Property Overview: 186 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home in Bruce Park, built in 1918, presents a compelling mix of historic charm and practical updates. Its key features include a renovated basement and a detached garage. The home’s primary appeal lies in its efficient use of space and its position within a well-established neighbourhood.
With 1,224 sqft of living area, the house offers more interior space than many comparable homes on its street, making it feel surprisingly spacious for its vintage. The lot, at 2,711 sqft, is a manageable size for the area, offering outdoor space without demanding excessive upkeep. The recent sale history and current assessed value suggest it sits in a more accessible price tier for the Bruce Park area, offering a potential entry point into the neighbourhood.
This property would suit a first-time homebuyer or a downsizer seeking character in a mature community without the footprint of a large, modern home. It’s ideal for someone who appreciates the narrative of a century-old home but wants the practicality of a renovated basement. The data indicates it offers above-average interior space for the immediate block, which is a less obvious advantage for a home of this era.
Section 2: Frequently Asked Questions
1. How does the property’s value compare to the area?
The home’s assessed value is below the average for both the broader Bruce Park neighbourhood and Winnipeg citywide. This suggests it may represent a value-conscious opportunity within a desirable area.
2. Is the lot size typical for the street?
Yes. The land area of 2,711 sqft is around the average for Collegiate Street, indicating the property is in line with the established street pattern and isn’t undersized for its location.
3. What does the sale history tell us?
The property sold for $240k in 2017 and $31.10k in 2022. The 2022 sale price is notably close to its current assessed value, not the prior market price. It is essential to consult with a real estate professional to understand the specific circumstances behind these transactions, as they may not reflect typical market appreciation.
4. Who might this home not suit?
Buyers seeking a very large yard, a brand-new build, or the absolute highest assessed value in the district might find other properties more aligned. The home’s age and below-average neighbourhood ranking for lot size indicate a more compact, classic urban parcel.
5. Are there similar properties nearby for comparison?
The listing notes several nearby homes on the same block with similar assessed values, providing a clear context for direct comparison within the immediate streetscape.