362 Lynbrook Drive

Varsity View, Winnipeg

Property score

76.4

Good

Overall 76.4 · Compared with neighbourhood average

1,304 sqft (top 47%) · Built in 1983 (8 yrs newer 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

Near average

6% smaller than neighborhood avg.

Year Built

Near average

8 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

76.4 is composed by the two sections below.

Property Score

69.3Good
Living Area1,304 sqft71Good
Year Built198373Good
Lot Size5,079 sqft67Good
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

around average
1,304 sqft
0255075100
Same streetTop 34%Same areaTop 47%CitywideTop 41%
Same street · Lynbrook Drive
#29 / 85
Top 34% · Avg 1,266 sqft
Same area · Varsity View
#396 / 848
Top 47% · Avg 1,387 sqft
Citywide · Winnipeg
#80,442 / 194,458
Top 41% · Avg 1,342 sqft

Tax-Assessed Value

around average
408k
0255075100
Same streetTop 38%Same areaTop 49%CitywideTop 36%
Same street · Lynbrook Drive
#32 / 85
Top 38% · Avg 406.4k
Same area · Varsity View
#415 / 848
Top 49% · Avg 444.7k
Citywide · Winnipeg
#70,801 / 194,458
Top 36% · Avg 390.1k

Year Built

above average
1983
0255075100
Same streetTop 19%Same areaTop 36%CitywideTop 31%

Lot Size

around average
5,079 sqft
0255075100
Same streetBottom 4%Same areaBottom 6%CitywideBottom 47%

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

362 Lynbrook Drive — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 358 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

362 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: 362 Lynbrook Drive, Winnipeg

Property Summary: 362 Lynbrook Drive

Key Characteristics & Appeal

This 1983-built, single-storey home in Varsity View offers a practical, low-maintenance layout with 1,304 sqft of living space on a spacious 5,079 sqft lot. Its key features include an unfinished basement—presenting a clear opportunity for customization and added value—and an attached garage. The appeal lies in its grounded, no-fuss potential. While the home's interior finishes may reflect its era, its above-average lot size and the established, mature neighbourhood provide a stable foundation. The property ranks as newer and larger than many in its immediate area, suggesting a solid structure in a desirable location.

This home would suit a first-time buyer looking for an entry point into a well-regarded community, or a practical-minded investor or downsizer who values the simplicity of a bungalow and sees the unfinished basement as a project rather than a drawback. It’s for those who prioritize location and land over turn-key perfection and are comfortable with the idea of personalizing the space over time.

Frequently Asked Questions

1. What is the true significance of the property rankings provided?
The rankings show the home is competitive within its specific street and neighbourhood for size and newer age, but is more average when compared to all of Winnipeg. This indicates it's a solid property in a desirable local context.

2. The basement is unfinished. What should I consider?
This is both a cost and an opportunity. You'll need to budget for finishing it to add living space, but you also have the freedom to design it exactly to your needs without needing to undo previous work.

3. How might the 1983 construction year affect the home?
While the structure is ranked as relatively newer for the area, a home of this age will likely have original or older major systems (like roof, windows, furnace). A thorough inspection is crucial to understand upcoming maintenance.

4. Who would this property not be ideal for?
It may not suit buyers seeking a modern, move-in-ready home without any projects, or those who need immediate, extensive finished living space, as the current square footage is all on the main floor.

5. The lot is notably large for the home's size. What are the advantages?
Beyond simple yard space, a larger lot in an established area offers greater privacy, room for additions like a deck or garden, and potentially better long-term value as land becomes scarcer.

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