324 Laxdal Road

Varsity View, Winnipeg

Property score

75.6

Good

Overall 75.6 · Larger but older than most nearby homes

1,600 sqft (top 29%) · Built in 1955 (20 yrs older than avg)

Located in a high-income area with median household income of ~92k

Transit 70.0 · 7-min walk to transit with 3 nearby routes · Within 500m: 1 school, 2 parks, and 1 place of worship nearby

Living Area

Above average

15% larger than neighborhood avg.

Year Built

Below average

20 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

75.6 is composed by the two sections below.

Property Score

73.8Good
Living Area83
1,600 sqftExcellent
Year Built36
1955Low
Lot Size98
14,788 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

above average
1,600 sqft
0255075100
Same streetTop 13%Same areaTop 29%CitywideTop 25%
Same street · Laxdal Road
#23 / 183
Top 13% · Avg 1,206 sqft
Same area · Varsity View
#248 / 848
Top 29% · Avg 1,387 sqft
Citywide · Winnipeg
#49,351 / 194,458
Top 25% · Avg 1,342 sqft

Tax-Assessed Value

above average
472k
0255075100
Same streetTop 13%Same areaTop 35%CitywideTop 25%
Same street · Laxdal Road
#23 / 183
Top 13% · Avg 387.7k
Same area · Varsity View
#298 / 848
Top 35% · Avg 444.7k
Citywide · Winnipeg
#47,683 / 194,458
Top 25% · Avg 390.1k

Year Built

around average
1955
0255075100
Same streetBottom 14%Same areaBottom 19%CitywideBottom 34%

Lot Size

Elite
14,788 sqft
0255075100
Same streetTop 9%Same areaTop 5%CitywideTop 2%

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

324 Laxdal Road — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 464 m), 2 parks (nearest 149 m).

Search radius
🏫Education1
🌳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

324 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: 324 Laxdal Road, Winnipeg

Property Overview: 324 Laxdal Road, Varsity View, Winnipeg

Key Characteristics & Appeal

This is a well-established 3-level split home on an exceptionally large, mature lot in the sought-after Varsity View neighborhood. Built in 1955, its primary appeal lies in its generous 14,788 sqft property, which places it in the top 5% of lots within the community. The home itself offers 1,600 sqft of living space with a finished basement and a detached split garage. While the structure is older, its assessed value ranks highly, indicating solid underlying value for the area.

Its appeal is multifaceted: it suits buyers looking for a prime location with rare lot size, offering immense potential for gardening, expansion, or simply enjoying expansive outdoor space. It would particularly suit a practical buyer who values land and location over a modern turn-key home, and who sees the opportunity in an older, character property with a fantastic yard. A less obvious perspective is that this property offers a relative "blank canvas" within a premium neighborhood—the significant lot provides options that newer, denser subdivisions simply cannot, from adding a large workshop to preserving a private, treed oasis close to the university and city amenities.

Frequently Asked Questions

1. What does the high lot ranking actually mean?
It means the property's land size of nearly 15,000 sqft is larger than 95% of lots in Varsity View and 98% across all of Winnipeg, making it a notably rare and spacious parcel in the city.

2. The house was built in 1955. What should I expect?
Prospective buyers should budget for the updates and maintenance typical of a home of this age. The systems, windows, and interior will likely require modernization, but the structure sits on a highly desirable and valuable piece of land.

3. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers interested in rental income should verify its compliance with local bylaws and safety codes.

4. How does the split garage work?
A split garage typically refers to a detached garage with two separate doors, often accommodating two vehicles side-by-side but in distinct bays. It's a practical feature for families or those with extra storage needs.

5. Why is the assessed value high relative to the home's age?
The assessment reflects both the dwelling and the land. In this case, the exceptionally large lot in a prime neighborhood significantly contributes to the total assessed value, underscoring the property's worth is heavily tied to its land.