257 Varsity View Drive

Varsity View, Winnipeg

Property score

75.2

Good

Overall 75.2 · Compared with neighbourhood average

1,440 sqft (top 39%) · Built in 1971 (4 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

4% larger than neighborhood avg.

Year Built

Below average

4 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

75.2 is composed by the two sections below.

Property Score

70.8Good
Living Area75
1,440 sqftGood
Year Built58
1971Fair
Lot Size81
6,459 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

above average
1,440 sqft
0255075100
Same streetTop 15%Same areaTop 39%CitywideTop 34%
Same street · Varsity View Drive
#2 / 13
Top 15% · Avg 1,149 sqft
Same area · Varsity View
#329 / 848
Top 39% · Avg 1,387 sqft
Citywide · Winnipeg
#65,497 / 194,458
Top 34% · Avg 1,342 sqft

Tax-Assessed Value

above average
441k
0255075100
Same streetTop 15%Same areaTop 40%CitywideTop 30%
Same street · Varsity View Drive
#2 / 13
Top 15% · Avg 350.1k
Same area · Varsity View
#337 / 848
Top 40% · Avg 444.7k
Citywide · Winnipeg
#58,191 / 194,458
Top 30% · Avg 390.1k

Year Built

around average
1971
0255075100
Same streetBottom 38%Same areaBottom 39%CitywideTop 47%

Lot Size

above average
6,459 sqft
0255075100
Same streetTop 31%Same areaBottom 40%CitywideTop 23%

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

257 Varsity View Drive — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 415 m), 1 healthcare (nearest 298 m), 1 shopping (nearest 298 m).

Search radius
🏫Education1
🏥Healthcare1
🛒Shopping1
🌳Parks2
Worship1

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

257 Varsity View Drive: 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.

Related homes

Highlights & common questions: 257 Varsity View Drive, Winnipeg

Property Summary: 257 Varsity View Drive

Key Characteristics & Appeal

This is a well-established, single-storey home in the Varsity View neighbourhood, built in 1971. Its primary appeal lies in its generous proportions and mature setting. The 1,440 sqft living area is notably spacious for its style, ranking in the top 15% of homes on its street. It sits on a large, 6,459 sqft lot, offering ample outdoor space—a relative rarity in many urban areas. The home includes a finished basement and an attached garage.

Its value proposition is clear: it’s a move-in ready property with room to grow, positioned in a stable community. The appeal is for practical buyers seeking space and solidity over modern flash. It would particularly suit first-time buyers or downsizers looking for a manageable single-level layout without sacrificing square footage, or investors attracted by its above-average assessed value ranking within Winnipeg. A thoughtful perspective is that while the home is 55 years old, this often translates to mature landscaping, established community character, and a known quantity in terms of neighbourhood evolution, which can be preferable to the uncertainties of newer developments.

Potential Buyer FAQs

  1. What does the "finished basement" entail?
    The listing confirms the basement is finished, adding valuable living space. Prospective buyers should inquire about the finish quality, ceiling height, and whether it includes a separate entrance or bathroom to fully understand its utility and value.

  2. How does the age of the home affect maintenance?
    Built in 1971, major systems like the roof, windows, plumbing, and electrical may be at or beyond their typical lifespan. A thorough inspection is crucial to budget for potential updates, though the structure itself has proven durable.

  3. What are the advantages of a larger lot in this neighbourhood?
    The lot size is a significant asset. It provides more privacy, space for gardening, play, or entertaining, and future potential for additions like a deck or shed. It also typically contributes to the property's long-term value.

  4. The home ranks highly for size but lower for age on its street. What does this mean?
    This suggests the home is one of the larger models on the block, which is a positive. The lower "newness" ranking indicates there are newer homes nearby, which can be a mixed blessing: it may signal an evolving street, but your property likely offers more interior space compared to those newer builds.

  5. Is the assessed value a reliable indicator of the selling price?
    The assessed value of $441,000 is for municipal tax purposes and provides a benchmark. The final sale price is determined by the current market, condition of the home, and buyer demand. However, its ranking in the top 27% of Winnipeg assessments indicates the city views it as a well-above-average property.