405 Lynbrook Drive

Varsity View, Winnipeg

Property score

80.2

Excellent

Overall 80.2 · Compared with neighbourhood average

1,545 sqft (top 33%) · Built in 1978 (3 yrs newer 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, 1 park, and 1 place of worship nearby

Living Area

Near average

11% larger than neighborhood avg.

Taon ng Paggawa

Near average

3 yrs newer than neighborhood avg.

Mother tongue

English · 79%Tagalog · 3%

Past 10 years Varsity View sales snapshot (~80% of all data)

Sold Count

281

Median price

492k

$/sqft

$398/sqft

Avg build year

1975

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Property score

80.2 is composed by the two sections below.

Property Score

75.6Good
Living Area1,545 sqft79Good
Taon ng Paggawa197867Good
Lupa6,834 sqft85Excellent
Neighbourhood Sales Activity42Low

Community Score

87.1Excellent
Household Income87Excellent
Education Level91Excellent
Housing Stress83Excellent
Core Housing Need88Excellent
Employment Health83Excellent

Istatistika ng benta ng komunidad

Varsity View

How to read: Share of sales in each ~$50k price band for “varsity view” (Detached na bahay (hindi condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110350

Community deep dive

$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

Population, labour & age

Population (2021)742
Labour force participation rate70%
Median age40.4
Avg household size2.5
Unemployment rate3%
Population density3091 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households26%
Couple families with children34%
Median household income (2020)$105K

Housing

Renter households26%
Condominium dwellings0%
Median dwelling value (owners)$424K

Diversity, education & language

Immigrants (share of pop.)15%
Visible minority18%
Bachelor's or higher (25–64)53%
Mother tongue (1st)English · 78%
Mother tongue (2nd)Tagalog · 2%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Mga ranggo

Living Area

lampas sa average
1,545 sqft
0255075100
Same streetTop 21%Same areaTop 33%CitywideTop 28%
Same street · Lynbrook Drive
#18 / 85
Top 21% · Avg 1,266 sqft
Same area · Varsity View
#280 / 848
Top 33% · Avg 1,387 sqft
Citywide · Winnipeg
#54,516 / 194,458
Top 28% · Avg 1,342 sqft

Assessed Value

lampas sa average
434k
0255075100
Same streetTop 28%Same areaTop 42%CitywideTop 31%
Same street · Lynbrook Drive
#24 / 85
Top 28% · Avg 406.4k
Same area · Varsity View
#354 / 848
Top 42% · Avg 444.7k
Citywide · Winnipeg
#60,733 / 194,458
Top 31% · Avg 390.1k

Taon ng Paggawa

lampas sa average
1978
0255075100
Same streetTop 26%Same areaTop 38%CitywideTop 35%

Lupa

lampas sa average
6,834 sqft
0255075100
Same streetTop 48%Same areaBottom 48%CitywideTop 18%

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.

Transit & Walkability

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

405 Lynbrook Drive — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 495 m), 1 parks (nearest 496 m).

Search radius
🏫Education1
🌳Parks1
Worship1

Crime & Safety

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%

Kasaysayan ng Benta

Naibenta 7/2019CA$350k–400k
Presyo ng benta

Parehong kalye

Top 43%

Parehong lugar

Bottom 49%

Buong lungsod

Top 39%

Related homes

Mga tampok at karaniwang tanong: 405 Lynbrook Drive, Winnipeg

Property Overview: 405 Lynbrook Drive

Key Characteristics & Appeal

This 1978 four-level split home in Varsity View offers a well-established and spacious family living environment on a large, 6,834 sqft lot. Its key features include a finished basement, an in-ground pool, and a split garage. With 1,545 sqft of living space, the home ranks above average in size for its street, neighborhood, and the wider city, providing ample room.

The appeal lies in its proven, mature neighborhood setting combined with private recreational amenities. The pool is a standout feature for summer enjoyment and entertainment, while the expansive lot offers potential for gardening, play, or future expansion. The home’s rankings indicate it is a competitively sized and valued property within Winnipeg, particularly standing out in city-wide comparisons for lot size and overall value.

This property would best suit buyers looking for a ready-to-enjoy family home with outdoor living features, who value established communities over new developments. It’s ideal for those who appreciate having private leisure space (the pool) and a large yard, and are comfortable with the maintenance and character of a home from the late 70s. It represents a solid opportunity for a buyer seeking more space and land than a typical newer home at a similar price point might offer.

Frequently Asked Questions

1. What is the typical utility cost for a home of this age and size?
While specific costs vary, buyers should budget for utilities consistent with a 1,545 sqft home built in the 1970s. The in-ground pool will also contribute to seasonal water and maintenance costs.

2. Are there any known issues common to homes built in this era?
As with any home nearly 50 years old, a thorough inspection is essential. Potential areas of focus could include the original roof, windows, plumbing, and electrical systems to assess their current condition and remaining lifespan.

3. How does the split garage configuration work?
A "split garage" typically means a two-car garage where the bays are separated by a wall or are slightly offset, which can offer more flexible storage or workspace compared to a single, wide opening.

4. What is the neighborhood vibe in Varsity View?
Varsity View is a mature, established neighborhood near the University of Manitoba. It offers a quiet, residential feel with a mix of long-term residents and families, benefiting from proximity to academic and recreational facilities.

5. The home ranks highly for lot size. What are the implications?
A lot size ranking in the top 18% city-wide means you are getting significantly more land than most Winnipeg properties. This provides greater privacy, outdoor space, and potential, but also entails more yard maintenance and responsibility.

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