Property Summary
Key Characteristics & Appeal
This 924 sqft home, built in 1977, presents a compelling value proposition in the Varsity View neighborhood. Its primary appeal lies in its strong position on Princeton Boulevard, where it stands out for being newer than its immediate peers and offering above-average living space for the street. This creates a "big fish in a small pond" scenario: while the home is around average in broader comparisons, it is a top-tier property on its own block.
The property is ideally suited for first-time buyers or value-focused investors seeking an entry point into a well-established neighborhood. The below-average assessed value relative to both the wider neighborhood and the city suggests a potentially lower property tax burden and an opportunity for equity growth through updates. It’s a practical choice for those who prioritize the character and stability of a mature street over a brand-new build, and who see the value in a home that already outperforms its direct neighbors in key areas like size and age.
Frequently Asked Questions
Q: How does this home’s value compare to the area?
A: Its assessed value is below the averages for both Varsity View and Winnipeg as a whole, but is around average for Princeton Boulevard itself. This indicates you’re paying less than the wider market rate for a home that is actually superior to many on its own street.
Q: Is the living space sufficient for a small family?
A: At 924 sqft, the living area is above the average for Princeton Boulevard and on par with the Varsity View average. It is a functional size for a starter family or couple, though it is slightly below the citywide average for comparable homes.
Q: What does the "Elite" ranking for year built mean?
A: Built in 1977, this home is the newest among the 30 comparable properties on Princeton Boulevard. On its own street, it likely benefits from slightly more modern construction materials and systems than its neighbors.
Q: Are property taxes likely to be high here?
A: Property taxes are based on assessed value. Since this home’s assessment is below the neighborhood and city averages, the tax bill should reflect that lower valuation, which is a financial advantage.
Q: Does the below-average citywide ranking mean it’s a poor property?
A: Not at all. Citywide rankings include a vast range of homes. Its "below average" city ranking in value primarily highlights Winnipeg’s significant number of newer, higher-valued subdivisions. This home’s strength is its very competitive standing within its immediate, established location.