Property score
75.3
Good
Overall 75.3 · Older than most nearby homes
1,300 sqft (top 47%) · Built in 1960 (15 yrs older than avg)
Located in a high-income area with median household income of ~105k
Transit 70.0 · 6-min walk to transit with 3 nearby routes · Within 500m: 1 school, 2 parks, and 1 place of worship nearby
Living Area
Near average
6% smaller than neighborhood avg.
Year Built
Below average
15 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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75.3 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
371 Elmhurst Road — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 482 m), 2 parks (nearest 368 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%
371 Elmhurst Road: 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 & Appeal
This 1960-built, one-storey home in Varsity View is defined by its substantial, nearly 9,500 sqft lot—a rare find that places it in the top tier of properties locally for land size. The 1,300 sqft living space is above average for the area and includes a finished basement. Its key appeal lies in the balance of a mature, established neighborhood with the immense potential of a large, flat parcel of land. The home suits two distinct buyer types: those seeking a solid, move-in-ready bungalow with ample room for gardens, play, and expansion, and visionaries who see the long-term value in the land itself for potential redevelopment or a significant future addition. A less obvious perspective is its appeal to multi-generational families; the single-level layout combined with a finished basement and massive yard offers flexible living arrangements and private outdoor space for all ages.
Frequently Asked Questions
1. What does the "finished basement" entail?
The listing confirms a finished basement but does not specify the extent. Buyers should inquire about ceiling height, layout, permits, and whether it includes a bathroom or separate entrance to fully assess its value and functionality.
2. How does the 1960 construction year affect the home?
While the home is well-established, its age means crucial systems like plumbing, electrical, roofing, and the foundation should be thoroughly inspected. This isn't necessarily a drawback, as the classic bungalow build is often straightforward to update, but it's a key due diligence point.
3. There's no garage. Is adding one feasible?
Given the exceptional lot size, adding a garage or carport is likely very feasible from a space perspective. Buyers should verify specific setback requirements and any restrictive covenants with the city to confirm plans.
4. The assessment value is lower than the asking price. Why?
Municipal assessments for tax purposes often lag behind market values, especially for unique properties like this with a premium lot. The market price reflects current demand, the land's development potential, and the home's condition, which may not be fully captured in the assessment.
5. What is the neighborhood character of Varsity View?
As a mature area near the University of Manitoba, it typically offers a quiet, established setting with a mix of long-term residents and academics. The large lot suggests a more spacious, private feel than newer subdivisions, but proximity to the university also means consistent rental demand nearby.
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