Property score
49.6
Below average
Overall 49.6 · Smaller and older than most nearby homes
848 sqft (bottom 8%) · Built in 1948 (27 yrs older than avg)
Located in a above-average income area with median household income of ~77k
Transit 74.0 · 5-min walk to transit with 2 nearby routes · Within 500m: 1 healthcare facility, 1 shop, and 2 parks nearby
Living Area
Below average
39% smaller than neighborhood avg.
Year Built
Below average
27 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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49.6 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 Mclean Street — 4 amenities found within 500 m, across 3 categories, including 1 healthcare (nearest 448 m), 1 shopping (nearest 445 m), 2 parks (nearest 92 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%
298 Mclean Street: 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.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 298 McLean Street, Varsity View, Winnipeg
This 1948-built, one-storey home on a large 6,726 sqft lot offers a classic and practical living proposition in the established Varsity View neighbourhood. Its key appeal lies in the combination of a generous, mature lot and a fully finished basement, which expands the usable living space beyond the main floor's 848 sqft. The home presents a solid, no-frills foundation with rankings indicating its lot size is a standout feature, placing it in the top 19% city-wide. It suits first-time buyers, downsizers, or investors looking for a manageable single-level layout with significant outdoor space and renovation potential. The property is ideal for those who value location and lot size over modern finishes, seeing the home itself as a canvas for gradual improvement or a comfortable, low-maintenance base.
Frequently Asked Questions
1. What is the true value of the large lot?
Beyond the obvious space for gardening or play, a lot of this size in an inner-city neighbourhood is a long-term asset. It offers rare potential for future expansion, like an addition, or could even be subdivided if local zoning ever allowed, which is a significant value consideration not reflected in the current assessment.
2. How does the "fully finished basement" impact livability and value?
It effectively doubles the functional living area, which is crucial in a smaller main-floor footprint. This is ideal for creating a separate family room, home office, or guest space. Buyers should inquire about the finish quality, ceiling height, and moisture control to understand its true condition and value.
3. The home ranks highly for lot size but lower for age and condition. What does this mean?
This pattern is common for well-located, older homes. It suggests you are primarily investing in the land and location. The structure itself is likely dated and will require ongoing maintenance or updates, positioning this as a property for buyers comfortable with a project or who prioritize space over turn-key perfection.
4. Who would this property not suit?
It may not suit buyers seeking modern, open-concept layouts or those unwilling to handle the maintenance of a 78-year-old home. The lack of a garage and the home's lower rankings for size and condition mean it doesn't cater to those prioritizing immediate convenience or newer construction.
5. The assessment value seems lower than expected. Why?
Municipal assessments for older homes often lag behind market values, especially when the land value (which is high here) is a major component. The assessed value is a formula for taxation, not a sale price. The market value will be determined by recent sales of similar, large-lot properties in the area.
