Property Overview: 283 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Collegiate Street in the King Edward neighbourhood presents a practical and character-filled opportunity. Its key characteristics include a renovated basement, a detached garage, and a 1914 build date, offering classic charm. With 1,020 sqft of living space, it sits around the average for both its immediate street and the King Edward area, providing comfortable, manageable proportions.
The primary appeal lies in its strong value proposition within a well-established community. The home’s assessed value ranks above average for both Collegiate Street and King Edward, suggesting it is viewed favorably relative to its local peers. The renovated basement adds modern, functional space. A less obvious perspective is the lot size: while below the citywide average, its 2,709 sqft parcel is fairly typical for King Edward, offering a lower-maintenance yard that suits today’s lifestyles. This property would best suit first-time buyers or downsizers seeking a move-in-ready home with character in a central neighbourhood, without the upkeep of a larger lot or a multi-storey layout.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Based on available data, a home very close by at 306 Collegiate Street, of a similar vintage but smaller, sold in early 2019 for an estimated $24.5K–$27.5K. This home’s higher assessed value may reflect factors like the renovated basement.
2. What does the "below average" year built ranking mean?
The 1914 build date means this home is older than most on its street and in the city. This typically indicates classic construction and neighbourhood charm, but buyers should ensure inspections cover aging components like wiring and plumbing.
3. Is the living space sufficient for a small family?
At just over 1,000 sqft, it is comparable to the average home in King Edward. The renovated basement effectively expands the usable living area, making it viable for a small family or those who value efficient use of space.
4. How does the lot size impact potential for expansion or outdoor use?
The lot is under 3,000 sqft, which is common for the area. It provides adequate private outdoor space for gardening or relaxation but may limit possibilities for large additions. This can be a positive for those seeking minimal yard maintenance.
5. Where can I find the exact historical sold price for this property?
The exact sold price history is not publicly displayed in the listing. You can request it directly via the provided email form; the service commits to providing accurate figures manually without using your email for unsolicited marketing.