Property Summary: 255 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 255 Collegiate Street in Winnipeg's King Edward neighbourhood presents a practical and value-conscious opportunity. Built in 1980, it is a newer construction compared to many homes in the area, potentially offering modern building standards and fewer immediate maintenance concerns than much older properties.
Its key appeal lies in its above-average positioning within its immediate context. The home sits on a larger-than-typical lot for the street and neighbourhood (over 5,300 sqft), providing valuable outdoor space. It also boasts a renovated basement and a detached garage. While its living space (988 sqft) is modest city-wide, it is squarely average for the local area, suggesting an efficient layout for its setting. The assessed value consistently ranks above average for both the street and King Edward, indicating recognized value by the city assessor relative to its peers.
This property would suit first-time buyers seeking a manageable, entry-level home with a good yard, or practical investors looking for a solid, no-fuss rental in an established neighbourhood. It’s less about grandeur and more about receiving more lot and a newer build than many surrounding properties for the price. A thoughtful perspective is that its 1980 build date may offer a "sweet spot"—avoiding the potential costly updates of a century home while still being established in a mature community.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 988 sqft, the living area is very typical for Collegiate Street and the wider King Edward neighbourhood, ranking near the average. It is, however, more compact than the Winnipeg city-wide average for homes.
2. What does the "above average" assessed value ranking mean?
The home’s assessed value ranks in the top 20-30% compared to similar properties on its street and in King Edward. This suggests the city assessor views it as having higher value than many of its direct peers, often based on factors like lot size, condition, and improvements like the renovated basement.
3. Is the lot size a significant feature?
Yes. The 5,308 sqft lot is notably larger than the average for both the street (~3,700 sqft) and the neighbourhood (~3,800 sqft). This is a distinct advantage, providing more private outdoor space than is common in the area.
4. What is the significance of the 1980 build year?
In a neighbourhood with many homes dating from the early to mid-1900s, a 1980 build is relatively new. This can imply more contemporary construction materials, electrical systems, and insulation standards, potentially leading to lower immediate repair costs.
5. Where can I find the exact historical sale price?
The listing service provides sold price ranges based on public data. To obtain the precise sale price from its last transaction in June 2021, you must request it directly via the email link provided on the detail page. They provide this information manually and do not use the request for unsolicited marketing.