Property score
41.8
Below average
Overall 41.8 · Smaller and older than most nearby homes
659 sqft (bottom 1%) · Built in 1946 (29 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, and 1 place of worship nearby
Living Area
Below average
52% smaller than neighborhood avg.
Year Built
Below average
29 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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41.8 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: #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
323 Elmhurst Road — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 257 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 | Top 47% | Bottom 45% | Top 44% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 323 Elmhurst Road, Varsity View, Winnipeg
This 1946-built, one-storey home sits on a large, 5,379 sqft lot in the established Varsity View neighbourhood. With 659 sqft of living space, an unfinished basement, and no garage, it presents a specific value proposition. Its recent sale price of $360,000 significantly exceeds its assessed value, indicating a premium paid for its location and potential.
Section 1: Key Characteristics & Appeal
Key Characteristics:
This is a classic post-war bungalow, emphasizing lot size over house size. The nearly 80-year-old home has modest, original living space and requires the buyer to finish the basement for additional room. Notably, it lacks a garage, a common feature in homes of this era in the area.
Where the Appeal Lies:
The primary appeal is the large, desirable lot in a central location. Varsity View is prized for its proximity to the University of Manitoba, major routes, and mature community feel. This property is a clear "land value" play, offering space for expansion, gardening, or future redevelopment. The unfinished basement provides a blank canvas for customization. Its recent sale suggests strong market confidence in the location's intrinsic value.
Ideal Buyer Profile:
This property suits a specific buyer: a hands-on individual or couple looking for a long-term project in a top-tier location. It's ideal for someone who values land and location above move-in-ready finishes, sees potential in the basement, and is comfortable with a home of vintage character. It could be a fit for an investor-builder or a buyer planning a significant future renovation or rebuild, given the lot size.
Section 2: Frequently Asked Questions
1. Why did it sell for so much more than its assessed value?
Assessed value is for municipal taxation and often lags behind market value, especially for older homes on large lots in high-demand neighbourhoods. The sale price reflects what buyers are currently willing to pay for the location and the property's potential.
2. What are the implications of a house built in 1946?
Buyers should budget for updates to aging core systems like plumbing, electrical, and insulation. While it offers charm, a pre-purchase inspection is crucial to understand the condition of the original structure and foundation.
3. How can I manage without a garage?
This is a key consideration for vehicle storage and winter. Buyers would need to explore adding a shed, carport, or future garage (subject to permits), or rely on street parking, which should be checked for local restrictions.
4. The rankings show it's in the bottom percentiles for size and age on its street. Is that a concern?
This data highlights the property's context. On a street of mostly larger, potentially newer homes, this house is one of the smallest and oldest. This isn't inherently negative but confirms its value is primarily in the land, not the current structure, compared to its neighbours.
5. Is the unfinished basement a pro or a con?
It's both. It's a significant project requiring investment for framing, insulation, flooring, and likely moisture-proofing. However, it allows for complete customization to add valuable living space, such as a bedroom, bathroom, or family room, exactly to the new owner's specifications.
