Property score
76.5
Good
Overall 76.5 · Compared with neighbourhood average
1,316 sqft (top 46%) · Built in 1973 (2 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 school, 2 parks, and 1 place of worship nearby
Living Area
Near average
5% smaller than neighborhood avg.
Year Built
Near average
2 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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76.5 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
403 Elmhurst Road — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 423 m), 2 parks (nearest 463 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%
403 Elmhurst 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 & Key Characteristics
This 1973-built, four-level split home in Varsity View offers a practical layout with 1,316 sqft of living space on a large, 7,039 sqft lot, featuring an unfinished basement and a detached garage. Its core appeal lies in a balanced offering of space, location, and value. The property ranks highly for its above-average lot size and living area compared to most of Winnipeg, positioning it as a solid, spacious option within its price range. The established neighborhood and the potential of the unfinished basement for future customization add to its long-term value.
It would suit first-time buyers or downsizers looking for a manageable home with room to grow in a central area. The large lot is a significant asset for those who value outdoor space for gardening, play, or future expansion. It’s a home for buyers who see potential in a well-located property and are comfortable with a classic split-level layout, possibly viewing the unfinished basement as a blank canvas rather than a drawback.
Frequently Asked Questions
1. What are the pros and cons of a four-level split layout?
Pros include clear separation of living and sleeping areas, often with a distinct entryway. Cons can involve more stairs between floors, which may not suit everyone. The layout typically offers good privacy for bedrooms.
2. How does the unfinished basement impact value and utility?
It presents both an opportunity and a project. It lowers the immediate move-in finish level but provides significant storage and the potential to add tailored living space, a workshop, or a recreational room according to a new owner's needs and budget.
3. The lot size is a major feature. What does that practically offer?
Beyond simple yard space, a lot of this size in an established neighborhood provides rare potential for additions like a larger garage, a garden suite (subject to zoning), or simply expansive green space that is hard to find in newer subdivisions.
4. The home is over 50 years old. What should I consider?
While the core structure is proven, a focused inspection on major aging components is wise. This includes the roof, original windows, plumbing, and electrical systems to understand any upcoming maintenance or efficiency upgrades that may be desired.
5. The assessment value is below the asking price. What does this mean?
Municipal assessments are for tax purposes and often lag behind market values. The price is set by the current market. The assessment does, however, indicate the home is valued solidly within the mid-range for the city, suggesting a reasonably priced entry point for negotiations.
