Property score
65.0
Good
Overall 65.0 · Smaller and older than most nearby homes
1,016 sqft (bottom 23%) · Built in 1940 (35 yrs older 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: 2 parks, and 1 place of worship nearby
Living Area
Below average
27% smaller than neighborhood avg.
Year Built
Below average
35 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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65.0 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
359 Elmhurst Road — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 327 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 | Bottom 26% | Bottom 29% | Bottom 43% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 359 Elmhurst Road, Varsity View, Winnipeg
This 1940s one-storey home sits on a generous 6,316 sqft lot in the established Varsity View neighbourhood. Its key appeal lies in the combination of a large, private yard and a fully finished basement, offering more functional space than the 1,016 sqft main floor suggests. With a detached garage and a recent sale in 2022, it presents a grounded, no-frills opportunity. The home’s competitive rankings are noteworthy: its lot size places it in the top 25% of all Winnipeg properties, offering a rarity of space in the city, while its overall value assessment ranks solidly in the middle of the market.
The property would suit a practical buyer looking for a character home with clear, untapped potential. It’s ideal for someone who values outdoor space over a large interior footprint and is prepared for the maintenance or thoughtful updates that come with an 86-year-old structure. First-time buyers seeking a foothold in a central neighbourhood, or downsizers wanting a manageable single-level layout with ample garden space, would find it particularly fitting. Its position in Varsity View also offers proximity to the University of Manitoba, appealing to staff or graduate students.
Frequently Asked Questions
1. What is the true living space, considering the basement?
While the main floor is listed at 1,016 sqft, the fully finished basement adds a significant amount of functional living area. The total usable space is therefore considerably larger, though the basement's specific square footage isn't detailed in the public listing.
2. How does the lot size compare to others in the area?
The 6,316 sqft lot is a major asset, placing it in the top 25% of all properties in Winnipeg for size. In Varsity View, it surpasses 63% of homes, meaning you're getting well-above-average outdoor space for the neighbourhood.
3. The home was built in 1940. What should I be aware of?
As an 86-year-old property, prospective buyers should budget for and prioritize inspections focused on aging core systems like plumbing, electrical, and the foundation. Its character comes with the responsibility of ongoing maintenance and potential updates.
4. The price assessment seems lower than the recent sale price. Why?
The municipal assessment is $330,000, while it sold for $315,000 in January 2022. Assessments for tax purposes don't always align perfectly with current market value, which can be influenced by renovation history, specific condition, and market trends at the time of sale.
5. What are the less obvious pros and cons of this property?
A thoughtful advantage is the established neighbourhood with mature trees and a settled streetscape. A less obvious consideration is the "walkability" of the specific location within Varsity View—while the community is central, its proximity to daily amenities would need to be verified. Additionally, the large lot offers great privacy and potential, but also entails more responsibility for landscaping and upkeep.
