Property score
76.8
Good
Overall 76.8 · Compared with neighbourhood average
1,323 sqft (top 45%) · Built in 1973 (2 yrs older than avg)
Located in a high-income area with median household income of ~105k
Transit 80.0 · 5-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 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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76.8 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
404 Elmhurst Road — 5 amenities found within 500 m, across 4 categories, including 1 dining (nearest 462 m), 1 education (nearest 369 m), 2 parks (nearest 440 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%
404 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, one-storey home in Varsity View sits on a large, approximately 7,800 sqft lot, offering a rare sense of space within the city. Its 1,323 sqft of living space includes a finished basement, providing practical room to grow. The home’s core appeal lies in this combination of a generous, established lot and a functional, low-maintenance layout—a increasingly hard-to-find pairing in mature neighbourhoods. Its strong rankings, particularly outperforming 88% of Winnipeg homes for lot size and 69% for assessed value, signal a property with solid fundamentals.
It would suit buyers looking for a grounded, long-term home in a sought-after area, prioritizing land over a modernized interior. It’s an ideal canvas for those who envision gradual updates or an expansion, where the true value is in the underlying asset—the land and location—rather than turn-key finishes. It also appeals to downsizers seeking single-level living without compromising on outdoor space.
Frequently Asked Questions
1. What does the "finished basement" entail?
The listing confirms a finished basement, which adds valuable flexible space. Prospective buyers should verify the finish quality, ceiling height, and whether it includes a proper egress, as finishes in a 1970s home can range from basic rec rooms to more fully developed living areas.
2. How does the 53-year-old building age impact the purchase?
While the home ranks newer than most on its street, a 1973 build means essential systems (roof, wiring, plumbing, windows) are likely at or beyond their typical lifespan. A thorough inspection is crucial, and budgeting for updates should be part of the planning. The age, however, is reflected in the character and established lot you gain.
3. The lot is large, but how is it oriented and shaped?
The nearly 7,800 sqft lot is a major feature. Understanding its orientation (for sun exposure), topography, and any unusual dimensions is key. A south-facing backyard, for instance, would be a significant advantage for gardens and outdoor living.
4. What is the realistic potential for expansion or renovation?
The large lot and one-storey design could allow for a lateral addition or a second-storey expansion, subject to zoning bylaws. This is a core value proposition for buyers willing to invest in customization over time.
5. Why is the assessed value notably higher than many Winnipeg homes?
The assessment reflects the desirable Varsity View location combined with the substantial lot size. It’s a useful benchmark for property taxes and indicates the city’s valuation of the property’s underlying assets, though market value can differ based on condition and current market trends.
