Property Summary
Key Characteristics & Appeal
This 741 sqft home, built in 1977, presents a clear value-oriented proposition in the Varsity View neighborhood. Its primary appeal lies in its accessible price point, with an assessed value significantly below area and city averages. While the living space is compact compared to most peers, this translates to lower property taxes and a manageable footprint. The home is notably the newest build on its block (Princeton Boulevard), suggesting potentially newer core systems than immediate neighbors.
It would suit first-time buyers seeking an entry into a well-established neighborhood, budget-conscious investors looking for a rental property, or downsizers who prioritize location and efficiency over square footage. A thoughtful perspective is that its "below average" metrics across the board are precisely what create its affordability in a high-demand area, offering a trade-off that can be strategic for the right buyer.
Frequently Asked Questions
1. Is this a small house?
Yes. At 741 sqft, it is smaller than the majority of comparable homes on its street, in Varsity View, and across Winnipeg. This makes it a compact, efficient living space.
2. Why is the assessed value so much lower than the neighborhood average?
The assessed value of $134k is below averages, which is closely tied to the home's smaller size and likely its overall condition and features relative to other homes in the area used for comparison.
3. What does it mean that it's the "newest" on the street?
Built in 1977, this home is the most recently constructed among the 30 comparable homes on Princeton Boulevard. This could imply advantages like updated building standards for its era or younger major components (like roofing or plumbing) compared to older neighbors.
4. Are low property taxes likely?
Based on its below-average assessed value, the municipal property tax bill for this home is expected to be proportionally lower than for larger, higher-valued homes in the same area.
5. How should I interpret the ranking statistics?
The rankings compare this home to similar properties across three levels. For example, a "Top 90%" rank for value on its street means its assessed value is higher than 90% of peers—or, put another way, it's among the 10% least expensive homes on the block. The "Below Average" labels indicate the home's specific metric (size, value) falls short of the median benchmark in that comparison group.