Property score
55.0
Fair
Overall 55.0 · Smaller and older than most nearby homes
952 sqft (bottom 18%) · Built in 1956 (19 yrs older than avg)
Located in a above-average income area with median household income of ~77k
Transit 70.0 · 7-min walk to transit with 3 nearby routes · Within 500m: 2 parks nearby
Living Area
Below average
31% smaller than neighborhood avg.
Year Built
Below average
19 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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55.0 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
304 Lynbrook Drive — 2 amenities found within 500 m, across 1 categories, including 2 parks (nearest 212 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 13% | Bottom 12% | Bottom 27% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 304 Lynbrook Drive
Section 1: Key Characteristics & Appeal
This is a classic, well-maintained 1956 bungalow in the established Varsity View neighbourhood. Its primary appeal lies in its generous 7,208 sqft lot—a significant size that ranks within the top 15% of all properties in Winnipeg for land area. The home itself is a practical 952 sqft one-storey layout with a finished basement, offering functional living space. While the house is of average size for its area, the property’s standout feature is its expansive, private yard, which presents a rare opportunity in the city for gardening, recreation, or future expansion.
The property suits two main types of buyers. First, it’s ideal for a first-time buyer or downsizer seeking a manageable, single-level home in a central, mature neighbourhood without the upkeep of a larger house. Second, it appeals to a visionary buyer or builder who values land over the existing structure. The large lot offers long-term potential, whether for a significant renovation, an addition, or eventual redevelopment, making it a strategic purchase.
A less obvious perspective is its competitive positioning. The home’s assessed value ranks higher than its past sale price and physical size would suggest, indicating that the market recognizes a premium for the lot itself. It’s a property where the land is the appreciating asset, and the house provides immediate utility.
Section 2: Frequently Asked Questions
1. What is the true draw of this property?
The primary advantage is the lot size. At over 7,200 sqft, it is substantially larger than typical city lots, offering privacy, space, and future potential that is increasingly hard to find.
2. Is the house too small or outdated?
At 952 sqft with a finished basement, it provides essential living space for 1-2 people or a small family. Its 1956 build date means some systems may require updating, but this is reflected in the price and allows a new owner to customize renovations to their taste over time.
3. Who would this property not suit?
It may not suit buyers seeking a modern, move-in-ready home with no projects, or those who prioritize a large interior living space over outdoor potential. The absence of a garage should also be considered.
4. How does its 2018 sale price relate to today’s value?
The 2018 sale of $265,000 was below the current assessed value of $328,000. This growth highlights the increasing value placed on land in established neighbourhoods, though the final market price is always determined by current conditions.
5. What does the ranking data actually tell me?
The rankings show the property’s relative strength in different categories. Crucially, its land area ranks in the top 15% city-wide, which is a major asset. Its living area and age are more typical for the area, confirming this is a land-value proposition with a livable existing home.
