386 Lynbrook Drive

Varsity View, Winnipeg

Property score

72.4

Good

Overall 72.4 · Compared with neighbourhood average

1,186 sqft (bottom 42%) · Built in 1978 (3 yrs newer 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

14% 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

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Property score

72.4 is composed by the two sections below.

Property Score

62.6Fair
Living Area60
1,186 sqftFair
Year Built67
1978Good
Lot Size74
5,645 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
1,186 sqft
0255075100
Same streetTop 46%Same areaBottom 42%CitywideBottom 48%
Same street · Lynbrook Drive
#39 / 85
Top 46% · Avg 1,266 sqft
Same area · Varsity View
#493 / 848
Bottom 42% · Avg 1,387 sqft
Citywide · Winnipeg
#100,455 / 194,458
Bottom 48% · Avg 1,342 sqft

Tax-Assessed Value

around average
393k
0255075100
Same streetTop 46%Same areaBottom 45%CitywideTop 40%
Same street · Lynbrook Drive
#39 / 85
Top 46% · Avg 406.4k
Same area · Varsity View
#470 / 848
Bottom 45% · Avg 444.7k
Citywide · Winnipeg
#78,073 / 194,458
Top 40% · Avg 390.1k

Year Built

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

Lot Size

around average
5,645 sqft
0255075100
Same streetBottom 28%Same areaBottom 19%CitywideTop 40%

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

386 Lynbrook Drive — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 477 m), 2 parks (nearest 436 m).

Search radius
🏫Education1
🌳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

386 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: 386 Lynbrook Drive, Winnipeg

Property Overview: 386 Lynbrook Drive, Varsity View, Winnipeg

Key Characteristics & Appeal

This 1978 one-storey home in the established Varsity View neighborhood offers a practical, single-level layout with 1,186 sqft of living space on a generous 5,645 sqft lot. Its key features include a finished basement and a split garage. The appeal lies in its balance of space, location, and value. It sits in a mature community, offering a quiet, tree-lined setting while remaining close to the University of Manitoba, major routes, and urban amenities.

The home’s competitive positioning is noteworthy. Its lot size and newer build date (for its era) rank well above average for both the street and the wider city, suggesting a desirable parcel of land in a settled area. However, the living space and assessed value are more middle-of-the-road, indicating a home that is comfortable and fairly priced rather than oversized or luxury-priced. This creates a specific niche: it’s a solid, no-fuss property for buyers who prioritize a good location and a manageable yard over a large or modernized interior.

This property would suit first-time buyers seeking a dependable entry into a respected neighborhood, downsizers looking for a single-level home with a manageable footprint, or pragmatic investors attracted by the steady rental demand near a university. It’s for those who see value in a home’s foundational strengths—lot size, location, and layout—and are comfortable with a property that offers a blank canvas or requires gradual updates.


Frequently Asked Questions

1. What is the true condition of the finished basement?
While listed as finished, the specifics on finish quality, ceiling height, moisture control, and legal egress are not provided. This would be a key area for inspection and clarification to understand its value as living space, a rental suite, or simple recreational area.

2. How does the "split garage" function?
A split garage typically means a two-car garage divided by a wall or column. It’s important to verify the exact dimensions and layout to ensure it meets your needs for vehicle storage, workshop space, or general storage.

3. The build year is 1978; what major systems might need attention?
Homes of this age may have original or older roofing, windows, plumbing, and electrical systems. A thorough inspection is crucial to anticipate potential near-future investments in updates or replacements.

4. The lot ranks very well; what does that mean for me?
Ranking in the top 40% in Winnipeg for lot size means you're getting more outdoor space than most city properties. This offers greater privacy, gardening potential, and room for additions like a deck or shed, which is a significant long-term asset.

5. The interior space ranks about average; how does the floorplan feel?
With living area rankings near the middle, the home likely offers standard-sized rooms rather than expansive ones. Consider if the 1,186 sqft layout, spread over one main floor and a finished basement, flows in a way that suits your daily life.