Property score
79.2
Good
Overall 79.2 · Compared with neighbourhood average
1,544 sqft (top 33%) · 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
11% 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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79.2 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
398 Lynbrook Drive — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 455 m), 2 parks (nearest 483 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 47% | Bottom 49% | Top 40% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 398 Lynbrook Drive
Key Characteristics & Appeal
This is a well-maintained four-level split home built in 1978, situated on a generous, mature lot in the established Varsity View neighbourhood. With 1,544 sqft of living space and a finished basement, it offers practical, multi-level living. The home’s standout feature is its strong relative positioning within the local market: it ranks above average in Winnipeg for both lot size and living area, suggesting a property that offers more space than many others in the city. Its appeal lies in this combination of a prime, quiet location near the University of Manitoba, a sizable and private yard, and a layout that provides clear separation between living and sleeping areas.
It would particularly suit buyers looking for a solid, move-in-ready home in a sought-after academic community, who value space and location over a brand-new build. It’s a pragmatic choice for a growing family, a professional, or an investor attracted by the steady rental demand near the university. A less obvious perspective is that homes from this era often feature robust construction and larger room proportions than some newer builds, while the high ranking for lot size indicates lasting value and potential for outdoor enjoyment or future landscaping projects.
Frequently Asked Questions
1. What is a four-level split layout like?
This style creates distinct zones across four half-levels, typically separating living, dining, sleeping, and recreational spaces. It offers more privacy and definition between areas than an open-concept bungalow, but with fewer stairs between main floors than a traditional two-storey.
2. How does the “ranking” data work?
The percentages show how this property compares to others. For example, ranking in the “top 26%” for living area in Winnipeg means 74% of city homes have less interior space. It’s a quick way to see this home’s competitive strengths in key metrics like size and age.
3. Is the finished basement included in the 1,544 sqft living area?
Typically, the listed living area (sqft) refers to above-grade space. The finished basement provides additional usable rooms but is usually not counted in that official figure, adding to the home’s total functional space.
4. The home was last sold in 2021. What does that mean for a buyer today?
It indicates a relatively recent turnover, suggesting the current owners have likely undertaken modern updates. It’s worthwhile to inquire about any improvements made since 2021, as they may not be fully reflected in the older assessment value.
5. What are the advantages of a mature neighbourhood like Varsity View?
Beyond the obvious proximity to the university, established neighbourhoods feature mature trees, settled community dynamics, and known property values. The trade-off is that homes are older, so a thorough inspection to understand the condition of major systems (roof, windows, furnace) is essential.
