Property Overview
This one-storey home on Collegiate Street in Winnipeg's King Edward neighbourhood presents a straightforward, value-oriented opportunity. Built in 1918, it sits on a standard city lot with a detached garage. The 1,124 sqft living area is notably above average for both the street and the immediate area, offering more interior space than many comparable local homes. Key features include a basement (not renovated) and no pool. Its assessed value is modest and aligns with local norms, though it sits below the citywide average—a reflection of the neighbourhood's affordability. The home last sold in 2016.
Key Characteristics & Appeal
The primary appeal of this property lies in its practicality and position within a stable, established community. It offers more usable living space than is typical for the area, which is a significant advantage for the price point. The detached garage adds functional value. Its appeal is grounded in value, not luxury; it suits a first-time homebuyer, an investor looking for a rental property, or someone seeking a modest, no-frills home in a central Winnipeg neighbourhood. A thoughtful perspective is that its "average" metrics within the immediate area signal a lower risk of overpaying relative to the local market, while the below-city-average assessment could indicate potential for value growth as the area develops. The unrenovated basement represents both a cost-saving (lower purchase price) and a future opportunity for customization.
Frequently Asked Questions
1. What does "above average" living area mean for this home?
It means that, compared to similar homes on Collegiate Street and in the King Edward area, this house has more square footage. At 1,124 sqft, it ranks in the top 26% on its street and top 20% in the neighbourhood for living space.
2. Why is the assessed value so much lower than the citywide average?
The assessed value of approximately $24,400 is in line with the King Edward neighbourhood average. The much higher citywide average is skewed by newer, larger, or more expensive homes in other areas. This assessment reflects the local market conditions and the home's age and characteristics.
3. What should I know about the basement?
The listing confirms the home has a basement, but explicitly states it is "not renovated." Buyers should budget for potential updates and anticipate a viewing to assess its current condition and suitability for their needs.
4. How can I find out the exact past sale price?
The exact sold price from April 2016 is not publicly displayed in this summary. The listing provider offers to send the accurate sale history manually via email upon request, at no cost and without marketing spam.
5. Is the lot size typical?
Yes. The 3,089 sqft lot is around the average size for both Collegiate Street and the King Edward neighbourhood, though it is smaller than the average lot across the entire city.