103-225 Princeton Boulevard

Varsity View, Winnipeg

Property score

55.3

Fair

Overall 55.3 · Compared with neighbourhood average

924 sqft (top 36%) · Built in 1977 (1 yr older than avg)

Located in a above-average income area with median household income of ~77k

Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 school, 1 healthcare facility, 1 shop, and 2 parks nearby

Living Area

Near average

1% smaller than neighborhood avg.

Year Built

Below average

1 yrs older than neighborhood avg.

Mother tongue

English · 78%Tagalog · 4%

Past 10 years Varsity View sales snapshot (~80% of all data)

Sold Count

45

Median price

151.3k

$/sqft

$181/sqft

Avg build year

1978

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Property score

55.3 is composed by the two sections below.

Property Score

49.5Low
Living Area924 sqft42Low
Year Built197767Good
Neighbourhood Sales Activity42Low

Community Score

63.9Fair
Household Income75Good
Education Level34Low
Housing Stress52Fair
Core Housing Need76Good
Employment Health68Good

Neighbourhood Sales

Varsity View

How to read: Share of sales in each ~$50k price band for “varsity view” (Condos, 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110349

Community deep dive

$77K

Median household income

$79K

Average household income

6%

Low income (LIM-AT)

0.2

Income inequality (Gini)

2.4

P90 / P10 ratio

41%

Single-person households

19%

Families with children

Population, labour & age

Population (2021)426
Labour force participation rate69%
Median age38.8
Avg household size2.0
Unemployment rate9%
Population density2662 / km²

Households & income

Low income (LIM-AT, % pop.)6%
Single-person households41%
Couple families with children19%
Median household income (2020)$77K

Housing

Renter households35%
Condominium dwellings17%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)17%
Visible minority14%
Bachelor's or higher (25–64)17%
Mother tongue (1st)English · 77%
Mother tongue (2nd)Tagalog · 3%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
924 sqft
0255075100
Same streetTop 23%Same areaTop 36%CitywideBottom 42%
Same street · Princeton Boulevard
#7 / 30
Top 23% · Avg 890 sqft
Same area · Varsity View
#27 / 76
Top 36% · Avg 936 sqft
Citywide · Winnipeg
#15,471 / 26,841
Bottom 42% · Avg 1,042 sqft

Tax-Assessed Value

around average
152k
0255075100
Same streetTop 37%Same areaBottom 25%CitywideBottom 14%
Same street · Princeton Boulevard
#11 / 30
Top 37% · Avg 148.6k
Same area · Varsity View
#57 / 76
Bottom 25% · Avg 174.9k
Citywide · Winnipeg
#22,958 / 26,841
Bottom 14% · Avg 256.1k

Year Built

Elite
1977
0255075100
Same streetTop 3%Same areaBottom 38%CitywideBottom 30%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

103-225 Princeton Boulevard — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 209 m), 1 healthcare (nearest 173 m), 1 shopping (nearest 224 m).

Search radius
🏫Education1
🏥Healthcare1
🛒Shopping1
🌳Parks2
Worship1

Crime & Safety

Varsity View · WPS public data · 2026

Annual incidents

6

2026

vs. city avg

-80%

relative to avg

Year-over-year

-93%

vs. prior year

Primary type

Property

83%

Sales History

Sold 8/2016CA$100k–150k
Sold price

Same street

Bottom 48%

Same area

Bottom 27%

City-wide

Bottom 9%

Related homes

Highlights & common questions: 103-225 Princeton Boulevard, Winnipeg

Property Summary

Key Characteristics & Appeal

This 924 sqft home, built in 1977, presents a compelling value proposition in the Varsity View neighborhood. Its primary appeal lies in its strong position on Princeton Boulevard, where it stands out for being newer than its immediate peers and offering above-average living space for the street. This creates a "big fish in a small pond" scenario: while the home is around average in broader comparisons, it is a top-tier property on its own block.

The property is ideally suited for first-time buyers or value-focused investors seeking an entry point into a well-established neighborhood. The below-average assessed value relative to both the wider neighborhood and the city suggests a potentially lower property tax burden and an opportunity for equity growth through updates. It’s a practical choice for those who prioritize the character and stability of a mature street over a brand-new build, and who see the value in a home that already outperforms its direct neighbors in key areas like size and age.

Frequently Asked Questions

Q: How does this home’s value compare to the area?
A: Its assessed value is below the averages for both Varsity View and Winnipeg as a whole, but is around average for Princeton Boulevard itself. This indicates you’re paying less than the wider market rate for a home that is actually superior to many on its own street.

Q: Is the living space sufficient for a small family?
A: At 924 sqft, the living area is above the average for Princeton Boulevard and on par with the Varsity View average. It is a functional size for a starter family or couple, though it is slightly below the citywide average for comparable homes.

Q: What does the "Elite" ranking for year built mean?
A: Built in 1977, this home is the newest among the 30 comparable properties on Princeton Boulevard. On its own street, it likely benefits from slightly more modern construction materials and systems than its neighbors.

Q: Are property taxes likely to be high here?
A: Property taxes are based on assessed value. Since this home’s assessment is below the neighborhood and city averages, the tax bill should reflect that lower valuation, which is a financial advantage.

Q: Does the below-average citywide ranking mean it’s a poor property?
A: Not at all. Citywide rankings include a vast range of homes. Its "below average" city ranking in value primarily highlights Winnipeg’s significant number of newer, higher-valued subdivisions. This home’s strength is its very competitive standing within its immediate, established location.

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