147 Collegiate Street

Property Overview: 147 Collegiate Street, Bruce Park, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 2018, stands out as a distinctly modern property in its established Bruce Park neighbourhood. Its key appeal lies in this combination of new construction within a mature area, offering move-in readiness without the typical maintenance concerns of an older home.

The 1,263 sqft living space is notably above average for Collegiate Street itself, providing comfortable room for a small family or couple. The lot size of 2,712 sqft is manageable, appealing to those who want outdoor space without extensive upkeep. A detached garage and an unfinished basement offer practical storage and future potential.

This home would particularly suit first-time buyers or downsizers seeking a low-maintenance, modern property in a central location. Its recent build date is a significant advantage, ranking in the top 4% locally for newness, which suggests updated building standards, energy efficiency, and minimal immediate repair costs. The consistent increase in assessed and sale value since 2020 indicates solid investment potential. A thoughtful perspective is that this property offers the character of an older, tree-lined street but transfers the risk and effort of major renovations or updates from the buyer to the original builder.

Section 2: Frequently Asked Questions

1. Is the basement developed?
No, the basement is unfinished. This presents both a blank canvas for future customization and an immediate cost-saving, as you are not paying for finished square footage you may wish to alter.

2. How does the property compare to others in the area?
The data shows a compelling contrast. While its lot size is average for the immediate street, the home itself is much newer and has a larger living area than most neighbours. You are buying a newer, above-average house on a standard lot for the block.

3. What does the sale history indicate?
The home sold for $37,500 in 2020 and recently for $44,500 in late 2024. This trajectory suggests steady appreciation. It’s worth investigating what, if any, improvements were made between sales to understand the value added.

4. Who might this property not suit?
It may not suit buyers seeking a very large lot, an already-renovated basement, or the specific architectural character of a historic home. The lot is below average in size for the broader Bruce Park area.

5. What is the immediate neighbourhood like?
Based on the proximity of listings, Collegiate Street appears to be a dense, built-out block with homes very close together, typical of central Winnipeg neighbourhoods. This offers a strong community feel but less privacy than suburban areas.