Property score
68.3
Good
Overall 68.3 · Older than most nearby homes
1,230 sqft (bottom 47%) · Built in 1945 (30 yrs older than avg)
Located in a high-income area with median household income of ~92k
Transit 70.0 · 6-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 healthcare facility, 1 shop, and 1 park nearby
Living Area
Near average
11% smaller than neighborhood avg.
Year Built
Below average
30 yrs older than neighborhood avg.
Mother tongue
English · 77%Tagalog · 3%
Past 10 years Varsity View sales snapshot (~80% of all data)
281
492k
$398/sqft
1975
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68.3 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: #46111103
$92K
Median household income
$131K
Average household income
6%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
29%
Single-person households
30%
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
300 Laxdal Road — 5 amenities found within 500 m, across 5 categories, including 1 education (nearest 489 m), 1 healthcare (nearest 460 m), 1 shopping (nearest 484 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 39% | Bottom 37% | Top 49% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Appeal
This 1945-built one-and-a-half storey home in Varsity View offers a classic Winnipeg character combined with significant lot value. Its key appeal lies in its generous 8,357 sqft lot, which ranks in the top 10% for size across Winnipeg, providing exceptional outdoor space and future potential in a central, established neighborhood. The house itself, with 1,230 sqft of living space and an unfinished basement, presents a solid foundation. Its recent 2023 sale price suggests it is seen as a property with underlying value, likely for its land and location rather than its current finishes. This home would suit a buyer looking for a character home with room to grow, whether that means gradual renovation, an addition, or simply enjoying one of the larger lots in the area. It’s a practical choice for those who value space and location over modern turn-key condition, appealing to renovators, long-term planners, or investors attentive to lot value in a prime academic community.
Key Considerations & FAQs
What does the "one-and-a-half storey" design mean for living space?
Typically, this style features main living areas on the ground floor with bedrooms or additional space in a finished upper level that has sloped ceilings due to the roofline. It offers a classic layout that can feel cozy but may have less full-height square footage than a true two-storey.
The house is older and ranks low for "newness." What should I budget for?
Given its age, proactive inspections are crucial. While systems may have been updated, budgeting for ongoing maintenance, potential knob-and-tube wiring replacement, insulation improvements, or older plumbing is prudent. The unfinished basement is both a blank slate and a likely area for necessary upgrades like moisture control.
The lot is large, but what can I actually do with it?
Beyond generous gardens and play space, a lot of this size in Varsity View may allow for future additions like a garage, workshop, or sunroom, subject to zoning bylaws. It's a long-term asset that provides flexibility many newer properties don't.
Why did it sell for significantly more than its assessed value in 2023?
This is common in active markets and for properties where the land value outweighs the building value. The sale price likely reflects the high demand for large lots in central neighborhoods, which isn't fully captured in the municipal assessment formula.
Is the unfinished basement a drawback or an opportunity?
It depends on your goals. It requires investment to finish but offers no constraints from previous work. You can design it exactly to your needs—a rental suite, family room, or storage—without first undoing someone else's project, and it allows for a thorough inspection of the home's foundation and structure.
