307-225 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 Area42
924 sqftLow
Year Built67
1977Good
Neighbourhood Sales Activity42
Low

Community Score

63.9Fair
Household Income75
Good
Education Level34
Low
Housing Stress52
Fair
Core Housing Need76
Good
Employment Health68
Good

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

Elite
161k
0255075100
Same streetTop 3%Same areaBottom 38%CitywideBottom 20%
Same street · Princeton Boulevard
#1 / 30
Top 3% · Avg 148.6k
Same area · Varsity View
#47 / 76
Bottom 38% · Avg 174.9k
Citywide · Winnipeg
#21,545 / 26,841
Bottom 20% · 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

307-225 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 3/2023CA$150k–200k
Sold price

Same street

Top 40%

Same area

Bottom 42%

City-wide

Bottom 15%

Related homes

Highlights & common questions: 307-225 Princeton Boulevard, Winnipeg

Property Overview

This 924 sqft home on Princeton Boulevard presents a compelling mix of established value and relative modernity within its immediate surroundings. Its key appeal lies in being a well-positioned and updated property on a street of similar-aged homes. Compared to its direct neighbours, it stands out with an elite assessed value ranking and a newer build year, suggesting it has been well-maintained or improved. The living space is comfortably above the street average, offering more room than most nearby homes while remaining manageable.

This property would particularly suit first-time buyers or downsizers seeking a move-in-ready home in the established Varsity View neighbourhood without the premium of a brand-new build. It's also a smart option for value-focused buyers who appreciate a home that already outperforms its immediate peers on key metrics, potentially offering a stable investment in a mature area.

Frequently Asked Questions

1. How does this home's value compare to others on the street?
It has the highest assessed value on Princeton Boulevard, ranking #1 out of 30 comparable homes. This suggests it is likely among the most updated or well-maintained properties on the street.

2. Is the living space large for the area?
At 924 sqft, the home is larger than the average (890 sqft) for similar homes on Princeton Boulevard itself. It is roughly average when compared to the wider Varsity View neighbourhood and the city.

3. What does the "Year Built" ranking mean?
Built in 1977, it is among the newest homes on its street (ranking #1 out of 30). This is a relative advantage on Princeton Boulevard, though it is around the average age for the broader neighbourhood and city.

4. Why is the citywide assessed value ranking lower?
While elite on its street, the home's assessed value is below the Winnipeg citywide average. This primarily reflects the property's location in a neighbourhood with generally more modest home values compared to newer or more affluent areas across the city.

5. What is a less obvious takeaway from this data?
The figures suggest a property that is a standout on its own block but more typical within the larger community. This can be appealing for buyers wanting a premium home on a familiar, established street without paying a premium associated with more expensive neighbourhoods citywide.