Property score
79.8
Good
Overall 79.8 · Larger but older than most nearby homes
1,673 sqft (top 25%) · Built in 1959 (16 yrs older than avg)
Located in a high-income area with median household income of ~105k
Transit 70.0 · 8-min walk to transit with 3 nearby routes · Within 500m: 2 parks, and 1 place of worship nearby
Living Area
Above average
21% larger than neighborhood avg.
Year Built
Below average
16 yrs older than neighborhood avg.
Mother tongue
English · 79%Tagalog · 3%
Past 10 years Varsity View sales snapshot (~80% of all data)
281
492k
$398/sqft
1975
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79.8 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: #46110350
$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
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
353 Lynbrook Drive — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 301 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%
353 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 Overview: 353 Lynbrook Drive, Varsity View, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, well-established single-family home in the sought-after Varsity View neighborhood. Its primary appeal lies in its generous 10,944 sqft lot—a rare find that places it in the top tier of properties locally for outdoor space. The 1,673 sqft bungalow features a finished basement and an attached garage, offering practical, single-level living. Built in 1959, the home presents a solid foundation and is positioned as a property with significant underlying value, particularly in its land.
The home is ideally suited for two main types of buyers. First, it's perfect for a growing family seeking a large, private yard in a central, family-friendly community close to schools and the University of Manitoba. Second, it represents a prime opportunity for a renovator or builder. The combination of a large lot in a premium location with a home that has modernization potential is a powerful draw for those looking to add value through updates or future redevelopment.
A less obvious perspective is the home's competitive standing in the broader market. While the structure itself is of average age for the area, its lot size and living space consistently rank in the top 20-30% across Winnipeg, suggesting its value is more heavily anchored in its location and land than in its current finishes. This makes it a strategic purchase for the long term.
Section 2: Frequently Asked Questions
1. What does the "ranking" data mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg for specific metrics (like lot size or age). For example, its lot size surpasses 95% of all Winnipeg properties, indicating it is exceptionally large. This data helps gauge its relative strengths in the market.
2. Is the house outdated?
Built in 1959, the home will likely require updates to modernize systems, kitchens, and bathrooms. This is typical for a house of this vintage and is reflected in its price and assessment value. The opportunity lies in customizing it to your taste over time.
3. Who is the target buyer for this property?
It best suits a family prioritizing outdoor space in a central location or a buyer with a renovation or redevelopment vision. Its value is more land-centric, making it less ideal for someone seeking a completely move-in-ready, modern home without any projects.
4. How does the assessment value relate to the asking price?
The municipal assessment of $430,000 is for taxation purposes and provides a baseline. The final sale price is determined by the current market, the home's unique lot size, and its condition. The assessment ranking shows it is valued higher than most Winnipeg homes.
5. What are the advantages of a bungalow with a finished basement?
This layout offers flexible living space, potential for in-law suites or separate recreational areas, and the convenience of single-level primary living. The finished basement immediately adds usable square footage without the need for a costly renovation.
