Property Overview: 124 Collegiate Street, Bruce Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1918, presents a straightforward opportunity in Winnipeg's Bruce Park neighborhood. Its key characteristics include a 957 sqft living area, a 2,712 sqft lot, a detached garage, and a basement that is noted as not being renovated.
The primary appeal lies in its position as a modest, lower-priced entry point into the market. The data reveals a thoughtful perspective: while the home's size and assessed value are below the broader city and neighborhood averages, they are much more aligned with the averages for Collegiate Street itself. This suggests it's a typical property for its specific, established street, potentially offering a more affordable and authentic slice of the area without the premium of a larger, modernized home. It suits a pragmatic first-time buyer, an investor looking for a rental property, or someone seeking a smaller footprint with land. The 1918 build date appeals to those who appreciate older home character, but buyers should be prepared for the maintenance and update projects that come with a century-old structure, starting with the unrenovated basement.
Section 2: Frequently Asked Questions
1. Is this a "below average" property?
It depends on the comparison. Compared to the entire city or even the broader Bruce Park area, its size and value metrics are below average. However, within its immediate context on Collegiate Street, it ranks around the middle, indicating it is quite typical for this specific location.
2. What does the assessed value of $19.50k mean for the likely sale price?
In Winnipeg, the assessed value for taxation purposes is typically much lower than the market sale price. The last recorded sale was in July 2020 for $19.10k, closely matching the current assessment. A current market price would be determined by recent sales of similar homes and market conditions.
3. Who is responsible for verifying the condition of the basement?
The listing explicitly states the basement is "not renovated." It is the buyer's responsibility, through a professional home inspection, to determine its exact condition, identify any moisture issues, and assess the scope of any potential renovation needs.
4. What are the advantages of a detached garage?
A detached garage offers flexibility. It can be used for vehicle storage, a workshop, or extra storage without impacting the living space of the main house. It may also provide more options for future landscaping or garden space on the lot.
5. The home is over 100 years old. What should I consider?
While offering classic charm, a home from 1918 will likely have older systems (plumbing, electrical, heating) and require diligent upkeep. The unrenovated state suggests many original features may be intact, which could be a project for restoration or a candidate for modernization, so budgeting for updates is essential.