365 Lynbrook Drive

Varsity View, Winnipeg

Property score

74.6

Good

Overall 74.6 · Compared with neighbourhood average

1,271 sqft (top 49%) · Built in 1978 (3 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: 2 parks, and 1 place of worship nearby

Living Area

Near average

8% smaller than neighborhood avg.

Year Built

Near average

3 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

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

74.6 is composed by the two sections below.

Property Score

66.2Good
Living Area66
1,271 sqftGood
Year Built67
1978Good
Lot Size74
5,815 sqftGood
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
1,271 sqft
0255075100
Same streetTop 39%Same areaTop 49%CitywideTop 44%
Same street · Lynbrook Drive
#33 / 85
Top 39% · Avg 1,266 sqft
Same area · Varsity View
#414 / 848
Top 49% · Avg 1,387 sqft
Citywide · Winnipeg
#85,065 / 194,458
Top 44% · Avg 1,342 sqft

Tax-Assessed Value

around average
424k
0255075100
Same streetTop 35%Same areaTop 44%CitywideTop 33%
Same street · Lynbrook Drive
#30 / 85
Top 35% · Avg 406.4k
Same area · Varsity View
#377 / 848
Top 44% · Avg 444.7k
Citywide · Winnipeg
#64,309 / 194,458
Top 33% · Avg 390.1k

Year Built

above average
1978
0255075100
Same streetTop 26%Same areaTop 38%CitywideTop 35%

Lot Size

around average
5,815 sqft
0255075100
Same streetBottom 33%Same areaBottom 22%CitywideTop 36%

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

365 Lynbrook Drive — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 344 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

365 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: 365 Lynbrook Drive, Winnipeg

Property Overview & Key Characteristics

This 1978-built, one-storey home in Varsity View offers a practical and settled living environment on a generous, mature lot. Its appeal lies in a combination of established neighbourhood character, functional space, and a solid value proposition relative to the wider Winnipeg market. The fully finished basement and split garage add useful space and functionality. The home's rankings indicate it is a competitively sized and valued property within the city, particularly outranking a majority of Winnipeg homes in assessed value. It suits buyers looking for a manageable single-level layout, those who value a larger lot in a central area, and practical-minded purchasers seeking a home with immediate livability and established roots over a new-build project. A thoughtful perspective is that while the home is nearly 50 years old, its above-average rankings for age within its immediate area suggest it has been maintained amidst older peers, potentially indicating a well-kept streetscape.

Frequently Asked Questions

1. What is the neighbourhood like?
Varsity View is a mature, established community near the University of Manitoba, offering a mix of academic and long-term residential character with the convenience of nearby amenities and green spaces.

2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its configuration and compliance with local regulations through their inspector and the city.

3. How does the "ranking" system work?
The rankings compare this home against others on the same street, in Varsity View, and across all of Winnipeg for metrics like size, age, and assessed value. For example, ranking in the "top 30%" for value in Winnipeg means it is assessed higher than 70% of city properties, suggesting a strong municipal valuation.

4. What does the lot size offer?
At over 5,800 square feet, the lot is larger than average, providing ample outdoor space for gardening, recreation, or future expansion, which is a notable asset in a mature neighbourhood.

5. What should I consider about a home from 1978?
While the home has proven longevity, its systems (like roof, windows, plumbing, and electrical) are likely original or have been updated at various stages. A thorough inspection is crucial to understand the condition and timeline for any upcoming maintenance or upgrades.