Property Overview: 169 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic one-and-a-half storey character property built in 1918, situated in the Bruce Park neighbourhood. With 985 sqft of living space, it offers a compact and efficient layout. The lot size of 2,711 sqft is notably manageable for the area, providing outdoor space without excessive maintenance. Key features include a detached garage and a basement that is present but not renovated.
Its primary appeal lies in its position as a relatively affordable entry point into the Winnipeg market, particularly for a character home. The data suggests it is a "middle-of-the-pack" property on its own street, offering a balance of vintage charm and a lot size that is practical. It would suit first-time buyers, downsizers, or investors looking for a character property with a solid foundational assessment value, who are prepared to live with the home as-is or undertake renovations over time. The manageable lot and detached garage add practical value for city living.
A less obvious perspective is that its "average" metrics on Collegiate Street indicate it fits seamlessly into an established streetscape, potentially offering neighbourhood stability. Additionally, the significant gap between its last sale price and the average assessed value for similar homes citywide may represent a value opportunity for the right buyer.
Section 2: Frequently Asked Questions
1. What does the ranking data (e.g., "Top 62%") for land area actually mean?
It means this property's lot size is larger than 62% of comparable properties on Collegiate Street. While below average for the broader Bruce Park area, its lot is quite typical for its immediate block.
2. Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate an unfinished space suitable for utilities and storage, with potential for future development.
3. How does the 2023 sale price of $170k relate to the assessed value?
The assessed value for taxation purposes is listed at $23.2k. The sale price reflects the actual market value. This large discrepancy is normal; assessed value is not an appraisal for sale.
4. What might "one & 1/2 storey" imply for the layout?
Typically, this style features main living areas on the ground floor, with a second floor under sloped ceilings that may contain bedrooms or converted attic space, offering classic character but sometimes less square footage than a full two-storey.
5. How does this home compare to others in Bruce Park overall?
The data shows that in terms of living area, year built, and lot size, this home is generally below the neighbourhood averages. This often translates to a more accessible price point within a desirable area, appealing to those prioritizing location over size.