Property Overview: 244 Princeton Boulevard
Section 1: Key Characteristics & Appeal
This well-situated Varsity View home is a 4-level split built in 1983, offering a practical and spacious layout. Its most compelling feature is the exceptionally large, 12,040 sqft lot, which places it in the top 4% of all Winnipeg properties for land size. This provides rare potential for gardening, recreation, or future expansion in a mature, established neighborhood. With 1,252 sqft of living space and a finished basement, the home offers functional room for a family.
The appeal lies in its strong positional value. The property consistently ranks in the top third for key metrics like lot size, assessed value, and recent sale price within its immediate street, the broader Varsity View community, and across all of Winnipeg. This indicates a home that is competitively positioned and holds its value well relative to its surroundings. It’s a solid, no-frills property that suits buyers looking for a long-term family home in a desirable area, prioritizing land size and neighborhood stability over a brand-new build. It would particularly suit a buyer who sees the value in a large, blank-canvas yard and is comfortable with a home of this vintage, understanding that updates may be part of the long-term plan.
Section 2: Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings show how this property compares to others in its immediate area. For example, being in the "top 4%" for lot size in Winnipeg means very few homes in the city offer a larger parcel of land, which is a significant advantage.
2. The home was built in 1983. What should I consider?
While the core structure is established, a home of this age will likely have had several systems updated over time. A key part of your due diligence will be to verify the age and condition of major components like the roof, windows, furnace, and plumbing.
3. How does the 2021 sale price relate to the current assessed value?
The 2021 sale price of $400,000 and the current assessed value of $443,000 provide two data points for market comparison. The increase suggests market appreciation, but the final sale price will be determined by current market conditions and the property's present state.
4. What are the pros and cons of a 4-level split design?
This design offers good separation of living and sleeping areas across multiple levels, which can provide privacy. However, it also means more stairs to navigate daily. The layout is generally efficient and was popular for its time.
5. The lot is huge. Are there any restrictions on how it can be used?
While the large lot is a major asset, all uses are subject to local zoning bylaws. This could affect plans for additions, outbuildings, or secondary suites. Checking with the city planning department is essential before making any significant plans.