278 Laxdal Road

Varsity View, Winnipeg

Property score

72.7

Good

Overall 72.7 · Newer than most nearby homes

1,482 sqft (top 37%) · Built in 2014 (39 yrs newer than avg)

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

Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 healthcare facility, 1 shop, and 2 parks nearby

Living Area

Near average

7% larger than neighborhood avg.

Year Built

Above average

39 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

A Location Report is available — transit, safety, amenities & AI review.
View Report →

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

72.7 is composed by the two sections below.

Property Score

78.6Good
Living Area75
1,482 sqftGood
Year Built94
2014Excellent
Lot Size85
6,792 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

above average
1,482 sqft
0255075100
Same streetTop 16%Same areaTop 37%CitywideTop 32%
Same street · Laxdal Road
#30 / 183
Top 16% · Avg 1,206 sqft
Same area · Varsity View
#314 / 848
Top 37% · Avg 1,387 sqft
Citywide · Winnipeg
#61,458 / 194,458
Top 32% · Avg 1,342 sqft

Tax-Assessed Value

above average
513k
0255075100
Same streetTop 7%Same areaTop 29%CitywideTop 18%
Same street · Laxdal Road
#13 / 183
Top 7% · Avg 387.7k
Same area · Varsity View
#246 / 848
Top 29% · Avg 444.7k
Citywide · Winnipeg
#34,490 / 194,458
Top 18% · Avg 390.1k

Year Built

Elite
2014
0255075100
Same streetTop 1%Same areaTop 5%CitywideTop 8%

Lot Size

above average
6,792 sqft
0255075100
Same streetBottom 16%Same areaBottom 47%CitywideTop 19%

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

278 Laxdal Road — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 409 m), 1 healthcare (nearest 376 m), 1 shopping (nearest 403 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

278 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: 278 Laxdal Road, Winnipeg

Property Summary: 278 Laxdal Road, Varsity View, Winnipeg

Key Characteristics & Appeal

This 2014-built, one-storey home sits on a large, 6,792 sqft lot in the established Varsity View neighbourhood. Its key characteristics include 1,482 sqft of living space, an unfinished basement, and an attached garage. The home’s primary appeal lies in its modern build year and its strong relative standing in key metrics. It ranks exceptionally well for its newness (top 1% on its street, top 5% in the community) and assessed value (top 7% on its street), suggesting it is a contemporary and well-regarded property within its local market. The generous lot size offers ample outdoor space and future potential.

It would suit buyers looking for a modern, low-maintenance single-level layout in a central neighbourhood, who value a blank-canvas basement for future customization. A less obvious perspective is that its high rankings for newness and value, paired with an unfinished basement, make it a strategic choice for buyers who prioritize move-in readiness now but want to control the cost and design of additional living space later. It’s a balanced option for those seeking a home that is both above-average in its peer group and still offers a clear project to add value.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings show how this property compares to others in its immediate street, broader community, and all of Winnipeg. For example, being newer than 99% of homes on its street indicates it is one of the newest properties in that specific location.

2. Is the unfinished basement a drawback?
Not necessarily. While it requires additional investment to finish, it provides the next owner with the flexibility to create the space they need (e.g., a rec room, home gym, or suite) without paying a premium for a previous owner’s choices.

3. Who might find the large lot size particularly beneficial?
Beyond gardening or play space, a lot of this size in an established neighbourhood is a long-term asset. It could accommodate future additions like a large deck, shed, or even a garage expansion, subject to city bylaws.

4. The home ranks highly for newness and value, but lower for size within Winnipeg. What does this indicate?
This suggests you are paying a premium for a modern home on a great lot in a desirable location, rather than for maximum square footage. It’s positioned as a quality, contemporary property rather than the largest house on the market.

5. What is the neighbourhood character of Varsity View?
As a mature neighbourhood near the University of Manitoba, it typically offers a mix of older and newer homes, tree-lined streets, and convenient access to amenities and transit, appealing to academics, families, and professionals.