391 Elmhurst Road

Varsity View, Winnipeg

Property score

63.6

Fair

Overall 63.6 · Smaller and older than most nearby homes

1,038 sqft (bottom 25%) · Built in 1903 (72 yrs older than avg)

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

Transit 70.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 1 school, 2 parks, and 1 place of worship nearby

Living Area

Below average

25% smaller than neighborhood avg.

Year Built

Below average

72 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

63.6 is composed by the two sections below.

Property Score

48.0Low
Living Area52
1,038 sqftFair
Year Built10
1903Low
Lot Size85
6,591 sqftExcellent
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
1,038 sqft
0255075100
Same streetBottom 32%Same areaBottom 25%CitywideBottom 30%
Same street · Elmhurst Road
#164 / 242
Bottom 32% · Avg 1,247 sqft
Same area · Varsity View
#637 / 848
Bottom 25% · Avg 1,387 sqft
Citywide · Winnipeg
#136,159 / 194,458
Bottom 30% · Avg 1,342 sqft

Tax-Assessed Value

below average
245k
0255075100
Same streetBottom 3%Same areaBottom 3%CitywideBottom 16%
Same street · Elmhurst Road
#234 / 242
Bottom 3% · Avg 393.7k
Same area · Varsity View
#821 / 848
Bottom 3% · Avg 444.7k
Citywide · Winnipeg
#163,299 / 194,458
Bottom 16% · Avg 390.1k

Year Built

below average
1903
0255075100
Same streetBottom 1%Same areaBottom 1%CitywideBottom 1%

Lot Size

above average
6,591 sqft
0255075100
Same streetBottom 25%Same areaBottom 42%CitywideTop 21%

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

391 Elmhurst Road — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 439 m), 2 parks (nearest 429 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

391 Elmhurst 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: 391 Elmhurst Road, Winnipeg

Property Overview

This 1.5-storey home in Varsity View offers a blend of historic character and practical living on a generous lot. Its primary appeal lies in its location within a well-established community and its larger-than-average land size of 6,591 sqft, which ranks in the top 21% for all of Winnipeg. The home itself, built in 1903, is a piece of local history with a functional, finished basement adding to its usable space. However, its 1,038 sqft living area and assessed value are modest relative to the lot, suggesting the property's greatest potential may be in its land. It would suit a buyer looking for a character home with room to garden or expand, or an investor who sees value in a sizable lot in a central neighbourhood. It's less suited for those seeking modern finishes, a garage, or maximum interior square footage without a renovation project.

Key Details & FAQs

  • Key Characteristics: Built in 1903, 1.5-storey design, 1,038 sqft of living space, finished basement, no garage.
  • Lot Size: 6,591 sqft, a standout feature that places it well above average for the city.
  • Location: Varsity View neighbourhood, offering established streets and proximity to the University of Manitoba.
  • Assessment & Value: City-assessed value is $245,000. Market value can differ based on condition, market trends, and the value buyers place on the large lot.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings compare this property to others on its street, in Varsity View, and across Winnipeg. For example, its lot size ranks in the top 21% city-wide (very high), while its building age ranks in the bottom 1% (one of the oldest). This highlights the contrast between a vintage home and a premium lot size.

2. Is the 1903 build year a concern?
It signifies undeniable character but also requires a proactive approach to maintenance. A thorough inspection is essential to understand the condition of foundational elements, plumbing, electrical systems, and the roof, which have likely been updated over time but may need further attention.

3. Who would this property suit best?
It's ideal for a buyer who values a large outdoor space in a central location more than a large or modern interior. It could appeal to someone with a vision for gradual renovation, a gardener, or an investor considering the long-term redevelopment potential of the lot.

4. What are the implications of having no garage?
This means on-site parking will be limited to driveway or street parking, and all storage must be accommodated within the house or a shed. This is a common trade-off in older neighbourhoods and is a practical consideration for vehicle ownership and seasonal items.

5. How should I interpret the assessed value versus the asking price?
The municipal assessment ($245,000) is for tax purposes and is often calculated using mass appraisal techniques. It may not reflect recent market conditions, specific upgrades, or the unique value of the large lot. The sale price will be determined by current buyer demand, the home's condition, and its perceived potential.