255 Mclean Street

Varsity View, Winnipeg

Property score

59.3

Fair

Overall 59.3 · Smaller than most nearby homes

873 sqft (bottom 11%) · Built in 1970 (5 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

Below average

37% smaller than neighborhood avg.

Year Built

Below average

5 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

59.3 is composed by the two sections below.

Property Score

44.4Low
Living Area32
873 sqftLow
Year Built52
1970Fair
Lot Size85
6,997 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
873 sqft
0255075100
Same streetBottom 31%Same areaBottom 11%CitywideBottom 14%
Same street · Mclean Street
#34 / 49
Bottom 31% · Avg 1,128 sqft
Same area · Varsity View
#758 / 848
Bottom 11% · Avg 1,387 sqft
Citywide · Winnipeg
#166,947 / 194,458
Bottom 14% · Avg 1,342 sqft

Tax-Assessed Value

around average
376k
0255075100
Same streetTop 31%Same areaBottom 38%CitywideTop 45%
Same street · Mclean Street
#15 / 49
Top 31% · Avg 367.7k
Same area · Varsity View
#527 / 848
Bottom 38% · Avg 444.7k
Citywide · Winnipeg
#87,643 / 194,458
Top 45% · Avg 390.1k

Year Built

around average
1970
0255075100
Same streetTop 47%Same areaBottom 37%CitywideTop 48%

Lot Size

above average
6,997 sqft
0255075100
Same streetTop 31%Same areaBottom 49%CitywideTop 17%

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

255 Mclean Street — 5 amenities found within 500 m, across 4 categories, including 1 education (nearest 482 m), 1 healthcare (nearest 331 m), 1 shopping (nearest 309 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 8/2016CA$200k–250k
Sold price

Same street

Bottom 8%

Same area

Bottom 7%

City-wide

Bottom 22%

Related homes

Highlights & common questions: 255 Mclean Street, Winnipeg

Property Overview

This 1970-built, one-storey home in Varsity View offers a practical and well-located living option. Its primary appeal lies in its substantial, nearly 7,000 sqft lot—a rare find in the area that provides ample outdoor space and potential. The home features a finished basement and a split garage. While the 873 sqft living area is modest, the property's value is bolstered by its larger-than-average lot size and a current assessed value that ranks favorably within Winnipeg. It's a property that prioritizes land over square footage, suiting buyers looking for a manageable single-level home with room to garden, expand, or simply enjoy a generous yard in a central, established neighborhood. It would particularly appeal to downsizers, first-time buyers comfortable with a cozy footprint, or investors interested in the long-term value of the land.

Key Details & FAQs

Key Characteristics & Appeal:

  • Spacious Lot in Central Location: The nearly 7,000 sqft lot is the standout feature, offering significant outdoor space in the sought-after Varsity View area.
  • Practical & Manageable: The single-storey layout with a finished basement provides a low-maintenance living structure, ideal for those looking to avoid stairs.
  • Strong Value Positioning: The property's assessed value ranks in the top 41% city-wide, suggesting it is viewed as a solid asset relative to the broader market.
  • Ideal For: Buyers who value land size and location over a large interior. This includes downsizers, pragmatic first-time homebuyers, and those with a vision for future outdoor use or expansion.

Frequently Asked Questions:

1. Is the house too small at 873 sqft?
The living space is compact, ranking in the bottom 20% city-wide. However, the finished basement adds functional area. This layout suits those seeking efficiency and minimal upkeep.

2. How does the 1970 build year affect the home?
While not new, a home from this era often has simpler, robust construction. Buyers should budget for updates to major aging components like the roof, windows, or mechanical systems.

3. What does the strong lot size ranking actually mean?
Ranking in the top 17% in Winnipeg for lot size is significant. It means you're getting a key attribute—land—that is increasingly scarce, which typically supports long-term value.

4. The last sale was in 2016 for $248,000. Is the current assessment realistic?
The assessed value of $376,000 reflects market growth over eight years. Its ranking (top 41% in Winnipeg) indicates assessors see it as aligned with current values, though the final market price is determined by buyers.

5. Who would this property NOT suit?
It may not fit families needing multiple large bedrooms or those desiring a modern, open-concept layout without undertaking significant renovations. The appeal is grounded in the lot and location rather than a move-in-ready, spacious interior.