Property score
47.5
Below average
Overall 47.5 · Smaller than most nearby homes
745 sqft (bottom 7%) · 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
Below average
20% 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)
45
151.3k
$181/sqft
1978
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47.5 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” (Condos, 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 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
309-225 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).
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 1% | Bottom 1% | Bottom 3% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 309-225 Princeton Boulevard, Varsity View, Winnipeg
Section 1: Key Characteristics & Appeal
This 745 sqft property presents a clear value-oriented opportunity in the established Varsity View neighborhood. Its primary appeal lies in its affordability, with an assessed value significantly below area and city averages, offering a lower entry point into a desirable location. The home was built in 1977 and is notably one of the newer builds on its specific street.
The property would best suit a first-time buyer, an investor, or a downsizer seeking to minimize their mortgage footprint while gaining access to the neighborhood. Its smaller living area means lower utility costs and less maintenance, appealing to those prioritizing financial efficiency over space. A thoughtful perspective is that this home represents a "land value play" in a mature area; the value is anchored more in its location than in the size or assessed value of the structure itself, which could appeal to a buyer with future renovation or redevelopment in mind.
Section 2: Frequently Asked Questions
Q: Is the smaller living area a concern?
A: The living area is below the average for the street, neighborhood, and city. This translates to a more compact home, which requires efficient use of space but also results in lower heating costs and less upkeep.
Q: Why is the assessed value so much lower than the averages?
A: The assessed value is consistently below average across all comparison levels. This typically reflects the property's smaller size and potentially its specific condition or features relative to peers. It's a key factor in the home's affordability.
Q: The home is listed as "Elite" for year built on its street. What does that mean?
A: This means that, compared to 30 similar homes on Princeton Boulevard, this property (built in 1977) is the newest or among the very newest. On a street of similar-era homes, it may have fewer age-related concerns than its immediate neighbors.
Q: What are the main trade-offs for the lower price?
A: The primary trade-off is space, as you are acquiring a smaller-than-average home. The potential for immediate renovation or updates may also be a factor, given the value is centered on location.
Q: How should I interpret the neighborhood and city-wide rankings?
A: While the home ranks below average in size and value for the broader Varsity View area and Winnipeg, it's crucial to note it's still within the top half of all comparable city properties (Top 83%-92%). This indicates you are purchasing in a solid overall market segment, just at a more accessible price point.
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