Property Overview: 211 Collegiate Street, Winnipeg
Key Characteristics & Appeal
This 783 sqft bi-level home at 211 Collegiate Street in Winnipeg's King Edward neighbourhood presents a practical and efficient living option. Built in 1988, it is notably newer than most homes on its street and in the wider area, which can mean fewer concerns over aging major systems. The home features a renovated basement and a detached garage. Its assessed value is strong for the immediate area, suggesting it is well-regarded relative to its local peers.
The primary appeal lies in its manageability and value within its context. With a living area below the neighbourhood average, it suits buyers looking for a lower-maintenance property without a large footprint—ideal for a first-time homebuyer, a small household, or an investor. The lot size is also compact, reducing yard work. A thoughtful perspective is that this property represents an opportunity to own a relatively modern structure in an established neighbourhood without the premium often attached to newer builds, as the data shows it outperforms many local comparables in assessed value despite its smaller size.
Frequently Asked Questions
1. Is the smaller living space a significant drawback?
While the home's square footage is below average for the street, neighbourhood, and city, this translates to lower utility costs, less upkeep, and a potentially more affordable entry point. It’s a trade-off that suits a specific, efficiency-minded buyer.
2. How does the assessed value compare to the likely selling price?
The home last sold in early 2022 for an estimated $32.5k–$35.5k, and its current assessed value is $29.3k. This assessed value ranks above average for King Edward, but it is a municipal valuation for tax purposes; the market price will be determined by current conditions, recent upgrades, and buyer demand.
3. What are the advantages of the 1988 build year?
Being 38 years old and newer than most surrounding homes (which average a 1948 build year locally) can be an advantage. It may indicate updated wiring, plumbing, and insulation compared to much older wartime-era homes, potentially resulting in lower immediate renovation costs.
4. What is the neighbourhood like?
Located in King Edward, this is a long-established, central Winnipeg neighbourhood. The property's immediate context on Collegiate Street consists primarily of similar single-family homes, offering a quiet, residential setting.
5. How can I get the exact historical sale prices?
The precise sale price history is not published publicly. You can request the exact figures by emailing the listing service via the provided button; they provide this data manually without using your email for unsolicited marketing.