Property Overview: 229 Princeton Boulevard
Key Characteristics & Appeal
This is a classic, two-storey home built in 1956, situated on an exceptionally large lot of over 11,400 square feet in the established Varsity View neighbourhood. Its primary appeal lies in this rare combination of a spacious, 1,586 sqft house and a vast, private yard—a find increasingly uncommon within city limits. The property ranks highly for its lot size and living area compared to most homes in Winnipeg, offering significant space and potential.
It perfectly suits buyers who value generous outdoor space for gardens, play, or future expansion more than modern finishes or a new build. It’s ideal for those comfortable with the character and maintenance considerations of a 70-year-old home and who see potential in its solid foundation. The location offers the quiet, tree-lined feel of a mature community with the convenience of nearby academic and urban amenities. This isn't a move-in-perfect showcase home; it's a canvas for a buyer looking to put their own stamp on a property with outstanding foundational assets.
Frequently Asked Questions
Q: The house is 70 years old. What should I be most concerned about?
A: Beyond a standard inspection, pay special attention to the major systems common to homes of this era, such as the roof, original plumbing, electrical wiring, and the foundation. The condition of these will significantly impact your renovation budget and timeline.
Q: The lot is huge. What are my options for it?
A: The large lot is a major asset. It allows for extensive landscaping, adding a detached garage or workshop, or creating expansive outdoor living spaces. It's also worth investigating local zoning bylaws to understand any future potential for additions or subdivision, though this would be a long-term consideration.
Q: There's no garage. How big of an issue is that?
A: For many, it's a trade-off for the lot size. The property has ample space to add a detached garage, which can be a worthwhile investment. Consider the cost and logistics of adding one versus relying on street parking, which is typical in many older neighbourhoods.
Q: The rankings show the assessed value is middle-of-the-road, but the lot size ranking is very high. Why?
A: This highlights the property's unique profile. The assessment reflects the current state of the older home itself. The high lot size ranking underscores the land's exceptional value and scarcity, which is a separate and often appreciating asset not fully captured in the current home assessment.
Q: Who typically lives in Varsity View, and what's the atmosphere like?
A: Varsity View is a stable, quiet neighbourhood popular with university staff, graduate students, families, and long-term residents. It has an intellectual, community-oriented feel with a mix of well-kept older homes, without the hectic pace of a brand-new subdivision.