Property score
77.0
Good
Overall 77.0 · Newer than most nearby homes
1,222 sqft (bottom 46%) · Built in 2003 (28 yrs newer than avg)
Located in a high-income area with median household income of ~105k
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
Near average
12% smaller than neighborhood avg.
Year Built
Above average
28 yrs newer 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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77.0 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
354 Elmhurst Road — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 490 m), 2 parks (nearest 278 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 18% | Top 35% | Top 28% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This well-situated Varsity View home presents a practical and comfortable living opportunity. Built in 2003, it's a 1,222 sqft, one-storey home with a finished basement and an attached garage, sitting on a generous 5,733 sqft lot. Its appeal lies in a balance of modern convenience and established neighbourhood character. The home ranks notably high for its newer construction age and above-average assessed value within its immediate area, suggesting it has been maintained well and sits in a desirable pocket of the community. It would particularly suit first-time buyers or downsizers seeking a manageable, single-level layout in a mature neighbourhood, or investors attracted by its consistent performance in a stable academic-area market.
Key Details & FAQs
Key Characteristics & Appeal:
This property offers a move-in-ready footprint with the flexibility of a finished basement. Its standout feature is its relative newness compared to most homes on the street and in Varsity View, meaning major components like the roof, windows, and mechanical systems are likely in good condition, offering peace of mind. The appeal is grounded in its strong positional rankings: it's newer than over 90% of nearby homes and has an assessed value higher than 70% in the community, indicating a solid investment in a sought-after location. It suits buyers looking for a low-maintenance home without sacrificing yard space, and who value the quiet, tree-lined streets of an established neighbourhood close to university amenities.
Frequently Asked Questions:
1. What does the "ranking" data actually tell me?
The rankings compare this home to others on its street, in Varsity View, and across all of Winnipeg. For example, being newer than 93% of homes on its street means it's one of the most recently built properties in the area, a significant advantage in an older neighbourhood.
2. Is the finished basement included in the 1,222 sqft living area?
Typically, the listed "living area" refers to above-grade, heated space. The finished basement would be additional square footage, adding functional space like a family room or extra bedrooms.
3. The assessed value is higher than the last sale price. What does that mean?
The 2024 assessed value of $492,000 is set by the municipal tax authority for taxation purposes. The 2020 sale price of $425,000 is a historical market transaction. The increase reflects market appreciation and assessments over four years, but the current market value will be determined by present-day buyer demand.
4. Who would this home not be suitable for?
Given its single-storey layout and moderate size, it may not suit larger families needing multiple bedrooms on one level or buyers seeking a brand-new, custom-built home. Those wanting a pool or extensive architectural character may also look elsewhere.
5. How significant is the lot size?
At over 5,700 sqft, the lot is larger than average for the area, offering valuable outdoor space for gardening, recreation, or future expansion like a deck or shed—a premium in mature neighbourhoods where lots are often smaller.
