Property Summary: 233 Princeton Boulevard
Key Characteristics & Appeal
This is a well-situated, one-storey home in Varsity View, built in 1956. Its primary appeal lies in its generous, mature lot of over 11,000 sqft—a rarity that places it in the top tier of properties in Winnipeg for lot size. The home itself offers 1,142 sqft of living space with a finished basement and a detached garage. While the house is of average size for the area, its standout feature is the significant outdoor space, offering immense potential for gardening, expansion, or simply enjoying a private, established yard.
The property’s rankings reveal a compelling story: it competes exceptionally well in terms of land size and assessed value within its community and city-wide, suggesting a solid underlying asset. It would particularly suit a buyer who values land over a large or modern footprint—someone looking for a character home in a central neighbourhood with the space to grow, entertain, or customize over time. It’s a property where the true value may be as much in the dirt as in the dwelling, appealing to long-term planners and those who see potential.
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% city-wide for lot size means very few homes offer a larger parcel of land. Conversely, its older build date is common for the neighbourhood.
2. Is the house in need of major updates?
Built in 1956, the home is 70 years old. While it has a finished basement, prospective buyers should budget for updates consistent with a home of this age, such as windows, roof, or mechanical systems, and are encouraged to have a thorough inspection.
3. How can the large lot be utilized?
The 11,454 sqft lot is a blank canvas. Uses could include extensive gardens, adding a large deck or patio, creating play space, or even future expansion of the home (subject to zoning and permit approvals).
4. What are the implications of a detached garage?
A detached garage offers flexibility and can be ideal for a workshop or separate storage. However, it means accessing your vehicle requires going outdoors, which can be a consideration during Winnipeg winters.
5. Why is the assessed value relatively high compared to the home's age and size?
The assessed value reflects the combined worth of the land and the structure. In this case, the high ranking for assessed value (top 39% in Winnipeg) is likely strongly influenced by the desirable, large lot in a central neighbourhood, not just the house itself.