Property Summary: 236 Princeton Boulevard
Key Characteristics & Appeal
This is a classic, unrenovated 1.5-storey home in the established Varsity View neighbourhood, built in 1947. Its primary appeal lies in its generous 8,247 sqft lot—a rare find that ranks in the top 10% for size across Winnipeg—offering immense potential for gardening, expansion, or future development. The home itself is modest at 962 sqft with an unfinished basement, presenting a straightforward, blank-canvas opportunity. It suits two main types of buyers: first, the value-driven renovator or builder seeking a prime location with exceptional land value to create a custom home; and second, the pragmatic buyer prioritizing lot size and location over turn-key condition, who is comfortable with a home that functions but may need updating. A less obvious perspective is its appeal as a long-term hold; the combination of a large lot in a central, academically adjacent neighbourhood provides a strong foundation for equity growth that outpaces the physical structure itself.
Frequently Asked Questions
1. What does "unfinished basement" mean in this context?
It indicates the basement is in a rough, utility state—likely with concrete floors and exposed walls—and has not been developed into living space. It provides storage and houses mechanical systems but requires significant work to become a finished area.
2. The house ranks poorly for its age. Is this a concern?
The age ranking reflects that it is older than most homes in the area. This isn't unusual for a 1947 home and is factored into the price. The key consideration is the condition of major aging components like the roof, wiring, and plumbing, which should be verified during an inspection.
3. How significant is the lot size?
Very. A lot over 8,000 sqft in this central neighbourhood is a standout feature. It offers privacy, space, and options that are increasingly scarce, making it the property's dominant long-term asset.
4. Who is the typical buyer in Varsity View?
The neighbourhood attracts a mix of university staff, students, families drawn to strong schools, and professionals seeking a central location. This property, given its condition, would likely attract those focused on the land's potential rather than move-in-ready convenience.
5. Why is there no garage?
Many older homes in established neighbourhoods were built without garages. The large lot provides ample space to add a garage or a paved parking area, subject to local zoning and permit regulations.