Property score
75.5
Good
Overall 75.5 · Compared with neighbourhood average
1,236 sqft (bottom 47%) · Built in 1977 (2 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
11% smaller than neighborhood avg.
Year Built
Near average
2 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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75.5 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
387 Elmhurst Road — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 448 m), 2 parks (nearest 415 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 9% | Top 24% | Top 17% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 387 Elmhurst Road
This single-storey home in Varsity View presents a practical and well-positioned opportunity. Built in 1977, it sits on a generous 6,707 sqft lot and features 1,236 sqft of living space with a finished basement and an attached garage. Its recent sale in March 2025 for $492,000, notably above its $408,000 assessed value, signals strong market recognition.
The appeal here is grounded in its established neighborhood and tangible value. The home ranks highly city-wide for lot size (top 20%) and recent sale price (top 19%), suggesting a property that outperforms many in Winnipeg on key metrics. It would suit a buyer looking for a move-in-ready, low-maintenance layout on a sizable lot, ideal for small families, downsizers, or investors seeking a stable asset in a mature area. A less obvious perspective is its potential as a long-term hold; the significant lot size in a central neighborhood offers future flexibility that smaller, newer lots often lack, whether for expansion, landscaping, or simply as a premium asset in an increasingly land-constrained market.
Frequently Asked Questions
1. How does the recent sale price compare to the home's assessed value?
The home sold for $492,000 in March 2025, which is approximately 20% above its municipal assessed value of $408,000. This indicates the market valued the property significantly higher than its official tax assessment at that time.
2. What does the ranking data for lot size and sale price actually mean?
The data shows this property ranks in the top 20% of all Winnipeg homes for lot size and in the top 19% for its recent sale price. This means it has a larger-than-average lot and sold for a price higher than most homes in the city, highlighting its competitive standing.
3. Is the neighborhood considered established or developing?
Varsity View is a long-established, mature neighborhood. The home's age (49 years) and the community's ranking data confirm it is a well-settled area, not a new development.
4. What is the significance of having a finished basement?
A finished basement immediately adds usable living space without the need for a renovation project. It provides flexibility for recreation, home office, or guest areas, making the home functional from day one.
5. Does the "one storey" design have specific advantages?
The single-storey (bungalow) design offers main-floor living without stairs, which is often appealing for accessibility, aging in place, or simply for its straightforward, easy-to-navigate layout. It can also simplify maintenance and roof repairs.
