Property score
61.1
Fair
Overall 61.1 · Newer than most nearby homes
905 sqft (bottom 45%) · Built in 1978
Located in a high-income area with median household income of ~92k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 4 dining spots, 2 schools, 1 healthcare facility, and 1 shop nearby
Living Area
Near average
3% smaller than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 77%Tagalog · 3%
Past 10 years Varsity View sales snapshot (~80% of all data)
45
151.3k
$181/sqft
1978
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61.1 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” (Condos, 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: #46111103
$92K
Median household income
$131K
Average household income
6%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.8
P90 / P10 ratio
29%
Single-person households
30%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
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
406-3941 Grant Avenue — 11 amenities found within 500 m, across 6 categories, including 4 dining (nearest 109 m), 2 education (nearest 222 m), 1 healthcare (nearest 273 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%
406-3941 Grant Avenue: 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
This 905 sqft condo unit, built in 1978, is located in Winnipeg's sought-after Varsity View neighbourhood. Its primary appeal lies in its exceptional location and relative value within a high-demand area. The property ranks in the top tier for its location, surpassing 100% of comparable listings within both the immediate community and the entire city of Winnipeg, indicating a highly desirable setting, likely near the University of Manitoba or other key amenities. However, its smaller size and older building date place it in a more moderate position for those specific metrics. With no basement or garage, it suits buyers looking for a low-maintenance lifestyle. The assessed value positions it as a potentially accessible entry point into a premium neighbourhood, making it a compelling option for first-time buyers, investors seeking a rental property in a stable academic area, or downsizers prioritizing location over square footage. It’s a practical choice for someone whose lifestyle is oriented outward—toward the community, campus, and city—rather than centered on extensive private indoor or outdoor space.
Key Questions for Consideration
What do the "top 0%" location rankings actually mean?
This indicates the unit's address is among the most desirable within Varsity View and Winnipeg overall, typically driven by proximity to universities, transit, or amenities. It's the property's strongest asset.
Are there any major capital projects planned for the building?
Given the building's age (48 years), it is crucial to inquire about the status of the reserve fund and if any special assessments for significant repairs (like roofing, windows, or plumbing) are anticipated or underway.
What is the condo fee, and what does it cover?
Understanding the monthly fee and its inclusions (heat, water, building insurance, common area maintenance) is essential for evaluating the true monthly cost and value.
How does the lack of in-suite laundry or a dedicated parking spot impact daily living?
The listing notes no garage; confirm if there is assigned surface parking, a rented spot, or only street parking. Also, verify the setup for laundry facilities (communal or in-suite).
What is the mix of owners versus renters in the building?
A higher proportion of owner-occupants can often contribute to greater stability and care for the property, which can affect both lifestyle and future resale value.
