Property score
66.6
Good
Overall 66.6 · Compared with neighbourhood average
1,320 sqft (top 46%) · Built in 1972 (3 yrs older than avg)
Located in a average-income area
Transit 70.0 · 6-min walk to transit with 3 nearby routes · Within 500m: 1 park, and 1 place of worship nearby
Living Area
Near average
5% smaller than neighborhood avg.
Year Built
Near average
3 yrs older than neighborhood avg.
Mother tongue
English · 79%Punjabi · 21%
Past 10 years Varsity View sales snapshot (~80% of all data)
281
492k
$398/sqft
1975
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66.6 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: #46110351
21%
Single-person households
35%
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
396 Chalfont Road — 2 amenities found within 500 m, across 2 categories, including 1 parks (nearest 449 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 | Bottom 36% | Top 18% | Top 13% |
Request exact sold prices and history by email
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1972-built, one-storey home in Varsity View offers a unique blend of space and location. Its primary appeal lies in its exceptionally large, 11,505 sqft lot, which places it in the top 4% of all properties in Winnipeg for land size. The 1,320 sqft bungalow features a finished basement and an attached garage. Recent market activity is confirmed by a sale in September 2024 at $531,000.
The home suits buyers who prioritize land over a large living footprint. It’s ideal for someone looking for outdoor space for gardening, recreation, or future expansion in a well-established, central neighbourhood. The bungalow style also appeals to those seeking single-level living or easier accessibility. A thoughtful perspective is that while the house itself is of average size for the area, the lot represents a rare and appreciating asset in a mature community, offering potential that newer subdivisions rarely can.
Key Questions for This Property
1. What does the lot size ranking actually mean?
The property’s lot is larger than 96% of all homes in Winnipeg. This isn’t just a big yard; it’s a standout feature that offers privacy, space for additions like a workshop or large deck, and is a permanent advantage that can’t be replicated in newer, denser developments.
2. The house was built in 1972. What should I be aware of?
While the home has been maintained, a 54-year-old property will likely have original or aging core components. A thorough inspection should focus on the roof, foundation, plumbing, electrical systems, and windows. The finished basement should also be checked for moisture management.
3. How does the recent sale price compare to the assessment?
The home sold for $531,000 in September 2024, which is significantly above the $456,000 assessed value. This is common in active markets and confirms that current market value is driven by buyer demand, not municipal assessment, which is often based on older data.
4. Who would this property not suit?
It may not be the best fit for buyers seeking a modern, move-in-ready home with an open-concept layout, as the floor plan and finishes are characteristic of its era. It also may not suit those who prefer a low-maintenance, small yard.
5. What is the potential here beyond the existing house?
The vast lot is the key asset. While subject to local zoning, it offers long-term possibilities such as a major addition, a separate garage or studio, or simply the preservation of generous green space in the city. The bungalow style itself is also inherently adaptable for aging in place.
