Property score
72.3
Good
Overall 72.3 · Compared with neighbourhood average
1,183 sqft (bottom 41%) · Built in 1970 (5 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
Near average
15% smaller than neighborhood avg.
Year Built
Below average
5 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
401 Laxdal Road — 10 amenities found within 500 m, across 7 categories, including 3 dining (nearest 340 m), 1 education (nearest 213 m), 1 healthcare (nearest 413 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%
401 Laxdal Road: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 401 Laxdal Road, Varsity View, Winnipeg
Key Characteristics & Appeal
This 1970-built, one-storey home sits on a large, 8,152 sqft lot in the established Varsity View neighbourhood. With 1,183 sqft of living space, a finished basement, and a detached garage, it offers practical, single-level living. Its primary appeal lies in its exceptional lot size—ranking in the top 11% of all Winnipeg properties—offering rare potential for expansion, gardening, or outdoor enjoyment within the city. The home’s overall metrics, particularly its land value and size ranking, suggest a "good bones" property where the underlying asset (the land) is a significant driver of value.
It would suit a practical buyer looking for a long-term home with room to grow, whether that means future renovations, adding a suite, or simply having generous private outdoor space. It’s also a fit for those who value the mature, central location of Varsity View and are comfortable with a home that may require updates over time. A less obvious perspective is that this property represents a balance: it’s not the newest or largest house, but its above-average land holding in a desirable area provides a stable foundation for equity, appealing to the strategic, patient owner.
Frequently Asked Questions
1. What does the ranking data actually tell me?
The rankings show how this property compares to others in its immediate area and citywide. For example, being in the top 11% for lot size in Winnipeg is a standout feature, while other metrics like age and living area are more average for the neighbourhood, helping you understand its relative strengths.
2. Is the finished basement included in the 1,183 sqft living area?
Typically, the listed "living area" refers to above-grade, finished space. The finished basement is an additional asset, providing extra usable rooms or recreational space not reflected in that main square footage figure.
3. What is the neighbourhood of Varsity View like?
Varsity View is a central, mature neighbourhood known for its tree-lined streets, proximity to the University of Manitoba, and a mix of classic residential character with convenient access to amenities and major routes.
4. What might "good bones" mean for a 1970s home?
It often indicates a structurally sound home with a functional layout and a valuable lot, but where interior finishes, windows, or mechanical systems (like roof, furnace) may be original or dated and could factor into your planning and budget.
5. How should I interpret the assessment value versus the listing price?
The municipal assessment ($376,000) is for tax purposes and reflects a mass appraisal model from a prior date. The listing price is set by the seller based on current market conditions. A comparative market analysis from your agent is essential to understand the true market value.
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