308 Laxdal Road

Varsity View, Winnipeg

Property score

61.2

Fair

Overall 61.2 · Smaller and older than most nearby homes

999 sqft (bottom 21%) · Built in 1958 (17 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 park, and 1 place of worship nearby

Living Area

Below average

28% smaller than neighborhood avg.

Year Built

Below average

17 yrs older than neighborhood avg.

Mother tongue

English · 77%Tagalog · 3%

Past 10 years Varsity View sales snapshot (~80% of all data)

Sold Count

281

Median price

492k

$/sqft

$398/sqft

Avg build year

1975

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Property score

61.2 is composed by the two sections below.

Property Score

49.8Low
Living Area42
999 sqftLow
Year Built43
1958Low
Lot Size93
8,357 sqftExcellent
Neighbourhood Sales Activity42
Low

Community Score

78.4Good
Household Income81
Excellent
Education Level82
Excellent
Housing Stress63
Fair
Core Housing Need76
Good
Employment Health76
Good

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111103

Community deep dive

$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

Population, labour & age

Population (2021)659
Labour force participation rate62%
Median age44.4
Avg household size2.4
Unemployment rate0%
Population density2353 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households29%
Couple families with children30%
Median household income (2020)$92K

Housing

Renter households32%
Condominium dwellings16%
Median dwelling value (owners)$500K

Diversity, education & language

Immigrants (share of pop.)16%
Visible minority10%
Bachelor's or higher (25–64)44%
Mother tongue (1st)English · 77%
Mother tongue (2nd)Tagalog · 3%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

below average
999 sqft
0255075100
Same streetBottom 27%Same areaBottom 21%CitywideBottom 26%
Same street · Laxdal Road
#133 / 183
Bottom 27% · Avg 1,206 sqft
Same area · Varsity View
#667 / 848
Bottom 21% · Avg 1,387 sqft
Citywide · Winnipeg
#144,168 / 194,458
Bottom 26% · Avg 1,342 sqft

Tax-Assessed Value

around average
317k
0255075100
Same streetBottom 11%Same areaBottom 16%CitywideBottom 34%
Same street · Laxdal Road
#163 / 183
Bottom 11% · Avg 387.7k
Same area · Varsity View
#715 / 848
Bottom 16% · Avg 444.7k
Citywide · Winnipeg
#127,404 / 194,458
Bottom 34% · Avg 390.1k

Year Built

around average
1958
0255075100
Same streetBottom 16%Same areaBottom 23%CitywideBottom 39%

Lot Size

above average
8,357 sqft
0255075100
Same streetTop 29%Same areaTop 26%CitywideTop 10%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

308 Laxdal Road — 2 amenities found within 500 m, across 2 categories, including 1 parks (nearest 99 m).

Search radius
🌳Parks1
Worship1

Crime & Safety

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%

Sales History

308 Laxdal Road: 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.

Related homes

Highlights & common questions: 308 Laxdal Road, Winnipeg

Property Overview & Key Characteristics

This 1958-built, one-storey home in Varsity View offers a classic bungalow layout with a fully finished basement on a large, 8,357 sqft lot. Its primary appeal lies in the combination of a generous, mature property and a central, established neighbourhood. The home itself, at 999 sqft of living space, is a practical size, but the standout feature is the land itself, which is significantly larger than most in the area, ranking in the top 10% for lot size across Winnipeg. This presents a clear opportunity for gardening, expansion, or simply enjoying ample private outdoor space.

The property would suit a buyer looking for a solid entry point into a desirable neighbourhood, willing to take on a home that may require updates to match its premium lot value. It’s also ideal for those who prioritize land size and location over a newer build or a move-in-ready interior, appealing to long-term planners who see the underlying asset.


Frequently Asked Questions

1. What does the lot size ranking actually mean?
The lot is 8,357 sqft, which places it in the top 10% of all residential properties in Winnipeg for size. In practical terms, this means you're getting a much larger yard than is typical, especially for an inner-city neighbourhood.

2. The house was built in 1958. What should I expect?
As a home from the late 1950s, buyers should budget for potential updates to major systems like plumbing, electrical, or the roof, which may be nearing the end of their service life. The interior layout and finishes will also reflect the era.

3. How does the assessment value relate to the asking price?
The municipal assessment is $317,000, which is used for calculating property taxes. The listing price is set by the seller and is influenced by current market conditions, which often differ from the assessed value, especially for properties with high-value land.

4. Is the finished basement included in the 999 sqft living area?
Typically, municipal living area (sqft) measurements do not include below-grade space. The 999 sqft likely refers to the main floor only, with the finished basement providing additional, separate living space.

5. The rankings show the house is older and smaller than many others. Is that a concern?
This highlights the property’s value proposition. You are purchasing location and land. The rankings confirm the house itself is not the primary draw; the appeal is the potential of the large lot in a prime area, making it a play on the property's future value rather than its current condition.