Property score
65.0
Good
Overall 65.0 · Larger and newer than most nearby homes
1,042 sqft (top 11%) · 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
Above average
11% larger 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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65.0 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
408-3941 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 25% | Top 4% | Top 50% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 408-3941 Grant Avenue, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, 1,042 sqft condominium in the established Varsity View neighbourhood, built in 1978. Its primary appeal lies in a combination of location, value, and low-maintenance living. The property ranks exceptionally high for its area, placing in the top 2% of its street and the top 0% within both its community and all of Winnipeg for lot size, suggesting a desirable and potentially spacious condo layout within a sought-after building.
The unit suits first-time buyers, downsizers, or investors seeking an affordable entry into a prime academic-area neighbourhood close to the University of Manitoba. Its 2022 sale price of $230,000, above the current assessed value, indicates a history of market competitiveness. The appeal is grounded in practicality: it offers a turn-key lifestyle without yard work or major exterior upkeep, in a mature area with strong relative rankings for its age and size. A thoughtful perspective is that while the unit itself is modest in size, its superior area rankings hint at a building or complex that offers more space or better amenities than most comparable options, providing outsized value for the square footage.
Frequently Asked Questions
1. What does the "top 0%" ranking for area actually mean?
It means this specific condo unit sits on a land parcel (or within a building footprint) that is larger than 100% of comparable properties in both Varsity View and all of Winnipeg. In practical terms, this likely translates to a more generous lot for the building, potentially offering better green space, parking, or a less crowded feel than typical condos.
2. Is the 2022 sale price relevant today?
While market conditions change, that sale demonstrates the property's ability to attract competitive offers above its assessed value in the recent past. It's a useful data point showing buyer demand for well-positioned units in this complex.
3. Who is responsible for exterior maintenance and repairs?
As a condominium, the corporation is responsible for the building exterior, common areas, and major structural elements. Owners pay a monthly fee for this, which allows for a predictable, low-maintenance lifestyle.
4. The unit is older; should I be concerned about major repairs?
The building's age is typical for the area. A key step is reviewing the condominium corporation's reserve fund study and minutes to understand the long-term maintenance plan, any upcoming special assessments, and the overall financial health of the building.
5. What is the neighbourhood vibe like in Varsity View?
It's a quiet, established residential neighbourhood favoured by academics, students, and professionals due to its proximity to the University of Manitoba. It offers a suburban feel with mature trees while remaining close to urban amenities and transit routes.
