385 Laxdal Road

Varsity View, Winnipeg

Property score

72.3

Good

Overall 72.3 · Compared with neighbourhood average

1,172 sqft (bottom 39%) · Built in 1967 (8 yrs older than avg)

Located in a high-income area with median household income of ~105k

Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 2 dining spots, 1 school, 1 healthcare facility, and 2 parks nearby

Living Area

Below average

15% smaller than neighborhood avg.

Year Built

Below average

8 yrs older 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

72.3 is composed by the two sections below.

Property Score

62.4Fair
Living Area1,172 sqft60Fair
Year Built196752Fair
Lot Size8,152 sqft93Excellent
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
1,172 sqft
0255075100
Same streetTop 42%Same areaBottom 39%CitywideBottom 47%
Same street · Laxdal Road
#77 / 183
Top 42% · Avg 1,206 sqft
Same area · Varsity View
#515 / 848
Bottom 39% · Avg 1,387 sqft
Citywide · Winnipeg
#102,801 / 194,458
Bottom 47% · Avg 1,342 sqft

Tax-Assessed Value

above average
404k
0255075100
Same streetTop 30%Same areaBottom 49%CitywideTop 37%
Same street · Laxdal Road
#54 / 183
Top 30% · Avg 387.7k
Same area · Varsity View
#430 / 848
Bottom 49% · Avg 444.7k
Citywide · Winnipeg
#72,622 / 194,458
Top 37% · Avg 390.1k

Year Built

around average
1967
0255075100
Same streetBottom 31%Same areaBottom 31%CitywideBottom 49%

Lot Size

above average
8,152 sqft
0255075100
Same streetTop 33%Same areaTop 29%CitywideTop 11%

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

385 Laxdal Road — 8 amenities found within 500 m, across 6 categories, including 2 dining (nearest 391 m), 1 education (nearest 258 m), 1 healthcare (nearest 466 m).

Search radius
🍽️Dining2
🏫Education1
🏥Healthcare1
🌳Parks2
🏦Finance1
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

385 Laxdal 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.

Related homes

Highlights & common questions: 385 Laxdal Road, Winnipeg

Property Overview

This well-situated Varsity View home presents a classic and spacious single-family opportunity. Its key appeal lies in the combination of a large, 8,152 sqft lot in a desirable neighbourhood with a practical, single-storey layout and a finished basement. The home suits buyers looking for solid value in a mature area, particularly those who prioritize generous outdoor space over a brand-new build. It’s an ideal candidate for a young family seeking room to grow, or for downsizers who want main-floor living but aren't ready for a condo. A less obvious strength is its relative ranking; while the 1967 build date is average, the property's lot size and assessed value rank in the top third of Winnipeg, suggesting the land itself holds significant inherent value.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this home to others on its street, in Varsity View, and across all of Winnipeg. For example, its lot size is in the top 11% city-wide, which is a standout feature, while its living space is close to the city's median.

2. Is the finished basement included in the 1,172 sqft living area?
Typically, the listed "living area" refers to above-grade, heated space. The finished basement would provide additional usable square footage, but it is not usually counted in the official figure.

3. What are the implications of a 1967 build date?
Homes of this era are often solidly built but will likely have original or aging core components, like windows, roof, and major systems. A thorough inspection is advised to budget for potential updates.

4. How does a "split" garage differ from a double garage?
A split garage, often called a tandem garage, has two single bays arranged front-to-back rather than side-by-side. It provides space for two cars but requires one to be parked behind the other.

5. The assessed value is $404,000. Is that the sale price?
No. The municipal assessment is for tax purposes and reflects a mass appraisal from a prior date. The market sale price is determined by current buyer demand, condition, and comparable recent sales.

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