Property score
69.8
Good
Overall 69.8 · Compared with neighbourhood average
1,085 sqft (bottom 31%) · Built in 1970 (5 yrs older than avg)
Located in a high-income area with median household income of ~105k
Transit 82.0 · 2-min walk to transit with 2 nearby routes · Within 500m: 4 dining spots, 1 school, 1 healthcare facility, and 1 shop nearby
Living Area
Below average
22% smaller than neighborhood avg.
Year Built
Below average
5 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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69.8 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
457 Laxdal Road — 11 amenities found within 500 m, across 7 categories, including 4 dining (nearest 170 m), 1 education (nearest 140 m), 1 healthcare (nearest 220 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 12% | Bottom 19% | Bottom 34% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 457 Laxdal Road, Varsity View, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-situated, single-storey home on a remarkably large, 10,188 sqft lot in the established Varsity View neighborhood. Its primary appeal lies in the combination of a generous, private yard—a rarity in the city—and a practical, move-in-ready layout featuring a finished basement. The 1970-built home offers 1,085 sqft of living space, presenting a solid foundation for comfortable living or future customization.
The property’s standout strength is its land value and location. It ranks in the top 6% of Winnipeg for lot size, offering immense potential for gardening, recreation, or expansion. While the home itself is modest in size and era, its rankings for lot size consistently outperform its age and assessment value rankings, suggesting the land itself is a significant asset. This home would perfectly suit first-time buyers or downsizers seeking a low-maintenance, single-level floorplan in a prime area without sacrificing outdoor space. It’s also an astute choice for a long-term buyer who values the future potential of the land as much as the current structure.
Section 2: Frequently Asked Questions
1. What is the true value proposition here?
The value is heavily weighted toward the land. You are purchasing one of the larger lots in Winnipeg, in a desirable central neighborhood, with a liveable house included. It's an opportunity to secure a premium location with options for the future.
2. What does the "finished basement" entail?
The listing confirms a finished basement, but specifics on layout, ceiling height, permits, and moisture control should be verified through a viewing and inspection, as these factors greatly affect usability and value.
3. How does the 2020 sale price compare to the current asking price?
The home sold for $285,000 in late 2020. The current assessed value is $342,000. This gap reflects market changes over nearly four years and the assessed value, not necessarily the list price. A market evaluation is needed to understand the current asking price strategy.
4. Is the house outdated or ready to live in?
Built in 1970, the home will likely have original or older components (like windows, roof, mechanical systems) that require evaluation. The finished basement suggests livability, but a home inspection is crucial to understand the condition and any immediate or upcoming investments needed.
5. Why are the rankings for lot size so strong, but others are average?
This highlights the property's profile. It has an elite-sized lot (top 6% in Winnipeg) but a house that is average in size and age for its area. This is common for older neighborhoods and indicates a property where the land constitutes a larger portion of the overall value.
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