Property Summary: 261 Princeton Boulevard, Varsity View, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-established, single-family bungalow in the desirable Varsity View neighborhood. Built in 1996, it sits on a generous, mature lot of over 8,600 sqft, offering significant outdoor space that is increasingly rare in newer developments. The home features a fully finished basement and an attached garage, providing practical, year-round living space.
Its primary appeal lies in its strong fundamentals and location. The property consistently ranks in the top tiers for its street, neighborhood, and city across key metrics like lot size, living area, and assessed value—often placing in the top 15-30% citywide. This indicates a home that is above average in its peer group for space and municipal valuation. The 1996 build year offers a balance between modern construction standards and established, low-maintenance landscaping.
This home would best suit buyers looking for a move-in-ready property with room to grow outdoors, without the premium price of a brand-new build. It’s ideal for small families, professionals, or downsizers who value a quiet, established community with larger lot sizes, proximity to the University of Manitoba, and the stability of a home that has already seen significant appreciation since its last sale.
A less obvious perspective is the value of its "middle age." At 30 years old, major components like the roof, windows, and mechanical systems are likely due for assessment or may have been recently updated, offering a clearer maintenance outlook than either a much older home or a brand-new one still revealing its initial defects.
Section 2: Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate area and across Winnipeg. For example, ranking in the "top 9%" for lot size in Winnipeg means 91% of city homes sit on smaller lots, highlighting this property's standout feature.
2. Is the fully finished basement included in the 1,474 sqft living area?
Typically, the listed "居住面积" (Living Area) in Manitoba refers to above-grade, heated space. The fully finished basement likely adds significant additional square footage not reflected in that primary figure.
3. How has the property's value changed?
The home was purchased for $420,000 in April 2017. The current municipal assessment is $519,000. This assessed value provides a benchmark for property taxes and general market value, but the final sale price is determined by the current market.
4. What is the neighborhood character of Varsity View?
Varsity View is a mature, family-oriented neighborhood near the University of Manitoba. It features a mix of older and newer homes, large lots, and is known for its quiet, treed streets and community feel, appealing to both academics and families.
5. Are there any major costs or renovations anticipated?
Given the home's age (30 years), a prudent buyer should budget for the potential updating or replacement of age-related items. This could include roofing, exterior paint, or major appliances. A thorough home inspection is recommended to identify the condition of these components.