241 Princeton Boulevard

Varsity View, Winnipeg

Property score

76.9

Good

Overall 76.9 · Larger and newer than most nearby homes

1,837 sqft (top 18%) · Built in 1989 (14 yrs newer than avg)

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

Transit 74.0 · 2-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

32% larger than neighborhood avg.

Year Built

Above average

14 yrs newer than neighborhood avg.

Mother tongue

English · 78%Tagalog · 4%

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

Sold Count

281

Median price

492k

$/sqft

$398/sqft

Avg build year

1975

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

76.9 is composed by the two sections below.

Property Score

85.6Excellent
Living Area89
1,837 sqftExcellent
Year Built78
1989Good
Lot Size97
11,452 sqftExcellent
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” (Detached houses (non-condo), 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
1,837 sqft
0255075100
Same streetTop 16%Same areaTop 18%CitywideTop 16%
Same street · Princeton Boulevard
#5 / 32
Top 16% · Avg 1,356 sqft
Same area · Varsity View
#154 / 848
Top 18% · Avg 1,387 sqft
Citywide · Winnipeg
#30,683 / 194,458
Top 16% · Avg 1,342 sqft

Tax-Assessed Value

above average
552k
0255075100
Same streetTop 19%Same areaTop 22%CitywideTop 12%
Same street · Princeton Boulevard
#6 / 32
Top 19% · Avg 472.3k
Same area · Varsity View
#185 / 848
Top 22% · Avg 444.7k
Citywide · Winnipeg
#24,223 / 194,458
Top 12% · Avg 390.1k

Year Built

above average
1989
0255075100
Same streetTop 28%Same areaTop 25%CitywideTop 23%

Lot Size

Elite
11,452 sqft
0255075100
Same streetTop 50%Same areaTop 12%CitywideTop 4%

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

241 Princeton Boulevard — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 283 m), 1 healthcare (nearest 272 m), 1 shopping (nearest 315 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

241 Princeton Boulevard: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.

Related homes

Highlights & common questions: 241 Princeton Boulevard, Winnipeg

Property Overview

This 1989 two-storey home in Varsity View sits on a large, 11,452 sqft lot and offers 1,837 sqft of living space. Its key characteristics include an unfinished basement, an in-ground pool, and a combination attached/detached garage. The property's appeal lies in its above-average size, both in the home and the expansive lot, providing ample room for family living, gardening, or future expansion. Its strong rankings—particularly outperforming 96% of Winnipeg homes for lot size and 86% for living area—highlight its rarity and spatial advantage in the market.

It would best suit buyers looking for a established family home in a sought-after neighbourhood who value space and potential over turn-key perfection. The unfinished basement is a blank canvas for customization, while the pool and large yard cater to outdoor lifestyle enthusiasts. This property is ideal for someone willing to grow into the home and land, appreciating the value of a prime lot that offers privacy and room to breathe within the city.


Frequently Asked Questions

Q: How does the unfinished basement affect the home's value and utility?
A: While it means immediate finishing costs, it's also a significant opportunity. It allows the next owner to customize the space to their exact needs—whether for a suite, recreation room, or home gym—without needing to undo someone else's work, and it can be a factor in the home's assessed value.

Q: What should I consider with a pool of this age?
A: An in-ground pool from this era requires diligent maintenance and budgeting for potential updates to equipment, lining, or decking. It's a major lifestyle amenity that adds to summer enjoyment and social hosting, but it is also an ongoing commitment in terms of time and cost.

Q: The lot is exceptionally large for the area. What does that mean practically?
A: Beyond privacy and space for play or gardens, a lot of this size (ranking in the top 4% in Winnipeg) is a long-term asset. It provides options for significant landscaping, potential additions like a shed or sport court, and typically holds its value well due to scarcity.

Q: The home ranks very high for lot size but lower for its build year. Is that a concern?
A: The 1989 build date places it in the middle range for age locally. This isn't uncommon for a mature neighbourhood like Varsity View. The trade-off is clear: you're acquiring a premier-sized property, and the home itself, while not new, is at an age where major systems like roof, windows, and HVAC may have been updated or will be a key focus for inspection.

Q: Who is the typical buyer in this neighbourhood?
A: Varsity View is popular with families, academics, and professionals drawn to its central location near the University of Manitoba. This particular property, with its pool and large yard, will especially attract those seeking a permanent family home with established community roots and space for children to grow.