389 Lynbrook Drive

Varsity View, Winnipeg

Property score

77.6

Good

Overall 77.6 · Compared with neighbourhood average

1,327 sqft (top 45%) · 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: 2 parks, and 1 place of worship nearby

Living Area

Near average

4% 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

77.6 is composed by the two sections below.

Property Score

71.3Good
Living Area1,327 sqft71Good
Year Built197867Good
Lot Size7,364 sqft88Excellent
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
1,327 sqft
0255075100
Same streetTop 32%Same areaTop 45%CitywideTop 40%
Same street · Lynbrook Drive
#27 / 85
Top 32% · Avg 1,266 sqft
Same area · Varsity View
#379 / 848
Top 45% · Avg 1,387 sqft
Citywide · Winnipeg
#77,478 / 194,458
Top 40% · Avg 1,342 sqft

Tax-Assessed Value

above average
431k
0255075100
Same streetTop 29%Same areaTop 42%CitywideTop 32%
Same street · Lynbrook Drive
#25 / 85
Top 29% · Avg 406.4k
Same area · Varsity View
#360 / 848
Top 42% · Avg 444.7k
Citywide · Winnipeg
#61,787 / 194,458
Top 32% · Avg 390.1k

Year Built

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

Lot Size

above average
7,364 sqft
0255075100
Same streetTop 36%Same areaTop 45%CitywideTop 14%

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

389 Lynbrook Drive — 3 amenities found within 500 m, across 2 categories, including 2 parks (nearest 431 m).

Search radius
🌳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

389 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: 389 Lynbrook Drive, Winnipeg

Property Overview

This 1978 one-storey home in Varsity View offers a practical and spacious family living environment on a large, quiet lot. Its primary appeal lies in the combination of a generous, landscaped yard (over 7,300 sq ft) and a fully finished basement, which together provide ample space for living and recreation. The home ranks consistently above average for its size, value, and lot dimensions within its established neighbourhood and across Winnipeg, indicating a solid, competitive offering. It would suit buyers looking for a move-in-ready, single-level layout in a mature community, particularly those who prioritize private outdoor space for gardening or children over a brand-new build. A thoughtful perspective is that while the home is nearly 50 years old, its strong rankings suggest it has been well-maintained and remains a relevant and desirable property in the area, offering character and space that can be harder to find in newer subdivisions.

Key Details & FAQs

Key Characteristics & Appeal:

  • Layout & Space: A one-storey (bungalow) design with 1,327 sq ft of living space, featuring a fully finished basement that significantly expands the usable area.
  • Lot: A standout feature is the large 7,364 sq ft lot, offering extensive outdoor privacy and potential.
  • Location: Situated in the established Varsity View neighbourhood, with its rankings showing it outperforms most homes locally in terms of lot size, living area, and assessed value.
  • Parking: Includes a split garage, providing flexible parking or storage options.
  • Ideal Buyer: Well-suited for downsizers, young families seeking a manageable single-level layout, or anyone valuing a large yard in a mature, central community.

Frequently Asked Questions:

1. What does the ranking data actually mean?
The rankings show how this property compares to others. For example, its lot size is larger than 86% of all homes in Winnipeg, and its assessed value is higher than 71% of Winnipeg homes, indicating it's a substantial property for its price range.

2. Is a 48-year-old home a concern?
While systems like roof, windows, and plumbing may need evaluation or updating, the home's strong market rankings suggest it has been maintained competitively. Its age also typically means a larger lot and more established neighbourhood character than newer builds.

3. What are the benefits of a fully finished basement?
It immediately adds livable space for a recreation room, home office, or guest area without the need for a renovation project, increasing the home's functional square footage.

4. What is a split garage?
A split garage is typically a double-width garage divided into two separate single-door bays. It can offer more flexible use, such as parking in one side and using the other for workshop or storage space.

5. Who might this home not suit?
It may not suit buyers seeking a modern, open-concept layout without any renovation work, or those who prefer a low-maintenance property with a very small yard.

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