Property score
66.4
Good
Overall 66.4 · Smaller and older than most nearby homes
1,039 sqft (bottom 25%) · Built in 1955 (20 yrs older 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
Below average
25% smaller than neighborhood avg.
Year Built
Below average
20 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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66.4 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
450 Elmhurst Road — 7 amenities found within 500 m, across 6 categories, including 2 dining (nearest 361 m), 1 education (nearest 324 m), 1 healthcare (nearest 390 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 | Bottom 15% | Bottom 20% | Bottom 35% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 450 Elmhurst Road, Varsity View, Winnipeg
Key Characteristics & Appeal
This is a well-established, one-storey home on a large, mature lot in the sought-after Varsity View neighbourhood. Built in 1955, its primary appeal lies in its location and the solid foundation it offers. The home features a renovated basement, adding valuable living space to the 1,039 sqft main floor. With no garage, the expansive 6,318 sqft lot presents a significant opportunity for gardening, expansion, or adding a future garage.
The property’s strength is its balanced positioning within a prime area. It sits on a larger-than-average lot for the street and neighbourhood, while its assessed value is firmly in the middle range for comparable homes. This suggests a property that is not over-improved for its setting, making it a practical entry point into a desirable community known for its proximity to the University of Manitoba.
This home would suit a first-time buyer or a downsizer looking for a manageable single-level layout in a mature, stable neighbourhood. It’s also a potential fit for a buyer who values land size over a large interior footprint, seeing the lot as a long-term asset for outdoor enjoyment or future investment.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A professional inspection is recommended to determine the quality, compliance with permits, and whether it includes a legal secondary suite or additional bedrooms.
2. How does the lack of a garage affect daily life and value?
While some buyers may see this as a drawback, the large lot provides ample space to add a garage or carport, subject to local bylaws. For others, it simplifies maintenance. The trade-off is more yard space versus immediate sheltered parking, which is reflected in the home’s value relative to nearby properties with garages.
3. The home sold for $29k in 2016. Why is the assessed value now $34.6k?
The 2016 sale price is a historical data point and not an indicator of current market value. The assessed value is a municipal valuation for tax purposes, calculated using mass appraisal techniques and market trends. It is not equivalent to a market appraisal or listing price but shows its standing relative to neighbours.
4. The home is older. What should I budget for maintenance?
As a home built in 1955, proactive maintenance is key. Budgeting for updates to major aging components—like the roof, windows, plumbing, or electrical systems—is wise. The renovated basement is a positive, but ensuring those renovations are sound and up to code is important.
5. How does this property compare to others in Varsity View?
The home offers a classic Varsity View location on a large lot, but with a more modest living area and without a garage. It represents a different value proposition than newer, larger, or fully renovated homes in the area. It’s best compared to other one-storey homes on similar lots, balancing location benefits with potential update costs.
