Property score
72.3
Good
Overall 72.3 · Compared with neighbourhood average
1,135 sqft (bottom 36%) · Built in 1969 (6 yrs older than avg)
Located in a high-income area with median household income of ~105k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 3 dining spots, 1 school, 1 healthcare facility, and 1 shop nearby
Living Area
Below average
18% smaller than neighborhood avg.
Year Built
Below average
6 yrs older 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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72.3 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
397 Laxdal Road — 10 amenities found within 500 m, across 7 categories, including 3 dining (nearest 357 m), 1 education (nearest 227 m), 1 healthcare (nearest 431 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 22% | Bottom 27% | Bottom 42% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 9% | Bottom 15% | Bottom 31% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 397 Laxdal Road, Varsity View, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Varsity View home is a classic one-storey bungalow on a spacious, mature lot exceeding 8,150 square feet. Its key appeal lies in the combination of a prime location within a sought-after neighbourhood and the solid foundation it offers for both comfortable living and future potential. The home features a finished basement and a split garage, providing practical space and storage.
The property’s strongest suit is its exceptional land value and location ranking, outperforming 89% of Winnipeg homes for lot size. This appeals to buyers who prioritize outdoor space, privacy, and the long-term value of land in a central area. It is ideally suited for a downsizer seeking a manageable single-level layout on a quiet, established street, or for a hands-on buyer who envisions renovating or expanding a home with excellent "bones" and a superb lot. A less obvious perspective is its appeal to an investor or family looking for a home where the significant equity gain since its 2020 purchase is already reflected in the assessed value, suggesting a stable and substantiated market price.
Section 2: Frequently Asked Questions
1. What is the true condition of the home, given its age?
Built in 1969, the home is of an era where solid construction was common. Prospective buyers should budget for a thorough inspection to assess the condition of major aging components like the roof, windows, plumbing, and electrical systems, which may require updates or maintenance.
2. How does the finished basement add to the living space?
The finished basement effectively increases the usable living area beyond the 1,135 sqft main floor. It’s ideal for a recreation room, home office, or additional bedrooms, but specifics on layout, ceiling height, and egress should be verified in person.
3. Is the price aligned with the market, considering the recent sale history?
The current assessed value is significantly higher than the 2020 sale price, reflecting strong market appreciation. This indicates the official valuation is in line with area trends, but a buyer’s agent can provide a comparative market analysis to evaluate the asking price against similar active listings.
4. What are the implications of the lot size and rankings?
The lot is larger than most in Winnipeg, offering rare space for gardens, play, or additions. The high ranking means it's a standout feature that contributes significantly to the property's value and desirability compared to neighbouring homes on smaller plots.
5. Who is the typical buyer in Varsity View, and what is the neighbourhood vibe?
Varsity View is a mature, family-friendly neighbourhood near the University of Manitoba. It attracts a mix of academics, professionals, and families drawn to its stability, tree-lined streets, and convenient access to amenities and schools. The vibe is quiet, established, and community-oriented.
