885 College Avenue

Property Overview: 885 College Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1914, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its primary appeal lies in its solid foundation and the potential inherent in its structure and lot. With 1,098 sqft of living space, it offers more room than many area homes, and its 3,592 sqft lot is a generous canvas for gardening, expansion, or outdoor living. The property features a basement, though it is noted as not renovated, and does not include a garage or pool.

The home’s assessed value is notably above average for its immediate street and aligns with the neighbourhood average, suggesting it is a recognized asset in the area. This property would suit a hands-on buyer looking for a project—someone comfortable with renovations who sees value in a character home with good bones and a sizable lot. It’s also a candidate for investors or builders considering a hold-and-renovate strategy or a future redevelopment, given the land size. A less obvious perspective is its appeal to a buyer seeking a simpler footprint; its size and classic layout can be more manageable and cost-effective to update than a larger, more complex modern home.

Section 2: Frequently Asked Questions

1. What is the condition of the major systems (roof, wiring, plumbing)?
The listing does not specify the condition of these critical components. A professional home inspection would be essential to assess the state of these systems, especially given the home's age.

2. Are there any heritage or character designations on this 1914 home?
There is no mention of a heritage designation. Buyers should verify with the city if any exterior alteration guidelines apply, which can sometimes affect older homes in established neighbourhoods.

3. What is the zoning, and are there any development restrictions on the lot?
The generous lot size may present future opportunities. It’s important to confirm the property’s zoning with the City of Winnipeg to understand what additions, secondary suites, or new constructions might be permissible.

4. How does the low sale price relate to the assessed value?
The home last sold for $18,500 in October 2021, closely aligned with its current assessed value of $20,800. This indicates the assessment is grounded in recent market activity and reflects the property’s value as a fixer-upper or land opportunity rather than a move-in-ready home.

5. What is the parking situation?
The listing states there is no garage. Buyers should observe the street to understand typical on-street parking availability and check for any permit requirements or restrictions.