Property score
79.1
Good
Overall 79.1 · Compared with neighbourhood average
1,440 sqft (top 39%) · Built in 1981 (6 yrs newer 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 park, and 1 place of worship nearby
Living Area
Near average
4% larger than neighborhood avg.
Year Built
Near average
6 yrs newer 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
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
79.1 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” (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
421 Elmhurst Road — 4 amenities found within 500 m, across 4 categories, including 1 dining (nearest 476 m), 1 education (nearest 402 m), 1 parks (nearest 495 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 9% | Top 24% | Top 17% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 421 Elmhurst Road
Section 1: Key Characteristics & Appeal
This is a well-maintained, spacious bi-level home built in 1981, situated on a large, mature lot in the established Varsity View neighborhood. Its primary appeal lies in offering above-average space and land for the area, combined with strong value fundamentals. The home features 1,440 sqft of finished living space, including a developed basement, and sits on a 6,359 sqft lot—a significant size that provides room for gardening, play, or future expansion. Recent data shows it sold for $492,000 in December 2024, which was above its assessed value, indicating strong market recognition.
The property ranks notably well against its peers. It stands in the top quarter of Winnipeg homes for lot size and recent sale price, and its living area is larger than about 70% of city homes. This creates a compelling proposition: a home that feels roomy and private, yet is competitively priced within the broader market. It would suit practical buyers looking for a move-in-ready family home with a generous yard, or value-oriented investors attracted by its solid assessment-to-sale-price ratio and consistent rankings. It’s a home for those who prioritize indoor and outdoor space over brand-new finishes, and who appreciate the stability of a long-established neighborhood.
Section 2: Frequently Asked Questions
1. What does the bi-level design typically mean for this home?
A bi-level, or split-entry, home usually means you enter onto a landing with stairs leading both up to the main living areas and down to a lower level. This design often creates two distinct living zones, which can be great for separating family activities or accommodating multi-generational living, especially with a finished basement.
2. The home was built in 1981. What should I consider?
Homes from this era are often past the lifespan of their original major components, like the roof, windows, or furnace. While the property is clearly well-kept, a thorough inspection is key to understand the condition and age of these systems, which informs your maintenance planning and budget.
3. There’s no garage. Is that a major drawback?
This depends on your lifestyle. The large lot does offer potential for adding a garage or carport in the future, subject to local bylaws. For now, it means relying on driveway parking, which is common in the area. The trade-off is more usable yard space.
4. How meaningful are these ranking percentages?
They provide a quick, data-driven snapshot of how this property compares to others in the immediate area and citywide. For example, ranking in the top 25% in Winnipeg for lot size objectively confirms the lot is a standout feature. They are useful for gauging relative value and key metrics at a glance.
5. The sale price was higher than the assessed value. Why?
Municipal assessments for tax purposes often lag behind current market conditions. The sale price reflects what a buyer was willing to pay in the active 2024 market, likely driven by the home’s desirable lot size, living space, and overall condition, which buyers valued above the official assessment.
