109-225 Princeton Boulevard

Property Summary

Key Characteristics & Appeal

This 741 sqft home, built in 1977, presents a distinct value-oriented profile in the Varsity View neighborhood. Its primary appeal lies in its below-average price point, with an assessed value significantly lower than area and citywide averages. This creates a notable entry opportunity into a well-established neighborhood. The home is one of the newer builds on its specific stretch of Princeton Boulevard, which is a less obvious advantage suggesting potentially fewer age-related issues than immediate neighbors.

The property would suit first-time buyers or investors seeking an affordable foothold in a central Winnipeg neighborhood. It’s also a practical option for downsizers or those prioritizing location and lot value over interior square footage, as the living area is compact compared to typical homes in the area. The data suggests you are paying primarily for land and location here, with the home itself offering functional, no-frills space.

Frequently Asked Questions

1. Is this a good value for the money?
Based on the assessed value rankings, this property is priced well below its surrounding market at the neighborhood and city level, indicating a lower financial barrier to entry for the area.

2. The house seems small. Is that a concern?
The living area is below average for the street, neighborhood, and city. This suits minimalist living or those comfortable with efficient use of space, but buyers needing room to grow should consider the costs and feasibility of an expansion.

3. What does it mean that it's a newer build on the street?
Built in 1977, this home is among the newest on its block. This can be a subtle advantage, potentially meaning updated construction standards for its era and younger core systems (like plumbing or electrical) compared to older neighbors.

4. Why is the assessed value so much lower than the area average?
The lower assessment likely reflects the home's smaller size and potentially its original condition or specific features. It's a key factor in the property's affordability but also suggests the valuation—and therefore property taxes—are based on this modest profile.

5. Are there any red flags in the data?
The rankings consistently show the home is below average in size and value metrics for its broader area. This isn't inherently a red flag but a clear characteristic: it is a more compact, value-priced option in a neighborhood of larger, higher-value homes. Due diligence should focus on the condition and layout of the space itself.