Property score
84.3
Excellent
Overall 84.3 · Larger and newer than most nearby homes
1,764 sqft (top 22%) · Built in 1988 (13 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 park, and 1 place of worship nearby
Living Area
Above average
27% larger than neighborhood avg.
Year Built
Above average
13 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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84.3 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 Lynbrook Drive — 2 amenities found within 500 m, across 2 categories, including 1 parks (nearest 479 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 10% | Top 7% | Top 6% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 401 Lynbrook Drive
Section 1: Key Characteristics & Appeal
This two-storey home in Varsity View presents a compelling opportunity for buyers seeking a well-established property with strong fundamentals. Built in 1988, it sits on a generous 7,329 sqft lot, offering ample outdoor space that is increasingly rare in mature neighbourhoods. With 1,764 sqft of living space and a finished basement, it provides practical room for a family.
The home’s primary appeal lies in its standout position within a desirable, centrally-located community. The data reveals its competitive edge: it ranks within the top 20% of its neighbourhood for lot size, living area, and recent sold price. Notably, its 2024 sale price of $628,000 significantly surpassed its assessed value, indicating strong market confidence and potential for value growth. This is a property that outperforms most peers in Winnipeg for key metrics like lot size and value.
It would best suit buyers who prioritize location and land size over a brand-new build. It’s ideal for a family looking to put down roots in a proven area, or for a value-conscious buyer who sees the potential in a solid, late-80s home on a large lot, possibly with future renovation plans in mind.
Section 2: Frequently Asked Questions
1. How does the recent sale price compare to the assessment?
The home sold for $628,000 in June 2024, which is approximately $100,000 above its most recent assessed value of $528,000. This typically reflects strong buyer demand and perceived value in the current market.
2. What does the "ranking" data actually mean?
The rankings show how this property compares to others in its immediate street, the Varsity View neighbourhood, and all of Winnipeg. For example, ranking in the "top 14%" in Winnipeg for lot size means 86% of Winnipeg properties have a smaller lot. It’s a quick way to see its relative strengths.
3. Is the large lot a common feature in this area?
No, it's a distinct advantage. With a 7,329 sqft lot, this property surpasses 62% of homes on its own street and 86% of all homes in Winnipeg for lot size, offering more private outdoor space than is typical.
4. The home was built in 1988. What should I consider?
A home of this age is likely to have seen updates but may also require attention to original components like windows, roof, or major systems. A thorough inspection is essential to understand the condition and plan for any maintenance or modernization.
5. There's no garage. How does that impact value and usage?
The lack of a garage is a trade-off for the large lot. It affects convenience and storage, but the lot size provides flexibility. Buyers could consider the cost and feasibility of adding a garage or workshop in the future, which the lot space could readily accommodate.
