Property score
74.4
Good
Overall 74.4 · Larger but older than most nearby homes
2,229 sqft (top 6%) · Built in 1954 (21 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 shop, and 2 parks nearby
Living Area
Above average
61% larger than neighborhood avg.
Year Built
Below average
21 yrs older than neighborhood avg.
Mother tongue
English · 78%Tagalog · 4%
Past 10 years Varsity View sales snapshot (~80% of all data)
281
492k
$398/sqft
1975
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74.4 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: #46110349
$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
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
298 Lynbrook Drive — 3 amenities found within 500 m, across 2 categories, including 1 shopping (nearest 500 m), 2 parks (nearest 205 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 | Top 3% | Top 1% | Top 2% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 7% | Top 2% | Top 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 298 Lynbrook Drive
This classic two-storey home in Varsity View stands out for its generous proportions and established setting. Its primary appeal lies in the rare combination of a large, 10,759 sqft lot with a substantial 2,229 sqft of living space, including a finished basement. Built in 1954, the home is a well-maintained example of its era, offering space and maturity that newer subdivisions often lack. The recent sale history shows strong and consistent appreciation.
The property would particularly suit buyers looking for a long-term family home with ample room for gardens, play, or expansion. It's ideal for those who value space over a brand-new build and are comfortable with the character and potential upkeep of an older, solidly built house. The top-tier rankings for lot size, living area, and value within Winnipeg suggest this is a property for those seeking a premium, established location rather than a starter home.
Frequently Asked Questions
1. How does the age of the home (1954) impact its value?
While the build year places it in the older third of homes locally, the excellent condition, recent updates, and superior square footage have clearly driven its market value. Buyers should budget for era-appropriate maintenance but can be confident in the home's proven, solid construction and spacious layout.
2. The lot is very large. What are the possibilities?
Beyond a spacious backyard, a lot of this size (over 1/4 acre) offers significant future potential. Subject to local bylaws, it could allow for additions, a large detached workshop or studio, or simply provide unparalleled private green space in the city.
3. The home recently sold for significantly above its assessed value. Why?
The assessed value is for taxation purposes and often lags behind a hot market. The sale price reflects what competitive buyers were willing to pay for the highly desirable combination of lot size, living space, and location—attributes this home ranks in the top 5% for city-wide.
4. What does the "finished basement" entail?
The listing confirms a finished basement, which adds to the total usable living area. Prospective buyers should verify the finish quality, ceiling height, and whether it includes a separate entrance or legal suite potential, which would add further value.
5. Is the lack of a garage a major drawback?
The property has a split-style garage, which is common for its era. While not the oversized double garage of newer homes, it provides covered parking. The massive lot does offer potential to build a larger garage if desired, which is a key advantage over homes on smaller lots.
