Property Summary: 250 Princeton Boulevard
Key Characteristics & Appeal
This is a well-established, single-storey home in the Varsity View neighbourhood, built in 1988. Its primary appeal lies in its generous 7,525 sqft lot—a significant size that ranks highly within Winnipeg—offering substantial outdoor space in a mature, central community. The home features 1,284 sqft of living space with a finished basement and an attached garage. Its competitive city-wide rankings for lot size (top 13%) and assessed value (top 18%) suggest it represents solid value for its category. The property suits buyers looking for a low-maintenance, single-level layout on a large, private lot, ideal for gardening, entertaining, or future expansion. It would particularly appeal to downsizers, small families, or investors seeking a stable property in a desirable university-area neighbourhood, where the land itself is a key asset. A thoughtful perspective is that while the home is nearly 40 years old, its strong rankings indicate it has been maintained competitively within its peer group, offering a balance of established character and modern livability.
Frequently Asked Questions
1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg for specific metrics like lot size and age. For example, being in the top 13% for lot size in Winnipeg means 87% of properties have a smaller lot, highlighting a key strength.
2. Is the basement a legal suite?
The listing states the basement is finished but does not specify it as a legal secondary suite. Buyers should verify its compliance with local regulations if considering rental income.
3. How might the age of the home (1988) affect me?
Homes of this age are often past the lifespan of original major components like the roof, windows, or HVAC system. A thorough inspection is recommended to assess the condition and plan for potential updates, which can also be an opportunity to customize.
4. What are the benefits of such a large lot?
Beyond space for recreation and gardening, a large lot in a central neighbourhood like Varsity View offers long-term value through potential redevelopment options (subject to zoning), enhanced privacy, and a sense of space rarely found in newer subdivisions.
5. Why is the assessed value different from the listing price?
The assessed value ($498,000) is for municipal tax purposes and reflects a mass appraisal from a past date. The listing price is set by the seller based on current market conditions, recent comparable sales, and the home's specific features. The two figures are related but rarely identical.