Property Summary: 251 Princeton Boulevard
Section 1: Key Characteristics & Appeal
This is a modern, well-situated single-family home in Varsity View. Built in 2014, it offers the benefits of a relatively new build with minimal immediate maintenance concerns. Its key strength lies in its above-average proportions across the board: a spacious 1,531 sqft of living space, a large 8,678 sqft lot, and a finished basement, all contributing to its high percentile rankings within the community and city. The home’s assessed value has risen significantly since its 2021 sale, indicating strong market recognition.
The appeal is grounded in offering a balanced, move-in-ready package for those seeking space, modernity, and a quiet neighbourhood. It suits growing families or professionals who want room to breathe without the upkeep of an older home, and who value the stability and potential of a property that consistently performs well in comparative metrics. A less obvious perspective is its appeal to data-driven buyers; the home’s standout rankings for lot size, age, and assessed value in a desirable area like Varsity View present a compelling, numbers-backed case for its long-term value retention.
Section 2: Frequently Asked Questions
1. How does the finished basement impact the living space?
The finished basement adds usable square footage beyond the main floor's 1,531 sqft, effectively increasing the home’s functional space for recreation, guests, or a home office. It’s a key feature that enhances livability without increasing the property’s official listed living area.
2. The home sold for $588,000 in 2021 and is now assessed at $642,000. What does this mean?
The increase in assessed value reflects market appreciation and the city’s valuation of the property. It suggests strong growth, but the eventual sale price will be determined by current market conditions. It’s a positive indicator of the home’s perceived value growth over three years.
3. What do the percentile rankings (e.g., "top 9% in Winnipeg") actually tell me?
These rankings compare this specific property against others on its street, in Varsity View, and across all of Winnipeg for metrics like lot size and age. Consistently high rankings (like top 10%) confirm that its core attributes are superior to most comparable properties, offering a data-driven snapshot of its competitive standing.
4. Is the large lot size a major advantage?
Yes. An 8,678 sqft lot in this neighbourhood is a significant asset, offering ample outdoor space for gardening, play, or future additions like a deck or shed. It provides a sense of privacy and room that is increasingly rare, especially in newer subdivisions.
5. Who would this home NOT be ideal for?
It may not suit buyers seeking a historic character home or those wanting a brand-new, custom-built property. Additionally, the very features that make it spacious—like the large lot—require a willingness for yard maintenance, which might not appeal to those seeking a ultra-low-maintenance lifestyle.