Property score
63.6
Fair
Overall 63.6 · Smaller and older than most nearby homes
944 sqft (bottom 15%) · Built in 1950 (25 yrs older than avg)
Located in a high-income area with median household income of ~105k
Transit 74.0 · 4-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 1 healthcare facility, and 2 parks nearby
Living Area
Below average
32% smaller than neighborhood avg.
Year Built
Below average
25 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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63.6 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
420 Elmhurst Road — 7 amenities found within 500 m, across 6 categories, including 1 dining (nearest 418 m), 1 education (nearest 340 m), 1 healthcare (nearest 465 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%
420 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 Summary: 420 Elmhurst Road
Section 1: Overview & Appeal
This is a classic 1950s one-storey home in the established Varsity View neighbourhood, offering a rare and significant lot size of over 14,300 sqft. Its primary appeal lies in this exceptional land parcel, which ranks in the top 2% of all properties in Winnipeg for size, providing immense potential for expansion, gardening, or outdoor living. The house itself is a modest 944 sqft bungalow with an unfinished basement and a detached garage, representing a solid, no-frills structure on a premier piece of land.
The property is ideally suited for two main types of buyers: first, the visionary owner-occupant who sees the long-term value in the land and is prepared to renovate or eventually rebuild to create a custom home in a sought-after location. Second, it would appeal to investors or developers who recognize the unique redevelopment potential of such a large lot in a central neighbourhood. It’s less suited for those seeking a modern, move-in-ready home without future projects in mind.
Section 2: Frequently Asked Questions
1. What does the high land ranking actually mean?
It means the lot size is exceptionally large compared to almost all other properties in Winnipeg. This is the defining feature of the home, offering privacy, space, and options that are very difficult to find in the city.
2. The house seems small and older. What would I be buying?
You are primarily purchasing the land and location. The existing home provides a functional footprint but should be viewed as having value either as a cozy, simple dwelling or as a candidate for significant renovation to match the lot's potential.
3. Is the unfinished basement a drawback?
It depends on your plans. For some, it’s a blank slate to finish as they wish. For others, it means immediate living space is limited to the main floor's 944 sqft. It’s a factor in the current price and represents both a cost and an opportunity.
4. The "neighbourhood rank" for the building's age and size is low. Is that a concern?
Not necessarily. These rankings compare the existing house to others. In an older neighbourhood like Varsity View, many homes have been expanded or fully rebuilt. This property’s lower ranking on house size confirms it is one of the original, un-renovated properties—which is precisely what creates its redevelopment appeal.
5. How should I interpret the assessment value?
The municipal assessment of $299,000 is for tax purposes and reflects the property's current state as an older home on a large lot. The market value is typically influenced by the premium buyers are willing to pay for the rare land opportunity, which may differ from the assessed value.
