303-225 Princeton Boulevard

Varsity View, Winnipeg

Property score

55.3

Fair

Overall 55.3 · Compared with neighbourhood average

924 sqft (top 36%) · Built in 1977 (1 yr older 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

1% smaller than neighborhood avg.

Year Built

Below average

1 yrs older than neighborhood avg.

Mother tongue

English · 78%Tagalog · 4%

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

Sold Count

45

Median price

151.3k

$/sqft

$181/sqft

Avg build year

1978

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Property score

55.3 is composed by the two sections below.

Property Score

49.5Low
Living Area924 sqft42Low
Year Built197767Good
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” (Condos, 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
924 sqft
0255075100
Same streetTop 23%Same areaTop 36%CitywideBottom 42%
Same street · Princeton Boulevard
#7 / 30
Top 23% · Avg 890 sqft
Same area · Varsity View
#27 / 76
Top 36% · Avg 936 sqft
Citywide · Winnipeg
#15,471 / 26,841
Bottom 42% · Avg 1,042 sqft

Tax-Assessed Value

around average
152k
0255075100
Same streetTop 37%Same areaBottom 25%CitywideBottom 14%
Same street · Princeton Boulevard
#11 / 30
Top 37% · Avg 148.6k
Same area · Varsity View
#57 / 76
Bottom 25% · Avg 174.9k
Citywide · Winnipeg
#22,958 / 26,841
Bottom 14% · Avg 256.1k

Year Built

Elite
1977
0255075100
Same streetTop 3%Same areaBottom 38%CitywideBottom 30%

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

303-225 Princeton Boulevard — 6 amenities found within 500 m, across 5 categories, including 1 education (nearest 209 m), 1 healthcare (nearest 173 m), 1 shopping (nearest 224 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

Sold 7/2016CA$150k–200k
Sold price

Same street

Top 16%

Same area

Top 36%

City-wide

Bottom 21%

Related homes

Highlights & common questions: 303-225 Princeton Boulevard, Winnipeg

Property Overview

This 924 sqft home, built in 1977, presents a compelling blend of space, value, and location within Winnipeg's Varsity View community. Its appeal lies in its practical balance: it offers more living area than most homes on Princeton Boulevard while carrying a property tax assessment significantly below the wider city and neighborhood averages. This suggests a potentially favorable tax burden relative to the space you get. The 1977 build year is notably newer than most on its immediate street, which can sometimes indicate well-established infrastructure and mature landscaping.

It would suit value-conscious buyers—such as first-time homeowners, small families, or investors—who prioritize interior space and manageable ongoing costs over a newer build or a premium neighborhood valuation. It’s a property that offers solid fundamentals in a university-adjacent area, appealing to those who see the advantage in a home that outperforms its immediate peers on key metrics without the price tag of the broader market.


Frequently Asked Questions

1. What does the "below average" tax assessment mean for me?
A lower assessed value typically translates to lower municipal property taxes. While market sale price can differ, this indicates your annual tax bill should be comparatively manageable for a home of this size, especially within the Varsity View area.

2. The home is newer than others on the street. Is that important?
It can be. While still a mature home, being among the newest on the block may suggest updates in original construction standards, plumbing, or electrical systems compared to immediate neighbors, and often comes with more established trees and gardens.

3. The living area is above average for the street but near average for the area. How should I interpret this?
This highlights the home's key strength: it offers more interior space than the direct competition on Princeton Boulevard. You're getting a size advantage within your micro-location, which is a smart value perspective, even if it's standard for the larger community.

4. Who might this property not suit?
Buyers seeking a modern, turn-key home or the lowest possible maintenance may find a 1977-era property requires updates. Those prioritizing a premium address or rapid appreciation might prefer a home with higher area-wide assessment rankings.

5. How reliable are these comparative rankings?
They are a strong, data-driven snapshot of how this property stacks up against recorded peers on three specific, objective metrics. They are excellent for initial comparison but should be combined with a physical viewing, inspection, and market appraisal for a complete financial picture.

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