108-225 Princeton Boulevard

Varsity View, Winnipeg

Property score

55.3

Fair

Overall 55.3 · Compared with neighbourhood average

942 sqft (top 32%) · 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% 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

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

55.3 is composed by the two sections below.

Property Score

49.5Low
Living Area942 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
942 sqft
0255075100
Same streetTop 13%Same areaTop 32%CitywideBottom 44%
Same street · Princeton Boulevard
#4 / 30
Top 13% · Avg 890 sqft
Same area · Varsity View
#24 / 76
Top 32% · Avg 936 sqft
Citywide · Winnipeg
#15,027 / 26,841
Bottom 44% · Avg 1,042 sqft

Tax-Assessed Value

around average
151k
0255075100
Same streetTop 47%Same areaBottom 21%CitywideBottom 14%
Same street · Princeton Boulevard
#14 / 30
Top 47% · Avg 148.6k
Same area · Varsity View
#60 / 76
Bottom 21% · Avg 174.9k
Citywide · Winnipeg
#23,085 / 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

108-225 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 1/2016CA$150k–200k
Sold price

Same street

Top 48%

Same area

Bottom 36%

City-wide

Bottom 13%

Related homes

Highlights & common questions: 108-225 Princeton Boulevard, Winnipeg

Property Overview

This 942 sqft home on Princeton Boulevard in Varsity View presents a compelling blend of space, value, and established character. Its key appeal lies in offering above-average roominess for its immediate street—ranking in the top 13% locally—while carrying a below-average assessed value compared to the wider neighborhood and city. Built in 1977, it is notably one of the newer homes on its block. This combination suggests a property that is efficiently sized for its area and may offer relative value, especially for a buyer looking at the long-term potential of a well-located, mature neighborhood.

The home would suit first-time buyers or downsizers seeking a practical footprint without a premium price tag in a central Winnipeg area. It’s also a sensible match for value-oriented investors or those who appreciate the stability of a street where homes are of a similar vintage and scale. A less obvious perspective is that its lower assessed value within the broader market could indicate a different update schedule compared to area averages, representing either a project opportunity or a chance for equity growth through modernization.


Frequently Asked Questions

1. Is the living space larger or smaller than typical homes nearby?
At 942 sqft, the home is genuinely spacious for Princeton Boulevard itself, ranking #4 out of 30 homes. It’s very close to the average size for the wider Varsity View neighborhood but is modestly smaller than the Winnipeg city average for comparable properties.

2. How does the property’s value compare to the area?
The assessed value is around the average for its own street but is below the average for both the Varsity View neighborhood and the city of Winnipeg. This suggests the home may be priced accessibly within the broader market context.

3. How old is this home relative to others?
Built in 1977, it is among the newest on its street (ranking #1 out of 30). It is approximately average in age when compared to the wider neighborhood and the city.

4. What does the "below average" assessed value actually mean?
It means this home’s city assessment is lower than the median for similar homes across Winnipeg. This can be influenced by many factors, including updates, lot specifics, and interior condition. It often correlates with a more accessible purchase price but may also indicate a home ripe for value-adding improvements.

5. Who is this property likely to appeal to most?
It’s an excellent fit for practical buyers who prioritize living space and location over a fully modernized home. It offers a solid foundation in a mature neighborhood, appealing to those comfortable with a property that may have retained its original character and who see potential in its valuation position.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.