Property score
72.7
Good
Overall 72.7 · Older than most nearby homes
1,458 sqft (top 38%) · Built in 1961 (14 yrs older than avg)
Located in a above-average income area with median household income of ~82k
Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 1 school, 1 healthcare facility, 1 shop, and 2 parks nearby
Living Area
Near average
5% larger than neighborhood avg.
Year Built
Below average
14 yrs older than neighborhood avg.
Mother tongue
English · 88%French · 1%
Past 10 years Varsity View sales snapshot (~80% of all data)
281
492k
$398/sqft
1975
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72.7 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: #46111102
$82K
Median household income
$97K
Average household income
10%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.1
P90 / P10 ratio
45%
Single-person households
13%
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
261 Alcrest Drive — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 368 m), 1 healthcare (nearest 426 m), 1 shopping (nearest 476 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%
261 Alcrest 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.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This is a spacious, well-established single-family home in Winnipeg's Varsity View neighbourhood. Its primary appeal lies in its generous 12,038 sqft lot, which is significantly larger than most, placing it in the top 4% of all properties in Winnipeg for land size. The home itself is a one-storey bungalow with 1,458 sqft of living space and a finished basement, built in 1961. It features a split garage and no pool.
The property suits buyers looking for land potential and space in a mature, central community. It’s ideal for someone who values a large, private yard over a newer home, or for a buyer with future plans to expand or redevelop the existing structure. The rankings suggest it competes very well within its immediate area for lot size and living space, though it is an older build. This would appeal to a practical buyer who sees the inherent value in the land and the solid foundation of a maintained, older character home, rather than someone seeking modern finishes and open-concept layouts.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
The ranking indicates that this property's lot is larger than 96% of all residential properties in Winnipeg, making it a truly standout feature for its space and potential.
2. The house was built in 1961. What should I consider?
While the structure is solid and well-ranked for its living area, a home of this age will likely have original or older major systems (like plumbing, electrical, and the roof). A thorough inspection is essential to understand the condition and any upcoming maintenance.
3. How does the finished basement add value?
It provides additional flexible living space, which is a significant asset. However, the quality and legality of the finish should be verified, as standards and permits have evolved since the home was built.
4. The assessment value is $438,000. Is that the sale price?
No. The municipal assessment is for taxation purposes and often differs from market value. The sale price will be determined by current market conditions, buyer demand, and the property's specific appeal.
5. Who would this property not suit?
It may not be the best fit for buyers wanting a move-in-ready, modern home without any renovation projects, or for those who prefer low-maintenance, newer properties. The appeal here is grounded in space, location, and long-term potential rather than immediate contemporary luxury.
