Property score
48.2
Below average
Overall 48.2 · Smaller and older than most nearby homes
615 sqft (bottom 1%) · Built in 1943 (32 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 healthcare facility, 1 shop, and 2 parks nearby
Living Area
Below average
56% smaller than neighborhood avg.
Year Built
Below average
32 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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48.2 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
254 Elmhurst Road — 4 amenities found within 500 m, across 3 categories, including 1 healthcare (nearest 342 m), 1 shopping (nearest 312 m), 2 parks (nearest 246 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%
254 Elmhurst Road: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 254 Elmhurst Road
Section 1: Key Characteristics & Appeal
This is a classic, one-storey home in the established Varsity View neighbourhood, built in 1943. Its primary appeal lies in its generous 5,383 sqft lot—a significant size that offers ample outdoor space and potential in a mature, central area. The home itself is modest at 615 sqft of living space, presenting a clear opportunity for expansion or renovation to match the lot's potential. With a detached garage and no basement, it offers a simple, low-maintenance footprint.
This property is best suited for a specific type of buyer: those with a vision. It’s an ideal entry point into a desirable neighbourhood for a hands-on individual, a renovator, or an investor looking to add value. The appeal isn't in a move-in-ready condition, but in the underlying asset—the large, well-located lot. It represents a chance to shape a home to one's own tastes on a piece of land that is increasingly rare to find in core areas. A less obvious perspective is its potential for multi-generational living; the sizable lot could accommodate a future secondary suite or addition, providing flexibility that newer, denser subdivisions often cannot.
Section 2: Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg. For example, its land area ranks in the top 15% of the neighbourhood, highlighting the lot size as a key strength. Conversely, its living area is smaller than nearly all comparable homes, underscoring the renovation opportunity.
2. Is the house in livable condition, or a complete tear-down?
The listing does not specify. Given the age, assessed value, and square footage, prospective buyers should budget for significant updates or a full rebuild. An inspection is essential to determine the feasibility of renovation versus replacement.
3. What are the advantages of a home with no basement?
It can reduce risks associated with basement moisture, flooding, and foundational issues common in older Winnipeg homes. It also may simplify renovation plans and lower heating/cooling costs for the existing structure.
4. How does the 1943 build year affect things?
It indicates that the core systems (plumbing, electrical, structure) are very old and likely not to current standards. This will be a major factor in financing, insurance, and renovation planning. However, it also means the home was built under different bylaws, which may offer more flexibility for lot coverage or setbacks compared to newer properties.
5. Why is the assessed value relatively low compared to the lot size?
Municipal assessments primarily reflect the current value of the existing building and land. Here, the low living area and age of the dwelling keep the assessment down, as it does not account for the potential value a new or renovated home could bring to such a large lot. The market price will largely reflect that redevelopment potential.
