311 Lynbrook Drive

Varsity View, Winnipeg

Property score

44.3

Below average

Overall 44.3 · Smaller and older than most nearby homes

795 sqft (bottom 6%) · Built in 1950 (25 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, and 1 place of worship nearby

Living Area

Below average

43% smaller than neighborhood avg.

Year Built

Below average

25 yrs older than neighborhood avg.

Mother tongue

English · 78%Tagalog · 4%

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

44.3 is composed by the two sections below.

Property Score

31.3Low
Living Area22
795 sqftLow
Year Built30
1950Low
Lot Size67
5,379 sqftGood
Neighbourhood Sales Activity42
Low

Community Score

63.9Fair
Household Income75
Good
Education Level34
Low
Housing Stress52
Fair
Core Housing Need76
Good
Employment Health68
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: #46110349

Community deep dive

$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

Population, labour & age

Population (2021)426
Labour force participation rate69%
Median age38.8
Avg household size2.0
Unemployment rate9%
Population density2662 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households41%
Couple families with children19%
Median household income (2020)$77K

Housing

Renter households35%
Condominium dwellings17%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)17%
Visible minority14%
Bachelor's or higher (25–64)17%
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
795 sqft
0255075100
Same streetBottom 6%Same areaBottom 6%CitywideBottom 9%
Same street · Lynbrook Drive
#80 / 85
Bottom 6% · Avg 1,266 sqft
Same area · Varsity View
#801 / 848
Bottom 6% · Avg 1,387 sqft
Citywide · Winnipeg
#177,703 / 194,458
Bottom 9% · Avg 1,342 sqft

Tax-Assessed Value

below average
294k
0255075100
Same streetBottom 8%Same areaBottom 10%CitywideBottom 28%
Same street · Lynbrook Drive
#78 / 85
Bottom 8% · Avg 406.4k
Same area · Varsity View
#761 / 848
Bottom 10% · Avg 444.7k
Citywide · Winnipeg
#140,813 / 194,458
Bottom 28% · Avg 390.1k

Year Built

below average
1950
0255075100
Same streetBottom 14%Same areaBottom 13%CitywideBottom 28%

Lot Size

around average
5,379 sqft
0255075100
Same streetBottom 11%Same areaBottom 8%CitywideTop 46%

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

311 Lynbrook Drive — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 179 m).

Search radius
🌳Parks2
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

311 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.

Related homes

Highlights & common questions: 311 Lynbrook Drive, Winnipeg

Property Overview & Key Characteristics

This 1950s-built, one-storey home in Varsity View offers a practical footprint on a generous 5,379 sqft lot. Its primary appeal lies in its established, quiet neighbourhood and the value proposition of a single-level living space with a finished basement. With 795 sqft of main-floor living area, it is a compact and manageable home.

The property suits first-time buyers seeking an entry point into a desirable area, downsizers looking for minimal stairs and a low-maintenance lifestyle, or investors interested in a character home with solid rental potential due to its location near the University of Manitoba. Its broad lot also presents a long-term opportunity for expansion or landscaping, a less obvious advantage in a mature neighbourhood. The home’s rankings indicate it is a more modest offering within its immediate streets and community, but it holds a solid middle-ground position city-wide for assessed value.

Frequently Asked Questions

1. What is the neighbourhood like?
Varsity View is a mature, tree-lined community known for its proximity to the University of Manitoba. It offers a quiet, residential feel with a mix of long-term residents and academic community members.

2. Is the basement included in the 795 sqft living area?
No. The 795 sqft refers to the above-ground, main-floor living area. The home also has a separate, finished basement, which adds additional usable space.

3. What does the "ranking" data mean?
The rankings compare this property against others on the same street, in the same community, and across all of Winnipeg for metrics like lot size, age, living area, and assessed value. For example, being in the "top 46%" for lot size in Winnipeg means 54% of city lots are smaller than this one.

4. Are there any major concerns with a home built in 1950?
As with any home of this era, a thorough inspection is essential. Potential buyers should pay specific attention to the condition of foundational elements, the roof, wiring, and plumbing, which may be original or have undergone updates over the decades.

5. What are the prospects for future value?
The value is anchored by the location and lot size. While the home itself is modest, the large lot in a stable neighbourhood provides a strong foundation. Value appreciation will be closely tied to the overall market and any future updates or expansions undertaken by the owner.