345 Lynbrook Drive

Varsity View, Winnipeg

Property score

70.5

Good

Overall 70.5 · Older than most nearby homes

1,152 sqft (bottom 38%) · Built in 1961 (14 yrs older than avg)

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

Transit 60.0 · 8-min walk to transit with 3 nearby routes · Within 500m: 2 parks, and 1 place of worship nearby

Living Area

Below average

17% smaller than neighborhood avg.

Year Built

Below average

14 yrs older 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

70.5 is composed by the two sections below.

Property Score

59.4Fair
Living Area60
1,152 sqftFair
Year Built46
1961Low
Lot Size81
6,132 sqftExcellent
Neighbourhood Sales Activity42
Low

Community Score

87.1Excellent
Household Income87
Excellent
Education Level91
Excellent
Housing Stress83
Excellent
Core Housing Need88
Excellent
Employment Health83
Excellent

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

around average
1,152 sqft
0255075100
Same streetBottom 48%Same areaBottom 38%CitywideBottom 45%
Same street · Lynbrook Drive
#44 / 85
Bottom 48% · Avg 1,266 sqft
Same area · Varsity View
#527 / 848
Bottom 38% · Avg 1,387 sqft
Citywide · Winnipeg
#106,322 / 194,458
Bottom 45% · Avg 1,342 sqft

Tax-Assessed Value

around average
346k
0255075100
Same streetBottom 33%Same areaBottom 26%CitywideBottom 45%
Same street · Lynbrook Drive
#57 / 85
Bottom 33% · Avg 406.4k
Same area · Varsity View
#625 / 848
Bottom 26% · Avg 444.7k
Citywide · Winnipeg
#107,313 / 194,458
Bottom 45% · Avg 390.1k

Year Built

around average
1961
0255075100
Same streetBottom 36%Same areaBottom 27%CitywideBottom 43%

Lot Size

above average
6,132 sqft
0255075100
Same streetBottom 44%Same areaBottom 33%CitywideTop 28%

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

345 Lynbrook Drive — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 268 m).

Search radius
🌳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

345 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.

Related homes

Highlights & common questions: 345 Lynbrook Drive, Winnipeg

Property Overview

This 1961-built, one-storey home in Varsity View offers a practical layout with 1,152 sqft of living space on a generous 6,132 sqft lot. Its key features include a fully finished basement and a detached garage. The property presents a classic, low-maintenance footprint that has been well-maintained over the decades. Its appeal lies in its established neighbourhood setting, larger-than-average lot for the area, and the immediate usability of its finished lower level. This home would particularly suit first-time buyers seeking a solid entry into the market, downsizers looking for a manageable single-level living space, or investors attracted by the stable rental demand near the university. A less obvious advantage is the home's age: systems and structure are long-settled, potentially reducing the surprise issues sometimes found in newer, rapidly built homes. While not top-ranked in raw metrics within its immediate area, it outperforms a strong majority of homes across Winnipeg overall, suggesting it represents good value in the broader market context.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg. For example, its land size is in the top 28% city-wide, meaning the lot is larger than most, while its age is newer than 39% of Winnipeg homes.

2. Is the finished basement included in the listed living area?
No, the 1,152 sqft living area refers to the above-ground footprint. The finished basement provides additional, flexible space beyond that official square footage.

3. What are the implications of a "detached" garage?
It means the garage is a separate structure, not attached to the house. This can be a plus for workshop use or isolating noise, but means you will walk outdoors to access your vehicle in winter.

4. How might the 1961 construction year affect the home?
Homes of this era often feature solid construction and simpler, easily understood layouts. Buyers should pay special attention to the age and condition of core systems like plumbing, electrical, and the roof, which may be at or beyond their typical lifespan.

5. Why is the assessed value a useful reference point?
The $346,000 assessment provides a government-appraised benchmark for the property's taxable value. It is a data point that can inform offer pricing, but the final market value is determined by current buyer demand and the home's specific condition.