Property score
88.2
Excellent
Overall 88.2 · Larger and newer than most nearby homes
2,007 sqft (top 12%) · Built in 1998 (23 yrs newer than avg)
Located in a high-income area with median household income of ~105k
Transit 60.0 · 11-min walk to transit with 3 nearby routes · Within 500m: 2 dining spots, 1 school, 1 healthcare facility, and 2 parks nearby
Living Area
Above average
45% larger than neighborhood avg.
Year Built
Above average
23 yrs newer than neighborhood avg.
Mother tongue
English · 79%Tagalog · 3%
Past 10 years Varsity View sales snapshot (~80% of all data)
281
492k
$398/sqft
1975
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88.2 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: #46110350
$105K
Median household income
$129K
Average household income
6%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.1
P90 / P10 ratio
26%
Single-person households
34%
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
27 Collett Cove — 8 amenities found within 500 m, across 6 categories, including 2 dining (nearest 412 m), 1 education (nearest 319 m), 1 healthcare (nearest 467 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 40% | Top 10% | Top 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 27 Collett Cove, Varsity View, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated two-storey home in Varsity View offers a compelling blend of space, location, and established value. Built in 1998, the property sits on a generous 7,505 sqft lot and features over 2,000 sqft of living space, an unfinished basement for future customization, and an attached garage. Its appeal is rooted in strong community rankings: it outperforms 90% of Winnipeg homes in living area and sits in the top 13% for lot size city-wide, indicating a premium amount of private outdoor space for the area.
The home is particularly suited to buyers seeking a move-in ready family home in a mature, sought-after neighbourhood. Its recent sale in May 2024 at $595,000, slightly above the assessed value, suggests a market-validated price point. A thoughtful perspective for buyers is the home’s age—at 28 years, major components like the roof, windows, and HVAC may be approaching or have recently undergone significant updates, which is a key due diligence point. The unfinished basement, while requiring an investment, offers a clear opportunity to add significant value and tailor the home to a new owner’s specific needs without the constraints of an existing layout.
Section 2: Frequently Asked Questions
1. How does the lot size and home size compare to others in the area?
The property ranks very highly. Its lot size is larger than 87% of all homes in Winnipeg, and its living area is larger than 90% of city homes. Within the Varsity View community, it surpasses 89% of properties in interior space.
2. The home was built in 1998. What should I consider regarding its age?
As a home approaching 30 years, prospective buyers should prioritize inspections of major systems and components. The roof, exterior finishes, plumbing, electrical, and the furnace/air conditioning units are all at an age where maintenance, updates, or replacement should be evaluated. This isn't uncommon, but it's a crucial factor for budgeting.
3. What does the "unfinished basement" entail?
It means the basement space is a blank canvas with bare walls, floors, and ceilings. It is equipped with the essential structural and utility elements (like the furnace, water heater, and electrical panel) but requires a full build-out—including framing, insulation, drywall, flooring, and lighting—to become livable space. This allows for complete customization.
4. The home just sold in May 2024. Why is it back on the market?
This information is not provided in the available details. The property data shows the transaction history and current listing status, but the specific reason for the re-list would need to be confirmed directly with the selling agent or through further disclosure.
5. How does the recent sale price compare to the city's assessment?
The home sold for $595,000 in May 2024, which is approximately $23,000 above its most recent assessed value of $572,000. This indicates that the market value was determined by buyer competition to be higher than the municipal assessment at that time.
