3401 Grant Avenue

Varsity View, Winnipeg

Property score

62.3

Fair

Overall 62.3 · Smaller than most nearby homes

950 sqft (bottom 17%) · Built in 1975

Located in a high-income area with median household income of ~105k

Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 3 dining spots, 1 school, 1 healthcare facility, and 1 shop nearby

Living Area

Below average

31% smaller than neighborhood avg.

Year Built

Near average

0 yrs newer than neighborhood avg.

Mother tongue

English · 79%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

62.3 is composed by the two sections below.

Property Score

45.8Low
Living Area950 sqft42Low
Year Built197558Fair
Lot Size3,572 sqft46Low
Neighbourhood Sales Activity42Low

Community Score

87.1Excellent
Household Income87Excellent
Education Level91Excellent
Housing Stress83Excellent
Core Housing Need88Excellent
Employment Health83Excellent

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: #46110350

Community deep dive

$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

Population, labour & age

Population (2021)742
Labour force participation rate70%
Median age40.4
Avg household size2.5
Unemployment rate3%
Population density3091 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households26%
Couple families with children34%
Median household income (2020)$105K

Housing

Renter households26%
Condominium dwellings0%
Median dwelling value (owners)$424K

Diversity, education & language

Immigrants (share of pop.)15%
Visible minority18%
Bachelor's or higher (25–64)53%
Mother tongue (1st)English · 78%
Mother tongue (2nd)Tagalog · 2%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

below average
950 sqft
0255075100
Same streetBottom 18%Same areaBottom 17%CitywideBottom 21%
Same street · Grant Avenue
#54 / 66
Bottom 18% · Avg 1,329 sqft
Same area · Varsity View
#705 / 848
Bottom 17% · Avg 1,387 sqft
Citywide · Winnipeg
#153,176 / 194,458
Bottom 21% · Avg 1,342 sqft

Tax-Assessed Value

below average
183k
0255075100
Same streetBottom 2%Same areaBottom 1%CitywideBottom 6%
Same street · Grant Avenue
#65 / 66
Bottom 2% · Avg 379.3k
Same area · Varsity View
#847 / 848
Bottom 1% · Avg 444.7k
Citywide · Winnipeg
#182,538 / 194,458
Bottom 6% · Avg 390.1k

Year Built

around average
1975
0255075100
Same streetTop 33%Same areaTop 44%CitywideTop 40%

Lot Size

below average
3,572 sqft
0255075100
Same streetBottom 14%Same areaBottom 2%CitywideBottom 20%

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

3401 Grant Avenue — 10 amenities found within 500 m, across 7 categories, including 3 dining (nearest 299 m), 1 education (nearest 290 m), 1 healthcare (nearest 318 m).

Search radius
🍽️Dining3
🏫Education1
🏥Healthcare1
🛒Shopping1
🌳Parks2
🏦Finance1
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

3401 Grant Avenue: 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: 3401 Grant Avenue, Winnipeg

Property Overview & Key Characteristics

3401 Grant Avenue is a classic, single-storey home in the established Varsity View neighbourhood. Built in 1975, it presents a straightforward, functional layout with 950 sqft of living space and a full, unfinished basement offering potential for future expansion. The property sits on a 3,572 sqft lot, providing good outdoor space for a mature community. Its appeal lies in its simplicity and location within a well-regarded area, offering a solid entry point into the Winnipeg market. The home's value is primarily in its land and location rather than high-end finishes, making it a practical canvas.

This property would suit first-time buyers seeking an affordable foothold in a desirable neighbourhood, or investors looking for a stable rental property with long-term redevelopment potential. It’s a home for those who value location over luxury and are comfortable with a property that may require updates over time. A less obvious perspective is its suitability for downsizers from larger homes in the same area who want to maintain community ties without the maintenance of a more complex property.


Frequently Asked Questions

1. What is the neighbourhood like?
Varsity View is a mature, centrally-located neighbourhood known for its proximity to the University of Manitoba, strong community feel, and tree-lined streets. It offers a mix of long-term residents and academic community members.

2. What does "unfinished basement" mean for me?
The basement is a blank slate with full headroom and utilities in place. It provides significant storage and future potential to add living space, a rental suite (subject to zoning and permits), or a workshop, but would require a full investment to finish.

3. How should I interpret the provided rankings?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg for metrics like size, age, and assessed value. For example, ranking in the top 80% city-wide for lot size means its lot is larger than 20% of Winnipeg properties, indicating a decent-sized yard for the area.

4. Is the lack of a garage a significant drawback?
For many buyers in this price range and neighbourhood, it is a common trade-off. The lot size allows for the potential addition of a garage or carport in the future, but for now, it means relying on street parking, which is typical for the area.

5. What is the realistic potential here?
This is not a move-in-ready showcase home. Its realistic potential is as a liveable, affordable home in a great location that can be gradually improved. The combined value is in the land in a stable community and a structurally sound house that serves as a practical foundation for the right buyer.

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