Property score
69.8
Good
Overall 69.8 · Older than most nearby homes
1,200 sqft (bottom 45%) · Built in 1949 (26 yrs older than avg)
Located in a high-income area with median household income of ~91k
Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 1 healthcare facility, 1 shop, and 2 parks nearby
Living Area
Near average
13% smaller than neighborhood avg.
Year Built
Below average
26 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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69.8 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
258 Lynbrook Drive — 4 amenities found within 500 m, across 3 categories, including 1 healthcare (nearest 416 m), 1 shopping (nearest 375 m), 2 parks (nearest 226 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 | Top 23% | Top 41% | Top 33% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 3-level split home in Varsity View offers a classic, well-established character on a large, private lot. Its key appeal lies in the combination of a generous 9,417 sqft property—which ranks in the top 7% for size across Winnipeg—and a quiet, mature neighbourhood close to the University of Manitoba. The home itself, built in 1949, has 1,200 sqft of living space with a finished basement, presenting a solid foundation. A recent sale in June 2024 at $400,000, notably above its assessed value, suggests strong market interest and potential for value growth.
This property would suit a buyer looking for a long-term family home with ample outdoor space for gardening or play, or an investor/renovator who sees value in the lot size and location. It’s ideal for those who prioritize land over a modern build and are comfortable with a home that has history and may require personalization. The lack of a garage and the home’s age mean it appeals to practical buyers who value potential and location over turn-key perfection.
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 size is in the top 7% city-wide, meaning the lot is exceptionally large. Conversely, its 1949 build year ranks in the bottom quarter for age, indicating it's an older home in the context of the city.
2. The house recently sold for $400,000, which is above the assessed value. Why is that?
Assessed value is for municipal tax purposes and can lag behind the current market. The sale price reflects what a buyer was recently willing to pay, likely driven by the highly desirable lot size, location in Varsity View, and the competitive market conditions at the time.
3. Is the large lot a good opportunity for expansion or redevelopment?
The nearly 9,500 sqft lot is a significant asset and offers flexibility. While specific zoning bylaws must be checked, a lot of this size in a central neighbourhood provides long-term options, whether for a future addition, a garden suite, or simply enjoying substantial private outdoor space.
4. As a 3-level split, what should I consider about the layout?
Three-level splits often feature short flights of stairs separating living zones, which can create defined, cozy spaces. It’s efficient but means more stairs than a bungalow. Consider if this flowing, multi-level layout suits your lifestyle, especially for young children or mobility concerns.
5. There's no garage. How big of a drawback is this?
For some buyers, it's a major consideration, especially in Winnipeg winters. However, the large lot may allow for the future construction of a garage or shed, subject to permits. The trade-off is gaining more yard space, which may be a worthy compromise for those who value landscaping, recreation, or privacy.
