447 Elmhurst Road

Varsity View, Winnipeg

Property score

85.7

Excellent

Overall 85.7 · Larger and newer than most nearby homes

1,815 sqft (top 19%) · Built in 1990 (15 yrs newer than avg)

Located in a high-income area with median household income of ~105k

Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 2 dining spots, 1 school, 1 healthcare facility, and 1 park nearby

Living Area

Above average

31% larger than neighborhood avg.

Year Built

Above average

15 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

85.7 is composed by the two sections below.

Property Score

84.7Excellent
Living Area89
1,815 sqftExcellent
Year Built78
1990Good
Lot Size91
7,500 sqftExcellent
Neighbourhood Sales Activity42
Low

Community Score

87.1Excellent
Household Income87
Excellent
Education Level91
Excellent
Housing Stress83
Excellent
Core Housing Need88
Excellent
Employment Health83
Excellent

Neighbourhood Sales

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.

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.

Rankings

Living Area

above average
1,815 sqft
0255075100
Same streetTop 8%Same areaTop 19%CitywideTop 17%
Same street · Elmhurst Road
#19 / 242
Top 8% · Avg 1,247 sqft
Same area · Varsity View
#165 / 848
Top 19% · Avg 1,387 sqft
Citywide · Winnipeg
#32,413 / 194,458
Top 17% · Avg 1,342 sqft

Tax-Assessed Value

above average
519k
0255075100
Same streetTop 9%Same areaTop 28%CitywideTop 17%
Same street · Elmhurst Road
#22 / 242
Top 9% · Avg 393.7k
Same area · Varsity View
#238 / 848
Top 28% · Avg 444.7k
Citywide · Winnipeg
#32,778 / 194,458
Top 17% · Avg 390.1k

Year Built

above average
1990
0255075100
Same streetTop 11%Same areaTop 23%CitywideTop 22%

Lot Size

above average
7,500 sqft
0255075100
Same streetBottom 49%Same areaTop 44%CitywideTop 13%

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

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

447 Elmhurst Road — 7 amenities found within 500 m, across 6 categories, including 2 dining (nearest 424 m), 1 education (nearest 384 m), 1 healthcare (nearest 451 m).

Search radius
🍽️Dining2
🏫Education1
🏥Healthcare1
🌳Parks1
🏦Finance1
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%

Sales History

447 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.

Related homes

Highlights & common questions: 447 Elmhurst Road, Winnipeg

Property Overview

This 1990-built two-storey home in Varsity View offers a blend of established neighborhood character and above-average modern space. Its key appeal lies in its generous 7,500 sqft lot and a finished basement, providing ample room for both indoor living and outdoor enjoyment. The home ranks highly within Winnipeg for its lot size, living area (1,815 sqft), and assessed value, indicating it is a substantial property relative to the broader market. It particularly suits buyers looking for a family home in a mature, academic-adjacent community who prioritize space over a brand-new build. A thoughtful perspective is that while the home is 36 years old, its construction date is newer than most in its immediate area, potentially offering more contemporary layouts and systems than older neighboring homes, yet still with the established trees and character of the neighborhood.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings show how this property compares to others. For example, being newer than 89% of homes on its street suggests well-maintained, modernized homes are the norm there, which is positive for value.

2. Is the finished basement included in the 1,815 sqft living area?
Typically, municipal living area (sqft) refers to above-grade space. The finished basement is an additional bonus area not reflected in that primary square footage figure.

3. What is the neighborhood vibe of Varsity View?
As the name implies, it's near the University of Manitoba, attracting a mix of academics, students, and families. It offers a quiet, established setting with convenient access to amenities and transit.

4. How might the age of the home (1990) affect maintenance?
Homes from this era often have updated building materials and standards compared to mid-century builds, but key components like the roof, windows, and major mechanical systems may be nearing or due for proactive assessment and updates.

5. Why is the lot size a significant feature?
At 7,500 sqft, the lot is larger than average for Winnipeg. This provides valuable outdoor space for gardening, recreation, or future additions like a deck or shed, and is a key driver of the property's assessed value.