Property Summary: 271 Princeton Boulevard
Section 1: Key Characteristics & Appeal
This is a classic, well-situated one-storey home in the established Varsity View neighbourhood. Its primary appeal lies in its exceptionally large, 13,005 sqft lot, which places it in the top tier of properties locally for outdoor space and potential. The home itself is modest in size at 832 sqft and is of 1957 vintage, featuring a finished basement and a detached garage.
The property suits two main types of buyers. First, it’s ideal for a value-conscious buyer or renovator who prioritizes land over a move-in-ready house, seeing the expansive lot as a long-term asset and the home itself as a canvas for updates. Second, it fits downsizers or those seeking single-level living in a mature, convenient neighbourhood who appreciate the manageable footprint combined with generous private outdoor space. A less obvious perspective is its appeal to a multi-generational family; the huge lot offers rare room for future additions, a separate suite, or simply ample space for extended family gatherings, which is increasingly valuable.
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, its land size ranks in the top 3% city-wide, meaning it’s exceptionally large. Conversely, its living area is more compact, ranking in the top 87% (or bottom 13%), indicating the home itself is smaller than most.
2. Is the house in original condition?
Given its 1957 build date and the data provided, buyers should anticipate a home that likely requires modernization. The value here is fundamentally in the land and location, with the house offering functional living space that can be improved over time.
3. What are the implications of such a large lot?
Beyond privacy and space, a lot of this size (nearly a third of an acre) in an established inner-city neighbourhood is rare. It could allow for significant gardening, recreational space, or future development potential (subject to zoning bylaws), making it a unique holding.
4. How does the assessment value relate to the asking price?
The municipal assessment of $382,000 is a tax valuation snapshot and a useful benchmark. It typically reflects a mass-appraisal formula. The final sale price will be determined by the current market’s value for this specific combination of a large lot and a modest, older home.
5. What is the neighbourhood character of Varsity View?
Varsity View is a mature, tree-lined neighbourhood known for its proximity to the University of Manitoba, offering a quiet, residential feel with the convenience of nearby academic and recreational amenities. It attracts a mix of long-term residents, academics, and families.