247 Princeton Boulevard

Varsity View, Winnipeg

Property score

69.8

Good

Overall 69.8 · Compared with neighbourhood average

1,395 sqft (top 41%) · Built in 1985 (10 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

Near average

1% larger than neighborhood avg.

Year Built

Near average

10 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

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Property score

69.8 is composed by the two sections below.

Property Score

73.8Good
Living Area1,395 sqft71Good
Year Built198573Good
Lot Size11,451 sqft97Excellent
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” (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

around average
1,395 sqft
0255075100
Same streetTop 38%Same areaTop 41%CitywideTop 36%
Same street · Princeton Boulevard
#12 / 32
Top 38% · Avg 1,356 sqft
Same area · Varsity View
#346 / 848
Top 41% · Avg 1,387 sqft
Citywide · Winnipeg
#69,785 / 194,458
Top 36% · Avg 1,342 sqft

Tax-Assessed Value

above average
544k
0255075100
Same streetTop 25%Same areaTop 24%CitywideTop 13%
Same street · Princeton Boulevard
#8 / 32
Top 25% · Avg 472.3k
Same area · Varsity View
#203 / 848
Top 24% · Avg 444.7k
Citywide · Winnipeg
#26,157 / 194,458
Top 13% · Avg 390.1k

Year Built

above average
1985
0255075100
Same streetTop 38%Same areaTop 34%CitywideTop 29%

Lot Size

Elite
11,451 sqft
0255075100
Same streetBottom 47%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

247 Princeton Boulevard — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 301 m), 1 healthcare (nearest 291 m), 1 shopping (nearest 332 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

247 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: 247 Princeton Boulevard, Winnipeg

Property Overview & Appeal

This 1985-built, one-storey home in Varsity View offers a rare combination of space and established character on an exceptionally large lot. Its key characteristic is the generous 11,451 sqft property, which ranks in the top 4% of all Winnipeg lots for size, providing ample room for gardening, recreation, or future expansion. The home itself features a finished basement, a combined attached and detached garage, and a practical layout with 1,395 sqft of living space.

The appeal lies in its established, quiet neighbourhood and the significant potential inherent in such a sizable parcel of land. It suits buyers looking for a solid, single-level home with a "blank canvas" backyard in a mature area. It would particularly resonate with those who value outdoor space over a brand-new build, and who see the value in a property whose land value is a major driver of its overall assessed price, which places it in the top 12% citywide.


Frequently Asked Questions

Q: How does the age of the home (41 years) factor into its value?
A: While the structure itself is mature, the property's value is heavily weighted toward its land. The rankings show the home's size and assessed value significantly outrank its age within the neighbourhood and city, suggesting the lot is the primary asset.

Q: What does the combination "attached + detached" garage mean practically?
A: This offers flexible parking and storage. One vehicle can be kept in a convenient attached garage, while the detached space can be used for a workshop, additional vehicle storage, or as a dedicated space for tools and outdoor equipment, keeping the main garage clearer.

Q: The home ranks highly for lot size but mid-range for living space. What does this imply?
A: It indicates this is a property where the outdoor space is the standout feature relative to the indoor footprint. Buyers should envision their lifestyle centered around the yard's potential, with the house serving as a comfortable, but not oversized, base.

Q: Are there any concerns with a lot this large?
A: It's a benefit, but it comes with considerations. Maintenance (lawn care, landscaping) will require more time or expense. It's also wise to check municipal bylaws for any future plans like adding a structure or pool to ensure the lot's potential can be fully utilized.

Q: The assessed value is notably high for the area. Is this accurate?
A: The assessment, which ranks in the top 22% of the community, reflects the official municipal valuation for tax purposes, heavily influenced by the lot size. It's a strong data point, but the final market price is determined by current buyer demand and the home's specific condition.

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