237 Princeton Boulevard

Property Summary: 237 Princeton Boulevard

Key Characteristics & Appeal

This is a well-situated, one-storey home in Varsity View, built in 1956. Its primary appeal lies in its substantial, mature lot of over 11,000 sqft—a rarity that places it in the top tier of properties locally for land size. The home features a finished basement and a detached garage. While the living area at 775 sqft is modest, the property's value is anchored by its land and location within a sought-after community. It ranks highly within its neighborhood and city-wide for lot size, but lower for the size and age of the dwelling itself.

This property would suit a specific buyer: someone who values land potential over move-in-ready square footage. It's an excellent canvas for a buyer looking to eventually renovate or expand the existing home to match the lot's stature, or for those who simply prize extensive outdoor space in a central location. The strong rankings for lot size against neighbors suggest a premium, long-term holding in a desirable area, appealing to strategic homeowners or investors with a vision.

Frequently Asked Questions

1. What does the ranking data actually mean?
The rankings show how this property compares to others. For example, its land size is in the top 4% city-wide, meaning it's larger than 96% of Winnipeg lots. Conversely, its living area is smaller than 91% of homes, highlighting the trade-off between land and current interior space.

2. Is the finished basement included in the 775 sqft living area?
Typically, the listed "居住面积" (Living Area) refers to above-grade, finished space. The finished basement is an additional feature, adding functional space but not usually counted in the official square footage for such rankings.

3. The house is 70 years old. What should I be aware of?
While systems like plumbing, electrical, and the roof may have been updated over time, a home of this age warrants a thorough inspection. The potential for original components or older renovations is high, which should be factored into planning and budgeting.

4. Why is the assessed value ranking lower than the land size ranking?
The assessment reflects the current total property value, which includes the older, smaller home. The high land value is balanced by the lower improvement value of the dwelling, resulting in a middle-of-the-road overall assessment compared to neighbors.

5. What is the potential here for future expansion or redevelopment?
The large lot is the key asset. Subject to local zoning bylaws, there is significant potential to enlarge the existing bungalow or explore other options. This makes the property particularly interesting for those viewing it as a long-term family home to grow into or a strategic land investment.