Property score
66.3
Good
Overall 66.3 · Compared with neighbourhood average
1,097 sqft (bottom 33%) · Built in 1972 (3 yrs older than avg)
Located in a high-income area with median household income of ~91k
Transit 62.0 · 4-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
21% smaller than neighborhood avg.
Year Built
Near average
3 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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66.3 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 Varsity View Drive — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 427 m), 1 healthcare (nearest 315 m), 1 shopping (nearest 315 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 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.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1972-built, one-storey home in Varsity View offers a practical and established living environment. Its key appeal lies in its generous, near 6,000 sqft lot—a significant size that provides ample outdoor space and ranks in the top third of properties on its street. The home itself features a functional 1,097 sqft layout with a finished basement and a split garage. Its overall assessed value positions it as a more accessible option within the broader Winnipeg market.
The property would suit first-time buyers or downsizers looking for a manageable single-level home with room to garden or enjoy a private yard. It also appeals to value-conscious buyers who prioritize land size over a newer build or top-tier finishes, seeing potential in the solid foundation and space the property provides. A thoughtful perspective is that while its interior size and assessed value rank in the middle to lower ranges within its immediate community, the above-average lot size offers a balance of affordability and long-term utility that is becoming rarer in mature neighbourhoods.
Frequently Asked Questions
1. What is the neighbourhood like?
Varsity View is a well-established, mature neighbourhood near the University of Manitoba. It offers a quiet, residential feel with the convenience of nearby academic institutions, retail plazas, and quick access to major routes.
2. Is the basement a legal suite?
The listing notes the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its current configuration and compliance with local regulations if considering rental income potential.
3. How does the "ranking" system work?
The rankings compare this property against others on the same street, in the same community, and across all of Winnipeg for metrics like lot size, age, and assessed value. For example, ranking in the "top 35%" city-wide for lot size means 65% of Winnipeg properties have a smaller lot.
4. What are the implications of a 1972 build date?
Homes from this era may have original components, like windows, roofing, or mechanical systems, that are nearing or past their typical lifespan. A thorough inspection is recommended to budget for potential updates, balanced against the character and established landscaping of an older home.
5. Why is the assessed value relatively low compared to the lot size?
The assessed value reflects the municipal valuation for tax purposes, which considers the home's age, interior size, and condition. The disconnect between the lot ranking (high) and value ranking (lower) highlights that the land itself is a major asset here, possibly offering more value than the current structure.
