Property score
64.2
Fair
Overall 64.2 · Compared with neighbourhood average
1,092 sqft (bottom 32%) · Built in 1965 (10 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
Below average
21% smaller than neighborhood avg.
Year Built
Below average
10 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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64.2 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
261 Elmhurst Road — 4 amenities found within 500 m, across 3 categories, including 1 healthcare (nearest 394 m), 1 shopping (nearest 358 m), 2 parks (nearest 258 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 | Bottom 44% | Bottom 39% | Top 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This 1965-built, single-story home in Varsity View offers a practical and grounded living proposition. Its primary appeal lies in a combination of established neighborhood character and a very generous, mature lot of over 5,300 square feet—a rarity that provides significant outdoor space and potential. The home itself features a functional, fully-finished basement and a modest living area of just over 1,000 sqft, presenting a manageable footprint.
Its value is best suited to specific buyers: first-time homeowners seeking an entry into a desirable area without a massive initial footprint, downsizers looking for single-level living and a low-maintenance yard to enjoy, or value-oriented investors attracted by the lot size and location. A less obvious perspective is its appeal to those who see potential in the land itself; the large lot in a central neighborhood offers long-term flexibility, whether for gardening, expansion, or future redevelopment. The home’s rankings suggest it is a solid, middle-of-the-road property in its immediate area, not a standout in size or newness, but offering stability and space in a competitive market.
Frequently Asked Questions
1. What is the true value of the large lot?
Beyond extra yard space, a lot of this size in a central neighborhood like Varsity View is a strategic asset. It provides privacy, room for additions like a garage or deck, and is a key factor in the property's long-term valuation, often appreciating independently of the home itself.
2. How does the 1965 build year affect the home?
Homes from this era typically have straightforward layouts and solid construction. Buyers should budget for updates to major aging components like the roof, windows, or HVAC system, and consider an inspection to assess the electrical and plumbing.
3. Who is the ideal buyer for this property?
It’s an excellent fit for practical buyers: first-timers entering the market, downsizers wanting single-level living without a condo fee, or those who prioritize land size over a large or modern house. It’s less suited for those seeking a turn-key, recently renovated home.
4. What does the "finished basement" entail?
The listing confirms it is finished, but the quality, layout, and ceiling height are not specified. It’s important to view this space in person to determine if it suits your needs for living, recreational, or rental space, and to check for any moisture issues common in basements of this age.
5. Why is there a difference between the 2021 sale price and the current assessed value?
The 2021 sale price of $345,000 reflects the market conditions at that time. The current assessed value of $324,000 is for municipal tax purposes and can lag behind real-time market value. A current market evaluation is needed to determine an accurate listing or offer price.
