Property score
60.4
Fair
Overall 60.4 · Smaller and older than most nearby homes
980 sqft (bottom 20%) · Built in 1956 (19 yrs older than avg)
Located in a above-average income area with median household income of ~82k
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
Below average
29% smaller than neighborhood avg.
Year Built
Below average
19 yrs older than neighborhood avg.
Mother tongue
English · 88%French · 1%
Past 10 years Varsity View sales snapshot (~80% of all data)
281
492k
$398/sqft
1975
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60.4 is composed by the two sections below.
Property Score
Community Score
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.
Sales-to-New-Listings
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
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.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111102
$82K
Median household income
$97K
Average household income
10%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.1
P90 / P10 ratio
45%
Single-person households
13%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
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.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
248 Princeton Boulevard — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 292 m), 1 healthcare (nearest 330 m), 1 shopping (nearest 380 m).
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%
248 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.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1956-built, one-storey home in Varsity View offers a unique proposition centered on land and location. Its primary appeal lies in its exceptionally large, 12,036 sqft lot, which places it in the top tier of properties locally for outdoor space and potential. The home itself is a modest 980 sqft bungalow with a finished basement and a detached garage. Its strongest suit is its position within a sought-after neighborhood, ranking highly for lot size and assessed value within its community and city-wide. This property would suit a buyer who values the long-term asset of a large lot in a prime area over immediate move-in luxury. It's ideal for someone with renovation or expansion plans, or who simply desires significant private outdoor space close to the University of Manitoba. It may also appeal to an investor recognizing the underlying land value in a stable, desirable community.
Frequently Asked Questions
1. What does the high lot ranking actually mean?
It means this property's land size is larger than 90% of homes in Varsity View and 96% of all homes in Winnipeg. You are purchasing a scarce asset: a very large parcel in a mature, central neighborhood.
2. The house is older and smaller than average. What are the implications?
The 70-year-old home will likely require ongoing maintenance or a thoughtful modernization plan. The smaller living footprint (below average for the area) emphasizes that you are primarily buying the land; the house may need investment to suit contemporary needs.
3. How does the "finished basement" factor into the living space?
While it adds functional space, the 980 sqft listed is for the main floor only. The finished basement provides extra room but is not included in the official living area calculation, which is common for older bungalows.
4. The rankings for "newness" are low. Is this a concern?
Not necessarily, as it reflects the property's honest age. The high rankings for lot size and value in a mature neighborhood suggest the market recognizes and rewards the land's worth despite the older dwelling.
5. Who is the typical buyer for this type of property?
It often attracts three types: the renovator looking for a prime location to customize, the long-term holder valuing land appreciation, or a family seeking a large yard in a great community, willing to grow into or update the home over time.
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