Property score
50.6
Fair
Overall 50.6 · Smaller and older than most nearby homes
816 sqft (bottom 6%) · Built in 1952 (23 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: 2 parks nearby
Living Area
Below average
41% smaller than neighborhood avg.
Year Built
Below average
23 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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50.6 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
303 Lynbrook Drive — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 163 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%
303 Lynbrook Drive: 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: 303 Lynbrook Drive, Varsity View, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 1952-built, one-storey home sits on a notably large 7,208 sqft lot in the established Varsity View neighbourhood. Its key characteristics include an unfinished basement, a split garage, and 816 sqft of living space. The primary appeal lies in its land value and location. The lot size is a significant asset, ranking in the top 15% of all Winnipeg properties for square footage, offering ample outdoor space and future potential in a mature, central area. The home itself presents as a classic post-war bungalow, likely appealing to those valuing location and lot over turn-key finishes.
This property would best suit a practical buyer with a vision. It’s an ideal candidate for a first-time homeowner or investor comfortable with gradual updates, or for someone planning a future new build on a prime lot. Its value is grounded in the land and the desirable, long-established community, making it a project with solid foundational equity rather than immediate luxury.
Frequently Asked Questions
1. Why is the assessed value relatively low compared to the lot size?
The assessment reflects the current state of the 74-year-old home with modest living space. The high land ranking but lower overall value ranking suggests the assessor sees significant value in the lot, with the existing structure contributing less to the total.
2. What does the "unfinished basement" entail for a home of this era?
Typically, this means a foundational cellar with rough concrete walls and floors, housing utilities like the furnace. It offers ample storage and future expansion potential but would require a significant investment to convert into livable space.
3. The rankings show the lot size is top-tier, but the house size is quite low. What does this mean?
This highlights the property’s core dynamic: you are purchasing a large, valuable piece of land in a prime area with a smaller, older home on it. The opportunity lies in the land's value and potential, not in the existing square footage.
4. Is the split garage a detractor?
Not necessarily. While a double attached garage is often preferred, a split garage (typically two separate single doors) is common for the era and neighbourhood. It provides covered parking for two vehicles and may offer more flexible storage or workshop space.
5. The home ranks low for "newness" but high for lot size. How should I weigh that?
This is the essential trade-off. You are choosing a superior location and land package that will always be scarce, while accepting an older home that will require ongoing maintenance and updates. The investment is in the permanence of the land, not the depreciating structure.
