266 Princeton Boulevard

Varsity View, Winnipeg

Property score

64.3

Fair

Overall 64.3 · Older than most nearby homes

1,080 sqft (bottom 31%) · Built in 1964 (11 yrs older than avg)

Located in a above-average income area with median household income of ~82k

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

Below average

22% smaller than neighborhood avg.

Year Built

Below average

11 yrs older than neighborhood avg.

Mother tongue

English · 88%French · 1%

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

64.3 is composed by the two sections below.

Property Score

57.0Fair
Living Area52
1,080 sqftFair
Year Built46
1964Low
Lot Size97
11,876 sqftExcellent
Neighbourhood Sales Activity42
Low

Community Score

75.2Good
Household Income77
Good
Education Level54
Fair
Housing Stress83
Excellent
Core Housing Need100
Excellent
Employment Health76
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: #46111102

Community deep dive

$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

Population, labour & age

Population (2021)361
Labour force participation rate71%
Median age48.8
Avg household size1.9
Unemployment rate7%
Population density820 / km²

Households & income

Low income (LIM-AT, % pop.)10%
Single-person households45%
Couple families with children13%
Median household income (2020)$82K

Housing

Renter households13%
Condominium dwellings47%
Median dwelling value (owners)$284K

Diversity, education & language

Immigrants (share of pop.)15%
Visible minority9%
Bachelor's or higher (25–64)26%
Mother tongue (1st)English · 87%
Mother tongue (2nd)French · 1%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

around average
1,080 sqft
0255075100
Same streetBottom 34%Same areaBottom 31%CitywideBottom 37%
Same street · Princeton Boulevard
#21 / 32
Bottom 34% · Avg 1,356 sqft
Same area · Varsity View
#588 / 848
Bottom 31% · Avg 1,387 sqft
Citywide · Winnipeg
#121,563 / 194,458
Bottom 37% · Avg 1,342 sqft

Tax-Assessed Value

around average
389k
0255075100
Same streetBottom 44%Same areaBottom 42%CitywideTop 41%
Same street · Princeton Boulevard
#18 / 32
Bottom 44% · Avg 472.3k
Same area · Varsity View
#488 / 848
Bottom 42% · Avg 444.7k
Citywide · Winnipeg
#80,204 / 194,458
Top 41% · Avg 390.1k

Year Built

around average
1964
0255075100
Same streetTop 50%Same areaBottom 30%CitywideBottom 46%

Lot Size

Elite
11,876 sqft
0255075100
Same streetTop 34%Same areaTop 10%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

266 Princeton Boulevard — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 359 m), 1 healthcare (nearest 391 m), 1 shopping (nearest 436 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

266 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: 266 Princeton Boulevard, Winnipeg

Property Overview & Key Characteristics

This 1964 bi-level home in Varsity View offers a compelling blend of space, location, and value. Its primary appeal lies in its exceptionally large, nearly 12,000 sqft lot, which places it in the top 10% of properties within the community for land size. The home itself features 1,080 sqft of living space with a finished basement and a detached garage. While the structure is of its era, its assessed value ranks highly, suggesting solid underlying value for the area.

The property is ideally suited for buyers who prioritize land over a turnkey modern home. It’s a prime candidate for those looking for a long-term family home with ample outdoor space in a central, established neighbourhood, or for an investor or renovator who sees potential in the existing footprint and the rare lot size. Its high rankings for lot and value, contrasted with more modest rankings for the home's age and living area, indicate this is an opportunity rooted in land asset and location rather than immediate move-in luxury.

Frequently Asked Questions

1. What does the "ranking" data actually mean?
The rankings compare this property against others on its street, in Varsity View, and across all of Winnipeg. For example, being in the "top 4%" for lot size city-wide means 96% of Winnipeg properties have a smaller lot, highlighting a key strength.

2. Is a bi-level layout suitable for my needs?
Bi-levels offer good separation of living and sleeping areas, with common spaces typically on one level and bedrooms on another. They are efficient but involve short staircases between main areas. Consider if this flow works for your lifestyle or mobility requirements.

3. The house is from 1964. What should I anticipate?
While the basement is finished, a home of this age will likely have original or older components (like windows, roof, mechanical systems) that may need attention or updating. A thorough inspection is essential to understand the condition and plan for future investments.

4. Why is the lot size such a significant feature?
In a mature, central neighbourhood like Varsity View, large lots are rare. This provides unparalleled space for gardens, play, pets, additions, or future redevelopment potential, which is a major driver of the property's long-term value.

5. How does the assessed value relate to the listing price?
The assessed value of $389,000 is for municipal tax purposes and provides a benchmark of the city's valuation. The listing price is set by the seller and the market; it may be higher, lower, or similar, influenced by recent sales, condition, and current demand.