265 Laxdal Road

Varsity View, Winnipeg

Property score

60.8

Fair

Overall 60.8 · Smaller than most nearby homes

1,075 sqft (bottom 29%) · Built in 1978 (3 yrs newer than avg)

Located in a above-average income area with median household income of ~77k

Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 school, 1 healthcare facility, 1 shop, and 2 parks nearby

Living Area

Below average

22% smaller than neighborhood avg.

Year Built

Near average

3 yrs newer than neighborhood avg.

Mother tongue

English · 78%Tagalog · 4%

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

60.8 is composed by the two sections below.

Property Score

58.8Fair
Living Area52
1,075 sqftFair
Year Built67
1978Good
Lot Size81
6,001 sqftExcellent
Neighbourhood Sales Activity42
Low

Community Score

63.9Fair
Household Income75
Good
Education Level34
Low
Housing Stress52
Fair
Core Housing Need76
Good
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: #46110349

Community deep dive

$77K

Median household income

$79K

Average household income

6%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.4

P90 / P10 ratio

41%

Single-person households

19%

Families with children

Population, labour & age

Population (2021)426
Labour force participation rate69%
Median age38.8
Avg household size2.0
Unemployment rate9%
Population density2662 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households41%
Couple families with children19%
Median household income (2020)$77K

Housing

Renter households35%
Condominium dwellings17%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)17%
Visible minority14%
Bachelor's or higher (25–64)17%
Mother tongue (1st)English · 77%
Mother tongue (2nd)Tagalog · 3%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,075 sqft
0255075100
Same streetBottom 34%Same areaBottom 29%CitywideBottom 36%
Same street · Laxdal Road
#121 / 183
Bottom 34% · Avg 1,206 sqft
Same area · Varsity View
#598 / 848
Bottom 29% · Avg 1,387 sqft
Citywide · Winnipeg
#124,160 / 194,458
Bottom 36% · Avg 1,342 sqft

Tax-Assessed Value

around average
365k
0255075100
Same streetBottom 38%Same areaBottom 33%CitywideTop 49%
Same street · Laxdal Road
#113 / 183
Bottom 38% · Avg 387.7k
Same area · Varsity View
#569 / 848
Bottom 33% · Avg 444.7k
Citywide · Winnipeg
#94,553 / 194,458
Top 49% · Avg 390.1k

Year Built

above average
1978
0255075100
Same streetTop 9%Same areaTop 38%CitywideTop 35%

Lot Size

around average
6,001 sqft
0255075100
Same streetBottom 7%Same areaBottom 28%CitywideTop 31%

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

265 Laxdal Road — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 388 m), 1 healthcare (nearest 313 m), 1 shopping (nearest 330 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

265 Laxdal Road: 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: 265 Laxdal Road, Winnipeg

Property Overview: 265 Laxdal Road, Varsity View, Winnipeg

Key Characteristics & Appeal

This is a well-maintained, single-storey home built in 1978 on a spacious 6,001 sqft lot in the established Varsity View neighborhood. Its key features include 1,075 sqft of living space, a finished basement, and an attached garage. The appeal lies in its solid foundation and generous lot size, which is larger than most in the immediate area, offering valuable outdoor space and potential. The home’s age places it in a sweet spot: it’s newer than the majority of houses on its street, suggesting it may have had thoughtful updates over time, yet it retains the character and mature landscaping of an established community.

It would particularly suit first-time buyers or downsizers seeking a manageable, single-level layout without sacrificing yard space. The strong city-wide rankings for lot size and age indicate a property that holds competitive, long-term value for a practical buyer who sees the potential in both the home and the land it sits on. It’s a home for someone who values a quiet, mature neighborhood over brand-new finishes, and who understands the equity in a larger-than-average lot.

Frequently Asked Questions

1. What does the "finished basement" entail?
The listing confirms a finished basement, but specifics on layout, ceiling height, and permits should be verified by a buyer's inspection to understand its full utility and compliance.

2. How does the 1978 build year affect the home?
While newer than many on the street, a home of this age will have original components nearing the end of their lifespan. A thorough inspection of the roof, windows, and major systems (heating, electrical, plumbing) is essential to budget for any necessary updates.

3. What are the advantages of the lot size and ranking?
At over 6,000 sqft, the lot is a standout feature, offering more privacy, recreation space, and gardening potential than typical newer lots. Its high ranking suggests it's a scarce commodity on the street, which is a positive factor for future resale value.

4. Who is the typical buyer in Varsity View?
The neighborhood, close to the University of Manitoba, attracts a mix of academics, long-term residents, and families. It offers a quiet, community-focused atmosphere with convenient access to amenities and transit.

5. How should I interpret the price relative to the assessment?
The assessed value of $365,000 is a municipal benchmark for taxation. The final sale price is determined by the current market. The assessment indicates the home is valued above the Winnipeg median, which is consistent with a desirable lot in a stable neighborhood.