281 Elmhurst Road

Varsity View, Winnipeg

Property score

44.2

Below average

Overall 44.2 · Smaller and older than most nearby homes

663 sqft (bottom 1%) · Built in 1947 (28 yrs older than avg)

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

Transit 70.0 · 6-min walk to transit with 3 nearby routes · Within 500m: 1 healthcare facility, 1 shop, and 2 parks nearby

Living Area

Below average

52% smaller than neighborhood avg.

Year Built

Below average

28 yrs older 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

44.2 is composed by the two sections below.

Property Score

31.0Low
Living Area15
663 sqftLow
Year Built30
1947Low
Lot Size93
8,071 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

below average
663 sqft
0255075100
Same streetBottom 2%Same areaBottom 1%CitywideBottom 2%
Same street · Elmhurst Road
#238 / 242
Bottom 2% · Avg 1,247 sqft
Same area · Varsity View
#836 / 848
Bottom 1% · Avg 1,387 sqft
Citywide · Winnipeg
#190,367 / 194,458
Bottom 2% · Avg 1,342 sqft

Tax-Assessed Value

around average
334k
0255075100
Same streetBottom 24%Same areaBottom 21%CitywideBottom 40%
Same street · Elmhurst Road
#184 / 242
Bottom 24% · Avg 393.7k
Same area · Varsity View
#669 / 848
Bottom 21% · Avg 444.7k
Citywide · Winnipeg
#115,799 / 194,458
Bottom 40% · Avg 390.1k

Year Built

below average
1947
0255075100
Same streetBottom 17%Same areaBottom 10%CitywideBottom 24%

Lot Size

above average
8,071 sqft
0255075100
Same streetTop 42%Same areaTop 34%CitywideTop 11%

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

281 Elmhurst Road — 4 amenities found within 500 m, across 3 categories, including 1 healthcare (nearest 466 m), 1 shopping (nearest 439 m), 2 parks (nearest 238 m).

Search radius
🏥Healthcare1
🛒Shopping1
🌳Parks2

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

281 Elmhurst 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: 281 Elmhurst Road, Winnipeg

Property Overview

This 1947-built bungalow in Varsity View offers a classic, low-maintenance lifestyle on a generously sized lot. Its primary appeal lies in the combination of a large, 8,071 sqft property—a rarity in the area—with a modest, 663 sqft single-level layout. The home features a finished basement and a detached garage. While the living space is compact, the property ranks highly for its lot size, placing it in the top 11% of all Winnipeg homes by that metric. This creates a unique value proposition: the land itself offers significant potential, while the existing house provides a functional, no-frills foundation.

It would suit a practical buyer looking for an entry point into a desirable neighbourhood, or an investor/developer attracted by the subdividable lot potential. It’s also a match for those seeking minimal indoor upkeep and who prioritize outdoor space for gardens or expansion over expansive interior square footage. The very low rankings for living area size confirm this is not a home for those needing ample room, but rather for those who see value in the land and location.

Key Questions for Consideration

  1. What does the "finished basement" entail? Given the era of construction, it's important to clarify the finish quality, ceiling height, and whether it includes a proper secondary living space or additional bedroom.

  2. Is the large lot subdividable? This is a central question for many buyers. The lot size suggests potential, but local zoning bylaws and setback requirements would need to be verified with the city to confirm if a subdivision or significant addition is feasible.

  3. How has the 79-year-old structure been maintained? While systems may have been updated, the age of the home warrants a close look at the foundation, roof, plumbing, and electrical to understand upcoming maintenance or capital needs.

  4. What is the true value proposition here? The assessed value ranks higher for the lot than the building. Buyers should consider if they are paying primarily for the land with a liveable structure, and if that aligns with their long-term plans—be it renovation, rebuilding, or simply enjoying the large yard.

  5. How does the compact living space function day-to-day? With 663 sqft above grade, the layout efficiency is critical. Prospective buyers should thoughtfully assess if the flow and room sizes meet their practical needs for living, storage, and workspaces.