Property Overview & Key Characteristics
This one-storey home on Collegiate Street in Winnipeg's King Edward neighbourhood is a compact, character property built in 1918. Its primary appeal lies in its efficient scale and renovated basement, offering a low-maintenance footprint on a standard city lot. With 753 sqft of living space, it is notably smaller than area averages, positioning it as an affordable entry point into the market.
The home suits first-time buyers, downsizers, or investors seeking a straightforward, manageable property. Its assessed value is consistent with similar homes on its street and in the immediate area, suggesting a fair market positioning. A thoughtful perspective for buyers is the value of the renovated basement, which adds functional space to the smaller main floor, and the advantage of a detached garage—a feature not always present with homes of this vintage and size. The property represents a practical choice over a luxurious one, focusing on essentials and location.
Frequently Asked Questions
1. Is the house too small?
At 753 sqft, the living area is below average for the street, neighbourhood, and city. It is a compact layout best suited for individuals, couples, or those comfortable with efficient living spaces. The renovated basement provides additional usable area.
2. How does the assessed value compare?
The assessed value of $23,100 is around the average for Collegiate Street and the King Edward neighbourhood, but below the Winnipeg city-wide average. This indicates the price reflects the local market conditions for similar, older, smaller homes.
3. What does the "below average" ranking for land area mean?
The lot is 2,708 sqft, which is smaller than many lots on the street and in the city. However, it is a standard city lot size for the area and still provides yard space and room for the detached garage.
4. What are the implications of the home's age (1918)?
Built over a century ago, the home requires a buyer comfortable with the maintenance and potential updates typical of a character home. Its systems and structure should be thoroughly inspected.
5. Can I find out the exact historical sale price?
The listing notes that exact sold prices are provided upon request via email. The data shown is a range; for precise figures, you must contact the listing service directly.