Property score
50.2
Fair
Overall 50.2 · Smaller and older than most nearby homes
894 sqft (bottom 12%) · Built in 1957 (18 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
36% smaller than neighborhood avg.
Year Built
Below average
18 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
50.2 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
331 Lynbrook Drive — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 219 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%
331 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.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 331 Lynbrook Drive, Varsity View, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, well-maintained 1957 one-storey bungalow on a spacious, mature lot in the established Varsity View neighborhood. Its key features include a fully finished basement and a detached garage. With 894 sqft of living space, it is a compact and efficient layout, ideal for simplifying daily living.
The primary appeal lies in its location and lot size. Varsity View is a central, desirable area, and the property's 5,728 sqft lot offers significant outdoor space and potential relative to many newer infill properties. The home presents a solid, no-frills foundation in a prime location. It would suit a first-time buyer looking for an entry point into a sought-after neighborhood, a downsizer seeking single-level living without a condo fee, or an investor/renovator who values the land and sees potential in updating the existing structure over time.
A less obvious perspective is its competitive positioning. While the home itself is modest in size and age, it ranks more favorably in terms of its assessed value and lot size within Winnipeg overall, suggesting it may offer relative value compared to the broader market, especially for those prioritizing land in a central location over a large interior footprint.
Section 2: Frequently Asked Questions
1. What is the neighborhood of Varsity View like?
Varsity View is a mature, central neighborhood known for its tree-lined streets, proximity to the University of Manitoba, and a mix of original character homes and newer infills. It offers a quiet, residential feel with convenient access to amenities.
2. What does "fully finished basement" include?
The listing confirms the basement is finished, meaning it has been developed into livable space (likely including rooms, proper flooring, and ceilings). Specifics on layout, ceiling height, or legal secondary suite status would require clarification with the seller or a viewing.
3. Is the home suitable for a growing family?
The current living space (894 sqft) is compact for a growing family. However, the finished basement provides additional flexible space, and the large lot offers potential for future expansion, subject to local zoning and permit approvals.
4. How does the assessed value compare to the likely listing price?
The municipal assessment is $325,000, which is a valuation for tax purposes. The final sale price is determined by the market and can be higher or lower than this figure, especially in active neighborhoods like Varsity View.
5. What are the main considerations for a home built in 1957?
While offering charm and a proven structure, a home of this age will likely have original or older components. A thorough inspection is recommended to review the condition of major systems like plumbing, electrical, roof, and foundation, and to plan for potential updates.
