's value, or someone content with a classic home who prioritizes outdoor space over a turn-key interior. A thoughtful perspective is that while the house itself is older and ranks lower for age, this can represent a chance to customize without the premium of a recent, but possibly generic, renovation.
Frequently Asked Questions
1. What is the true standout feature of this property?
The exceptionally large lot is the defining asset. At over 8,000 sqft, it far exceeds typical city lots and offers long-term potential that is difficult to find in established neighbourhoods.
2. Is the unfinished basement a drawback or an opportunity?
It's primarily an opportunity. It provides ample storage and flexible space for future development, such as a recreation room, home office, or additional bedroom, allowing a new owner to finish it to their own needs and taste.
3. The home was built in 1947. Should I be concerned about major repairs?
A home of this age will likely require thoughtful evaluation of core systems like plumbing, electrical, and the roof. A thorough inspection is essential, but the solid construction of the era is also a noted benefit.
4. Who would this property not be suitable for?
It may not suit buyers seeking a modern, move-in-ready home without any projects. Those unwilling to consider eventual updates or who prefer a low-maintenance property with a smaller yard might find it less ideal.
5. How does the 2019 sale price compare to the current assessment?
The home sold for $282,000 in 2019 and now has a municipal assessment of $342,000. This increase reflects broader market trends and the inherent value of the land, but the final sale price is always determined by the current market.
