Property score
73.7
Good
Overall 73.7 · Compared with neighbourhood average
1,188 sqft (bottom 42%) · Built in 1979 (4 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
14% smaller than neighborhood avg.
Year Built
Near average
4 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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73.7 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
381 Lynbrook Drive — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 400 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%
381 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.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 381 Lynbrook Drive
This well-established Varsity View bungalow presents a classic and practical home on a large, mature lot. Built in 1979, its appeal lies in its solid foundation within a sought-after neighbourhood, offering space and potential. The home features 1,188 sqft of living space, a fully finished basement, and a detached garage. Its standout characteristic is the generous 7,320 sqft lot, which provides ample outdoor space—a relative rarity in the area. With an assessed value of $431,000, it positions itself as a competitively priced entry into a prime location near the University of Manitoba.
Key Characteristics & Ideal Buyer
The property’s core strength is its location and land. Situated in Varsity View, it offers proximity to the university, major routes, and amenities. The home itself is a functional, one-storey layout with a finished basement, catering to those seeking single-level living or easy expansion possibilities. Its rankings indicate it outperforms most Winnipeg homes in lot size and assessed value, suggesting a strong underlying property value relative to the market.
This home would best suit a practical buyer who values location and land over a turnkey modern interior. It’s an ideal candidate for a first-time homeowner willing to update the home over time, or an investor looking for a solid rental property in a high-demand student and academic area. The large lot also holds quiet appeal for gardeners, families wanting play space, or those considering future additions, offering a canvas that newer subdivisions often cannot match.
Frequently Asked Questions
1. What is the neighbourhood like?
Varsity View is a mature, quiet neighbourhood known for its convenience to the University of Manitoba, research parks, and shopping at University Crescent. It typically attracts a mix of academics, students, and long-term residents.
2. What is the condition of the home?
As a 47-year-old property, buyers should anticipate maintenance consistent with its age. A thorough home inspection is recommended to assess the roof, windows, mechanical systems, and the condition of the finished basement.
3. What are the property taxes?
While not listed here, property taxes can be estimated using the City of Winnipeg’s calculator and the provided assessed value of $431,000. Taxes in this area are typical for a home of this value in Winnipeg.
4. Is there potential for expansion or renovation?
The large lot size is a significant asset for potential expansion, such as an addition or a new garage, subject to city zoning bylaws. The bungalow style and finished basement also offer flexible layout options.
5. How does the detached garage impact winter use?
A detached garage means exiting your vehicle in the elements during Winnipeg winters. For some, this is a minor trade-off for the lot layout and storage space; for others, it’s a consideration for daily convenience.
