Property score
85.2
Excellent
Overall 85.2 · Larger and newer than most nearby homes
1,866 sqft (top 17%) · Built in 2002 (27 yrs newer than avg)
Located in a high-income area with median household income of ~105k
Transit 60.0 · 11-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 1 school, 1 healthcare facility, and 2 parks nearby
Living Area
Above average
35% larger than neighborhood avg.
Year Built
Above average
27 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
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85.2 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
7 Collett Cove — 6 amenities found within 500 m, across 5 categories, including 1 dining (nearest 429 m), 1 education (nearest 318 m), 1 healthcare (nearest 493 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 20% | Top 28% | Top 21% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This home at 7 Collett Cove is a well-established, two-story cabover design built in 2002, situated on a generous, nearly 6,000 sqft lot in Varsity View. Its key appeal lies in offering a balanced, move-in-ready package with a finished basement and attached garage. The data suggests a property that outperforms most of Winnipeg in terms of assessed value and lot size, indicating a solid investment in a desirable location. It particularly suits buyers looking for a family home in a mature neighbourhood who value space and stability over brand-new construction, and who appreciate a home that has held its value well relative to the broader market.
Key Characteristics & Suitability
Frequently Asked Questions
1. What does "cabover" (CABOVER) mean for the home's layout?
A cabover design typically features a prominent front-facing garage with living space built directly over it. This often results in a distinctive street presence and can allow for efficient use of the lot depth.
2. How should I interpret the various ranking percentages provided?
These rankings compare this specific property against others on its street, in Varsity View, and across all of Winnipeg for metrics like lot size, age, and assessed value. For example, ranking in the top 5% of Winnipeg for assessed value is a strong indicator of its perceived worth relative to the market.
3. The 2019 sale price seems much lower than the current assessment. What does this indicate?
This suggests significant market appreciation over the past five years. It highlights the importance of a current professional appraisal and market analysis to understand today's fair market value, which can differ from the municipal assessment used for tax purposes.
4. What are the advantages of a home built in 2002 versus an older or newer one?
A 2002 build offers a modern floor plan and infrastructure (like wiring and plumbing) while being past the initial "shrinkage" settling period of brand-new homes. Major components like the roof or furnace may be nearing their typical lifespan, so a thorough inspection is advised.
5. The lot is large, but is the backyard usable space?
While the total lot is nearly 6,000 sqft, the cabover design and front garage consume a portion of it. Prospective buyers should view the property to gauge the actual size, layout, and sun exposure of the private backyard space for gardens, play areas, or entertaining.
