Property score
52.2
Fair
Overall 52.2 · Smaller and older than most nearby homes
726 sqft (bottom 3%) · Built in 1955 (20 yrs older than avg)
Located in a high-income area with median household income of ~91k
Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 1 healthcare facility, 1 shop, and 2 parks nearby
Living Area
Below average
48% smaller than neighborhood avg.
Year Built
Below average
20 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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52.2 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
271 Elmhurst Road — 4 amenities found within 500 m, across 3 categories, including 1 healthcare (nearest 417 m), 1 shopping (nearest 384 m), 2 parks (nearest 248 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 36% | Bottom 36% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 271 Elmhurst Road
Section 1: Key Characteristics & Appeal
This is a classic, single-story home in the established Varsity View neighbourhood. Built in 1955, its key features include a fully finished basement and a generous 5,381 sqft lot, which is notably larger than many in the area. The home itself is modest in size at 726 sqft of living space, presenting a straightforward layout.
Its primary appeal lies in its location and land value. Situated on a large lot in a mature, central community, it offers a rare opportunity for infill development or significant expansion, subject to city bylaws. For a buyer not needing a large existing footprint, the property represents a chance to secure a prime location with future potential. It would suit a practical first-time buyer comfortable with a smaller home, an investor eyeing the redevelopment potential of the lot, or someone looking to enter a desirable neighbourhood with the intention of a future major renovation or rebuild. The recent sale in late 2023 suggests a market-tested value, and the home’s condition likely reflects its age, appealing to those with a vision rather than a move-in-ready expectation.
Section 2: Frequently Asked Questions
1. What does the "fully finished basement" entail?
Given the home's age and size, the basement finish is likely functional, adding valuable living or utility space. A viewing is essential to assess the ceiling height, layout, and finish quality, as standards have changed significantly since 1955.
2. Is there potential to add a garage?
The large lot size certainly allows for the possibility of adding a detached garage or carport, subject to Winnipeg zoning regulations and setback requirements. The lack of an existing structure provides a blank slate for planning.
3. How does the recent sale price compare to the city assessment?
The home sold for $332,000 in November 2023, which is approximately $41,000 above its current assessed value of $291,000. This indicates the market price for the property's specific combination of lot and location exceeded the city's valuation at that time.
4. What are the immediate neighbourhood advantages?
Varsity View is prized for its proximity to the University of Manitoba, major transportation routes, and mature tree-lined streets. The property's rankings show it outperforms most of Winnipeg overall but is more average within its own sought-after community, highlighting the area's consistent desirability.
5. What should I consider regarding the home's age and size?
The 726 sqft main floor living area is compact. Buyers should thoughtfully consider if the layout and room sizes work for their needs or if they are planning for an addition. Systems like plumbing, electrical, and the roof will be at or beyond their typical lifespans, so budgeting for updates is a prudent consideration.
