106-225 Princeton Boulevard

Varsity View, Winnipeg

Property score

59.2

Fair

Overall 59.2 · Larger than most nearby homes

1,045 sqft (top 8%) · 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

Above average

12% larger 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

59.2 is composed by the two sections below.

Property Score

56.0Fair
Living Area52
1,045 sqftFair
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
1,045 sqft
0255075100
Same streetTop 7%Same areaTop 8%CitywideTop 44%
Same street · Princeton Boulevard
#2 / 30
Top 7% · Avg 890 sqft
Same area · Varsity View
#6 / 76
Top 8% · Avg 936 sqft
Citywide · Winnipeg
#11,736 / 26,841
Top 44% · Avg 1,042 sqft

Tax-Assessed Value

above average
159k
0255075100
Same streetTop 7%Same areaBottom 37%CitywideBottom 19%
Same street · Princeton Boulevard
#2 / 30
Top 7% · Avg 148.6k
Same area · Varsity View
#48 / 76
Bottom 37% · Avg 174.9k
Citywide · Winnipeg
#21,846 / 26,841
Bottom 19% · 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

106-225 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 5/2024CA$150k–200k
Sold price

Same street

Top 20%

Same area

Top 40%

City-wide

Bottom 20%

Related homes

Highlights & common questions: 106-225 Princeton Boulevard, Winnipeg

Property Summary

Key Characteristics & Appeal

This 1,045 sqft home, built in 1977, presents a compelling value proposition rooted in its immediate location. Its primary strength is its standout position on Princeton Boulevard, where it ranks in the top 7% for both size and assessed value compared to its street neighbors. This suggests a well-maintained or favorably configured property on a street of consistent, slightly smaller homes. The appeal lies in acquiring a home that is above-average for its specific block, offering more space than most on the street, while carrying a citywide assessed value that is notably below the Winnipeg average. This creates a potential "sweet spot" for value-conscious buyers.

It would suit a first-time buyer or downsizer seeking a established, character home in the Varsity View area without a premium citywide price tag. It’s also a practical choice for those who prioritize a strong relative position on their own street—a marker of stability and pride of ownership—over chasing trends in newer subdivisions. A thoughtful perspective is that its older construction year (1977) is actually an elite feature on its street, indicating it may be among the most original or well-preserved homes in that specific row, appealing to those who appreciate mature homes.


Frequently Asked Questions

Q: How can the assessed value be both above average on the street and below average for the city?
A: This is the key dynamic of this property. It’s valued higher than its immediate neighbors on Princeton Blvd, but the entire street and Varsity View area have assessed values significantly lower than the Winnipeg average. You're getting a top-tier home for its block, priced within a more affordable neighborhood context.

Q: What does the "Elite" ranking for the 1977 build year mean?
A: On Princeton Boulevard, this home is one of the newest among comparable properties. This suggests the street is comprised of very similar-era homes, and this one may have been built later in the street's development cycle or has records indicating a newer effective age.

Q: Is the living space considered large?
A: It is larger than most homes on its street and in Varsity View, but is just around the average size for a comparable home across Winnipeg. You are getting above-average space for the neighborhood, which is a functional advantage.

Q: Who determines these rankings and averages?
A: The rankings are generated by algorithmically comparing this property's public data (year built, living area, assessed value) against all other similar residential properties in the defined geographic scope (street, neighborhood, city).

Q: Where can I see how this property compares visually to its neighbors?
A: You can use the provided link to open a detailed neighbourhood analysis map, which displays nearby houses for a visual comparison of year built, size, and value.