Property score
61.8
Fair
Overall 61.8 · Smaller and older than most nearby homes
831 sqft (bottom 7%) · Built in 1959 (16 yrs older than avg)
Located in a high-income area with median household income of ~105k
Transit 74.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 1 healthcare facility, and 1 place of worship nearby
Living Area
Below average
40% smaller than neighborhood avg.
Year Built
Below average
16 yrs older than neighborhood avg.
Mother tongue
English · 79%Tagalog · 3%
Past 10 years Varsity View sales snapshot (~80% of all data)
281
492k
$398/sqft
1975
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61.8 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: #46110350
$105K
Median household income
$129K
Average household income
6%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.1
P90 / P10 ratio
26%
Single-person households
34%
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
3219 Grant Avenue — 4 amenities found within 500 m, across 4 categories, including 1 dining (nearest 462 m), 1 education (nearest 446 m), 1 healthcare (nearest 475 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 42% | Bottom 10% | Bottom 26% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 32% | Bottom 9% | Bottom 24% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview & Key Characteristics
This is a classic, well-situated single-family home in the established Varsity View neighbourhood. Its primary appeal lies in the combination of a substantial, mature lot and a solid location within the city. The property sits on an exceptionally large lot of over 15,000 sqft, which ranks in the top 2% of all properties in Winnipeg for land size. This offers rare potential for expansion, gardening, or simply enjoying generous private outdoor space in a central area. The home itself is a modest 831 sqft bungalow from 1959 with a finished basement and a detached garage.
The property would best suit a specific type of buyer: those who value land and location over a large or modern house. It's an ideal candidate for a long-term hold, appealing to builders or investors eyeing future development potential, or to homeowners willing to live in a smaller footprint while investing in a premier lot. Its strong rankings for lot size and assessed value within its community suggest it's a property built on a valuable asset, even if the existing structure is dated and smaller than average for the area. This isn't a move-in-ready dream home; its appeal is more foundational and strategic.
Frequently Asked Questions
1. What is the true value proposition here?
The value is overwhelmingly in the land. You are purchasing one of the largest residential lots in Winnipeg in a mature, sought-after neighbourhood. The house, while livable, is secondary to the long-term asset of the property itself.
2. Is this a teardown candidate?
Given the age and relatively small size of the home compared to the lot, it is a prime candidate for a significant renovation or complete redevelopment in the future. The large lot provides uncommon flexibility for expansion or rebuilding within zoning bylaws.
3. How does the age of the home affect things?
Built in 1959, major original systems (like plumbing, electrical, or the roof) may be at or beyond their typical lifespan. A thorough inspection is crucial to understand the condition and any needed updates, which should be factored into any offer.
4. The lot is huge, but what about maintenance?
A 15,000 sqft lot requires considerable upkeep—mowing, landscaping, and snow removal. This is a significant time or financial commitment compared to a standard city lot.
5. Why have the previous sales been so close together (2016 and 2017)?
The quick resale could be due to many neutral factors (investor flip, change in owner circumstances) or could hint at an issue discovered after purchase. It underscores the importance of detailed inspections and reviewing all available property history.
