398 Elmhurst Road

Varsity View, ਵਿਨੀਪਿਗ

Property score

75.2

Good

Overall 75.2 · Older than most nearby homes

1,583 sqft (top 31%) · Built in 1915 (60 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 dining spot, 1 school, 2 parks, and 1 place of worship nearby

ਰਹਿਣ ਵਾਲਾ ਖੇਤਰ

Near average

14% larger than neighborhood avg.

ਤਰੀਕ ਤੋਂ ਬਣਿਆ

Below average

60 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

75.2 is composed by the two sections below.

Property Score

67.2Good
ਰਹਿਣ ਵਾਲਾ ਖੇਤਰ79
1,583 sqftGood
ਤਰੀਕ ਤੋਂ ਬਣਿਆ16
1915Low
ਜ਼ਮੀਨ97
10,042 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

ਕਮਿਊਨਿਟੀ ਵਿਕਰੀ ਅੰਕੜੇ

Varsity View

How to read: Share of sales in each ~$50k price band for “varsity view” (ਡੀਟੈਚਡ ਘਰ (ਕੋਂਡੋ ਨਹੀਂ), 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.

ਰੈਂਕਿੰਗ

ਰਹਿਣ ਵਾਲਾ ਖੇਤਰ

ਔਸਤ ਤੋਂ ਉੱਪਰ
1,583 sqft
0255075100
Same streetਟਾਪ 15%Same areaਟਾਪ 31%Citywideਟਾਪ 26%
Same street · Elmhurst Road
#36 / 242
ਟਾਪ 15% · ਔਸਤ 1,247 sqft
Same area · Varsity View
#261 / 848
ਟਾਪ 31% · ਔਸਤ 1,387 sqft
Citywide · ਵਿਨੀਪਿਗ
#50,983 / 194,458
ਟਾਪ 26% · ਔਸਤ 1,342 sqft

ਮੁਲਾਂਕਣ ਮੁੱਲ

ਔਸਤ
347k
0255075100
Same streetਹੇਠਲੇ 34%Same areaਹੇਠਲੇ 27%Citywideਹੇਠਲੇ 45%
Same street · Elmhurst Road
#159 / 242
ਹੇਠਲੇ 34% · ਔਸਤ 393.7k
Same area · Varsity View
#621 / 848
ਹੇਠਲੇ 27% · ਔਸਤ 444.7k
Citywide · ਵਿਨੀਪਿਗ
#106,636 / 194,458
ਹੇਠਲੇ 45% · ਔਸਤ 390.1k

ਤਰੀਕ ਤੋਂ ਬਣਿਆ

ਔਸਤ ਤੋਂ ਹੇਠਾਂ
1915
0255075100
Same streetਹੇਠਲੇ 2%Same areaਹੇਠਲੇ 1%Citywideਹੇਠਲੇ 11%

ਜ਼ਮੀਨ

ਔਸਤ ਤੋਂ ਉੱਪਰ
10,042 sqft
0255075100
Same streetਟਾਪ 19%Same areaਟਾਪ 16%Citywideਟਾਪ 6%

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.

ਆਵਾਜਾਈ ਅਤੇ ਪੈਦਲ ਚੱਲਣਯੋਗਤਾ

ਨੇੜੇ ਦੇ ਸਟਾਪ, ਰੂਟ ਅਤੇ ਟ੍ਰਾਂਜ਼ਿਟ ਸਕੋਰ

Nearby Amenities

Dining, education, healthcare, shopping & more

398 Elmhurst Road — 5 amenities found within 500 m, across 4 categories, including 1 dining (nearest 477 m), 1 education (nearest 380 m), 2 parks (nearest 420 m).

Search radius
🍽️Dining1
🏫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%

ਵਿਕਰੀ ਦਾ ਇਤਿਹਾਸ

6/2021 ਵਿਚ ਵਿਕਿਆCA$350k–400k
ਵਿਕਰੀ ਮੁੱਲ

ਉਹੀ ਸਟ੍ਰੀਟ

ਟਾਪ 30%

ਉਹੀ ਇਲਾਕਾ

ਟਾਪ 45%

ਪੂਰਾ ਸ਼ਹਿਰ

ਟਾਪ 35%

Related homes

ਵਿਨੀਪਿਗ 398 Elmhurst Road — ਵਿਸ਼ੇਸ਼ਤਾ ਅਤੇ ਸੰਬੰਧਿਤ ਸਵਾਲ

Property Overview

This 1915-built one-and-a-half storey home in Varsity View offers a rare combination of a central location and substantial outdoor space. Its primary appeal lies in its expansive 10,042 sqft lot, which is significantly larger than most in the area, providing exceptional privacy and potential for gardens, recreation, or expansion. The home itself, with 1,583 sqft of living space, ranks above average for size within its community and across Winnipeg. While the house is over a century old and features an unfinished basement, it presents a solid foundation for customization. This property is ideally suited for buyers who value land size over turn-key condition—specifically, those looking for a long-term family home with room to grow, or investors/renovators who see value in the lot's potential and the character of a well-located heritage-era property. Its strong rankings for lot and living space size, contrasted with its lower ranking for age, highlight a classic trade-off: the opportunity to shape a home to your tastes, anchored by a uniquely large parcel of land in a sought-after neighbourhood.

Key Questions for Consideration

  1. What does the "one-and-a-half storey" design typically mean for this era of home?
    This style often features a main floor with principal rooms and a second floor under sloped rooflines, creating cozy bedrooms with character. Buyers should be prepared for potentially unique layouts and ceiling heights on the upper level, which are part of the home's historic charm.

  2. The lot is exceptionally large. Are there any restrictions on how it can be used?
    While the data highlights the lot's size as a major asset, prospective buyers must verify zoning bylaws with the city to understand permissible uses, such as building additions, secondary suites, or other structures, to fully realize the property's potential.

  3. How might the 2021 sale price compare to today's value?
    The 2021 sale at $393,000, above the current assessed value of $347,000, reflects a past market snapshot. Current value will be influenced by market conditions, the property's unchanged state, and its unique lot advantage. It serves as a reference point, not a current valuation.

  4. The home ranks very low for age. What should I be prepared for?
    Ranking in the bottom 10% for age in Winnipeg means major systems (like plumbing, electrical, or the roof) may require inspection, updating, or imminent replacement. Budgeting for these updates is as important as planning for cosmetic renovations.

  5. The basement is unfinished. Is it a full foundation and is it suitable for finishing?
    An unfinished basement in a 1915 home offers storage and mechanical space. A key question is the foundation type (stone, concrete), ceiling height, and moisture condition, which will determine the feasibility and cost of future development into living space.