Property Overview: 134 Collegiate Street, Bruce Park, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic one-and-a-half storey home built in 1914, situated on a standard city lot in the Bruce Park neighbourhood. Its key appeal lies in its position as an affordable entry point into homeownership, particularly for a specific type of buyer. The living space is modest at just over 1,000 square feet, which is typical for homes on its street but smaller than many in the wider Bruce Park area. It features a basement, but it is noted as not being renovated.
The property’s strongest financial characteristic is its low assessed value, which is significantly below both neighbourhood and city averages. This suggests a potentially lower property tax burden and an accessible price point. The lot size is average for the immediate street, offering standard outdoor space for the area.
This home would best suit a first-time buyer, an investor, or a hands-on individual looking for a straightforward project. It’s not a move-in-ready showpiece but a practical canvas. The buyer should be comfortable with a home of vintage character that may require updates over time. Its appeal is grounded in practicality and potential rather than immediate luxury or size.
Section 2: Frequently Asked Questions
1. What does "basement, not renovated" typically mean?
For a home of this era, it usually indicates an unfinished or partially finished basement with original foundations, flooring, and utilities. It may be suited for storage and laundry but likely requires significant work to become a modern living space.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects factors like the home's age, smaller living area, and the condition implied by an unrenovated basement. It's in line with older, more modest homes on its street, not with newer or substantially updated properties citywide.
3. Is the smaller living area a concern?
It depends on your needs. For a single person, couple, or small family, it can be efficient and manageable. The data shows it's actually slightly larger than the average for comparable homes on Collegiate Street itself, indicating it's characteristic of the immediate area.
4. What are the implications of the lot size rankings?
While the lot is smaller than most in Bruce Park and Winnipeg overall, it is average for Collegiate Street. This means you have typical yard space for the block, but shouldn’t expect an exceptionally large or private backyard compared to many other parts of the city.
5. How should I interpret the year-built ranking?
Built in 1914, the home is older than most on its street and in the city. This ranking confirms its vintage status. It appeals to those who appreciate older home charm but requires a buyer to be mindful of potential maintenance needs associated with a 110+ year-old structure, such as older wiring or plumbing.