Property score
48.7
Below average
Overall 48.7 · Smaller and older than most nearby homes
804 sqft (bottom 6%) · Built in 1954 (21 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
42% smaller than neighborhood avg.
Year Built
Below average
21 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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48.7 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
324 Elmhurst Road — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 210 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 18% | Bottom 22% | Bottom 37% |
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 804 sqft, one-storey home built in 1954, situated on a generous 5,380 sqft lot in Varsity View. It features a finished basement and no garage. The home’s assessed value is $320,000, with a previous sale recorded at $296,000 in 2019.
Its primary appeal lies in its established, mature neighbourhood and the significant potential offered by its large lot. While the home itself is modest in size and typical of its era, the land represents a substantial asset. This property would suit a first-time buyer or an investor comfortable with a home that may require updates, or a buyer with long-term vision who values the possibility of expansion or redevelopment (subject to zoning). It’s a practical entry into a central Winnipeg community, offering more outdoor space than many newer properties.
Five Potential Buyer Questions
1. What does the "finished basement" include?
The listing confirms a finished basement but does not specify the details. A viewing is essential to assess the finish quality, ceiling height, and whether it includes a separate entrance or legal suite potential.
2. How is the property ranked against others?
The provided rankings show it competes well on lot size but is in the older and smaller range for the area. This highlights its value as a land play rather than for its current interior square footage.
3. What are the implications of having no garage?
Parking will be limited to driveway and street. This is a common trade-off in older neighbourhoods and should be factored into your lifestyle and planning for vehicle storage or workshop space.
4. Is there potential for an addition or rebuild?
The large lot is the key feature that suggests this possibility. Any buyer seriously considering this should immediately verify City of Winnipeg zoning bylaws and any heritage or neighbourhood character guidelines that may apply.
5. Why is the assessed value higher than the 2019 sale price?
Municipal assessments are based on mass appraisal models and market trends, not individual sales. The increase likely reflects broader market movement. The current market value will be determined by present-day buyer competition and the home's condition.
