Property score
72.2
Good
Overall 72.2 · Newer than most nearby homes
1,474 sqft (top 37%) · Built in 1996 (21 yrs newer 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
6% larger than neighborhood avg.
Year Built
Above average
21 yrs newer than neighborhood avg.
Mother tongue
English · 78%Tagalog · 4%
Past 10 years Varsity View sales snapshot (~80% of all data)
281
492k
$398/sqft
1975
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72.2 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: #46110349
$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
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
261 Princeton Boulevard — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 345 m), 1 healthcare (nearest 337 m), 1 shopping (nearest 375 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 40% | Top 37% | Top 29% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 261 Princeton Boulevard, Varsity View, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-established, single-family bungalow in the desirable Varsity View neighborhood. Built in 1996, it sits on a generous, mature lot of over 8,600 sqft, offering significant outdoor space that is increasingly rare in newer developments. The home features a fully finished basement and an attached garage, providing practical, year-round living space.
Its primary appeal lies in its strong fundamentals and location. The property consistently ranks in the top tiers for its street, neighborhood, and city across key metrics like lot size, living area, and assessed value—often placing in the top 15-30% citywide. This indicates a home that is above average in its peer group for space and municipal valuation. The 1996 build year offers a balance between modern construction standards and established, low-maintenance landscaping.
This home would best suit buyers looking for a move-in-ready property with room to grow outdoors, without the premium price of a brand-new build. It’s ideal for small families, professionals, or downsizers who value a quiet, established community with larger lot sizes, proximity to the University of Manitoba, and the stability of a home that has already seen significant appreciation since its last sale.
A less obvious perspective is the value of its "middle age." At 30 years old, major components like the roof, windows, and mechanical systems are likely due for assessment or may have been recently updated, offering a clearer maintenance outlook than either a much older home or a brand-new one still revealing its initial defects.
Section 2: Frequently Asked Questions
1. What do the ranking percentages actually mean?
They show how this property compares to others in its immediate area and across Winnipeg. For example, ranking in the "top 9%" for lot size in Winnipeg means 91% of city homes sit on smaller lots, highlighting this property's standout feature.
2. Is the fully finished basement included in the 1,474 sqft living area?
Typically, the listed "居住面积" (Living Area) in Manitoba refers to above-grade, heated space. The fully finished basement likely adds significant additional square footage not reflected in that primary figure.
3. How has the property's value changed?
The home was purchased for $420,000 in April 2017. The current municipal assessment is $519,000. This assessed value provides a benchmark for property taxes and general market value, but the final sale price is determined by the current market.
4. What is the neighborhood character of Varsity View?
Varsity View is a mature, family-oriented neighborhood near the University of Manitoba. It features a mix of older and newer homes, large lots, and is known for its quiet, treed streets and community feel, appealing to both academics and families.
5. Are there any major costs or renovations anticipated?
Given the home's age (30 years), a prudent buyer should budget for the potential updating or replacement of age-related items. This could include roofing, exterior paint, or major appliances. A thorough home inspection is recommended to identify the condition of these components.
