Property score
79.5
Good
Overall 79.5 · Compared with neighbourhood average
1,468 sqft (top 38%) · 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
6% larger 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)
281
492k
$398/sqft
1975
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79.5 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
394 Lynbrook Drive — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 461 m), 2 parks (nearest 465 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 33% | Top 47% | Top 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 394 Lynbrook Drive
This well-situated Varsity View bungalow presents a compelling opportunity in a sought-after neighbourhood. Built in 1978, it sits on a large, mature lot and offers a comfortable, single-level living layout with a finished basement.
Key Characteristics & Appeal
The home’s primary strengths are its location and land. The 8,489 sqft lot is notably larger than most, placing it in the top 20% within its own street and top 10% across all of Winnipeg. This provides exceptional outdoor space, privacy, and potential. The 1,468 sqft of living space is efficiently arranged over one main floor, suitable for easy living or downsizing, and is complemented by a finished basement adding functional space.
Its appeal lies in a combination of established community charm and strong statistical standing. The property ranks highly in its area for lot size, living area, and municipal assessment value, suggesting a solid and desirable asset. It would particularly suit buyers looking for a manageable bungalow layout in a mature neighbourhood, who value a large yard over a brand-new home. It’s also a fit for those who appreciate a property with proven value metrics, as its assessment significantly exceeds its most recent sale price, indicating potential equity.
Frequently Asked Questions
Q: The house was last sold fairly recently. Why is it back on the market?
A: While we can't speak to the seller's personal circumstances, short-term ownership can happen for many neutral reasons, such as a job relocation, change in family needs, or an investment property being liquidated. The current offering is a chance for a new buyer to acquire a property in a prime location.
Q: How does the large lot size benefit me beyond just having a bigger yard?
A: A lot of this size, especially in an established neighbourhood, offers long-term flexibility. It provides ample space for gardening, recreation, or future additions like a deck, patio, or even a garage workshop. It also contributes significantly to the property's enduring value and curb appeal.
Q: The home was built in 1978. What should I be mindful of?
A: As with any home of this era, a thorough inspection is key. Pay special attention to the condition of the roof, windows, and major mechanical systems (furnace, electrical), which may be nearing or past their typical lifespans. The finished basement should also be checked for any signs of moisture.
Q: The municipal assessment is much higher than the 2023 sale price. What does that mean?
A: The assessment is used for calculating property taxes and is based on mass appraisal techniques and market trends at a specific point in time. The sale price is determined by the current market. This discrepancy can sometimes represent a buying opportunity, but it's essential to understand current market conditions and the home's specific features to determine its fair value.
Q: Is this a good neighbourhood for families or investors?
A: Varsity View is a perennial favourite due to its proximity to the University of Manitoba, strong schools, and mature landscape. It attracts a mix of families, academics, professionals, and investors interested in the stable rental market near the university. The large lot and single-storey layout give it broad appeal across these groups.
