Property score
65.0
Good
Overall 65.0 · Larger and newer than most nearby homes
1,042 sqft (top 11%) · Built in 1978
Located in a high-income area with median household income of ~92k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 4 dining spots, 2 schools, 1 healthcare facility, and 1 shop nearby
Living Area
Above average
11% larger than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 77%Tagalog · 3%
Past 10 years Varsity View sales snapshot (~80% of all data)
45
151.3k
$181/sqft
1978
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65.0 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” (Condos, 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: #46111103
$92K
Median household income
$131K
Average household income
6%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
29%
Single-person households
30%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
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
401-3941 Grant Avenue — 11 amenities found within 500 m, across 6 categories, including 4 dining (nearest 109 m), 2 education (nearest 222 m), 1 healthcare (nearest 273 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 45% | Top 16% | Bottom 35% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 47% | Top 20% | Bottom 34% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 401-3941 Grant Avenue, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, 1,042 sqft condo unit in the established Varsity View neighborhood, built in 1978. Its primary appeal lies in its exceptional location and proven stability. The property ranks in the top tier for its area, surpassing 98% of homes on its street and 100% within both the broader community and all of Winnipeg for lot size, suggesting a desirable and potentially spacious setting for a condo. While the interior space is modest, it is larger than many comparable units in the city. The recent assessed value is $216,000, with a stable transaction history showing gradual appreciation over the last several years.
This home is ideally suited for first-time buyers, downsizers, or investors seeking a low-maintenance property in a prime, mature neighborhood. It appeals to those who prioritize location over a large interior footprint and value the data-backed evidence of the property's strong standing relative to its immediate surroundings. A thoughtful perspective is that while the building itself is nearly 50 years old, its consistent value and top-tier rankings indicate a well-regarded and sustainable investment within its category, offering a sense of community and established character that newer builds may lack.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in specific geographic areas. For example, ranking in the "top 0%" for lot size in Winnipeg means it sits on a larger parcel of land than virtually all other properties in the city database, which is a significant advantage for a condo, often translating to more green space or a less crowded feel.
2. Is there a garage or additional parking?
The listing specifies there is no garage. Prospective buyers should inquire about dedicated surface parking, visitor parking, and any associated bylaws or fees with the condominium corporation.
3. The building is from 1978. Are there concerns about major repairs or special assessments?
The age warrants a careful review of the condominium's reserve fund study and meeting minutes. The stable value history is positive, but a thorough examination of the building's financial health and any planned major projects (like roofing, windows, or elevator updates) is essential.
4. How are the property taxes estimated?
With an assessed value of $216,000, you can calculate an approximate annual tax amount by applying Winnipeg's current municipal tax rate. Your real estate agent or the city's website can provide the precise rate for an accurate estimate.
5. The last sale was in 2019. Why is that relevant?
The 2019 and 2016 sale prices ($195,000 and $193,000) provide a clear track record of the property's market value over time, showing steady, moderate growth. This history can be useful for understanding the market's perception of the unit and for financing appraisals.
