105-225 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 Area42
924 sqftLow
Year Built67
1977Good
Neighbourhood Sales Activity42
Low

Community Score

63.9Fair
Household Income75
Good
Education Level34
Low
Housing Stress52
Fair
Core Housing Need76
Good
Employment Health68
Good

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

above average
157k
0255075100
Same streetTop 17%Same areaBottom 33%CitywideBottom 17%
Same street · Princeton Boulevard
#5 / 30
Top 17% · Avg 148.6k
Same area · Varsity View
#51 / 76
Bottom 33% · Avg 174.9k
Citywide · Winnipeg
#22,149 / 26,841
Bottom 17% · 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

105-225 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 10/2022CA$150k–200k
Sold price

Same street

Top 36%

Same area

Bottom 44%

City-wide

Bottom 16%

Related homes

Highlights & common questions: 105-225 Princeton Boulevard, Winnipeg

Property Overview

This 924 sqft home, built in 1977, presents a compelling blend of above-average space for its immediate street and a notably efficient property tax assessment. Its appeal lies in its strong positional value within the micro-market of Princeton Boulevard, where it ranks highly for both living area and tax valuation compared to direct neighbors. The home suits practical buyers looking for a well-sized property in a stable area without a premium price tag, particularly first-time homeowners or investors attracted by the lower-than-city-average tax burden relative to the living space provided. A thoughtful perspective is that this property outperforms its closest peers more than it does the broader market, suggesting a smart value within its specific block—a potential "big fish in a small pond" scenario.

Key Details & FAQs

1. How does the living area compare to nearby homes?
At 924 sqft, the home offers more space than the average residence on Princeton Boulevard (890 sqft), ranking in the top 23% on its street. It is very close to the average for the wider Varsity View neighborhood.

2. What is the significance of the property tax assessment?
The assessed value for taxes is $157,000. This is higher than the street average, indicating solid value for the location, but is notably below the Winnipeg city average, which may translate to relatively manageable property tax bills.

3. The home was built in 1977. Is that a concern?
The build year is the newest on its street, ranking in the top 3%. For its immediate area, it is a modern property. This can be an advantage, potentially meaning updates or systems are more recent than those of neighboring houses.

4. Who would this property be best for?
It's an excellent fit for buyers prioritizing space and value on a specific, well-regarded street over a brand-new home. It also appeals to those mindful of ongoing costs, given its efficient tax assessment relative to the city norm.

5. Are there any less obvious points to consider?
The data suggests a disconnect between its local and city-wide standings. It's a top-tier property on its block but average or below in broader rankings. This highlights the importance of hyper-local comparison; value here is defined more by its immediate surroundings than the overall market.