Property Overview
This 924 sqft home, built in 1977, presents a compelling blend of above-average space for its immediate street and a notably efficient property tax assessment. Its appeal lies in its strong positional value within the micro-market of Princeton Boulevard, where it ranks highly for both living area and tax valuation compared to direct neighbors. The home suits practical buyers looking for a well-sized property in a stable area without a premium price tag, particularly first-time homeowners or investors attracted by the lower-than-city-average tax burden relative to the living space provided. A thoughtful perspective is that this property outperforms its closest peers more than it does the broader market, suggesting a smart value within its specific block—a potential "big fish in a small pond" scenario.
Key Details & FAQs
1. How does the living area compare to nearby homes?
At 924 sqft, the home offers more space than the average residence on Princeton Boulevard (890 sqft), ranking in the top 23% on its street. It is very close to the average for the wider Varsity View neighborhood.
2. What is the significance of the property tax assessment?
The assessed value for taxes is $157,000. This is higher than the street average, indicating solid value for the location, but is notably below the Winnipeg city average, which may translate to relatively manageable property tax bills.
3. The home was built in 1977. Is that a concern?
The build year is the newest on its street, ranking in the top 3%. For its immediate area, it is a modern property. This can be an advantage, potentially meaning updates or systems are more recent than those of neighboring houses.
4. Who would this property be best for?
It's an excellent fit for buyers prioritizing space and value on a specific, well-regarded street over a brand-new home. It also appeals to those mindful of ongoing costs, given its efficient tax assessment relative to the city norm.
5. Are there any less obvious points to consider?
The data suggests a disconnect between its local and city-wide standings. It's a top-tier property on its block but average or below in broader rankings. This highlights the importance of hyper-local comparison; value here is defined more by its immediate surroundings than the overall market.