Property Summary: 228 Princeton Boulevard
Key Characteristics & Appeal
This is a well-situated, single-storey home in the established Varsity View neighborhood. Its primary appeal lies in a combination of generous outdoor space and a solid, move-in-ready foundation. The standout feature is the large 8,247 sqft lot, which places it in the top 10% of all Winnipeg properties for land size, offering exceptional potential for gardening, expansion, or simply enjoying private outdoor living. The home itself is a modest 849 sqft bungalow with a finished basement, providing functional living space. Key data points indicate its strength is not in sheer size or newness, but in its desirable lot and location—it ranks highly within Winnipeg overall (top 10%) and is competitive within its own community.
This property would suit first-time buyers or downsizers looking for a low-maintenance, single-level layout in a prime central neighborhood, where the value is anchored more in the land than the structure. It’s also a sensible choice for a long-term holder who sees the underlying value in a large lot in a mature area, with the understanding that the 1954-built home may require updates over time.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings show how this property compares to others in specific categories. For example, being in the top 10% in Winnipeg for lot size is a significant advantage, while the rankings for living area and age are more modest, confirming this is a classic older bungalow on a premium lot.
2. Is the finished basement included in the 849 sqft living area?
No, the 849 sqft refers to the above-ground living area. The finished basement provides additional, separate space.
3. What is the neighborhood of Varsity View like?
Varsity View is a central, mature neighborhood known for its tree-lined streets, proximity to the University of Manitoba, and a mix of academic professionals, families, and long-term residents.
4. Given the home's age, what should I budget for maintenance?
While the home is livable, a 1954 build will likely need ongoing attention to major systems like roof, plumbing, and electrical. Budgeting for gradual updates is prudent.
5. Why is the assessed value ranking lower than the lot size ranking?
This suggests the city's assessment reflects the current state and size of the older home itself, while the market value for a buyer may place a higher premium on the rare, large lot in this location—indicating potential equity in the land.