Property Overview: 259 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1918 on a standard city lot in the King Edward neighbourhood. Its key characteristic is its modest scale, with a living area of 662 sq ft that places it well below average size for the street, neighbourhood, and city. This is reflected in its assessed value, which is also notably below these averages. The home includes a detached garage.
The appeal lies in its simplicity and potential as an entry point into the market. It represents a low-barrier option for a first-time buyer or an investor seeking a straightforward, manageable property. Its older vintage offers classic charm but implies a need for conscientious maintenance or thoughtful updates. A less obvious perspective is that its smaller footprint can mean lower utility costs and less space to maintain, which suits a minimalist lifestyle or a buyer looking to keep ongoing expenses predictable. This property would suit a pragmatic, budget-conscious buyer who values location over size and is prepared for the realities of caring for an older home.
Section 2: Frequently Asked Questions
1. Is this a "tiny home"?
While significantly smaller than the average Winnipeg home, at 662 sq ft it is larger than most modern definitions of a "tiny home." It is best described as a compact, classic one-storey house.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value is primarily a function of the home's very small size and older age compared to the broader city market, where average homes are much larger and often newer.
3. What should I consider with a home from 1918?
Prospective buyers should prioritize a thorough inspection. While systems like wiring and plumbing may have been updated over the years, an older home typically requires a proactive maintenance mindset and budget for potential repairs.
4. How does the lot size compare?
The land area of 2,708 sq ft is below average for the area but is a standard city lot size. It provides adequate outdoor space for a garden or patio without being burdensome to maintain.
5. The last sold price shown is a range. How can I get the exact figure?
The exact historical sold price is available upon request from the listing service. You can provide your email to receive the precise figure, which they provide manually without using your contact for unsolicited marketing.