Property Overview
This one-storey home at 317 Collegiate Street in Winnipeg's King Edward neighbourhood presents a practical opportunity. Built in 1947, it features 800 sqft of living space, a renovated basement, and a detached garage on a 4,062 sqft lot. The data suggests it’s a modestly sized and valued property within its immediate area, often ranking around the middle compared to its neighbours on Collegiate Street and in King Edward, while sitting below Winnipeg-wide averages for size and value.
Key Characteristics & Appeal
The primary appeal of this home lies in its simplicity and position as an attainable entry point into the market. Its renovated basement adds functional living space, a valuable asset in a smaller-footprint home. The lot size is generous for the area, offering outdoor potential that many city properties lack. It would suit a first-time buyer, an investor looking for a manageable rental property, or someone seeking a low-maintenance, single-level living arrangement. A less obvious perspective is its potential as a "value-hold" property; its assessed value is consistent with the neighbourhood, suggesting stability rather than speculative risk, which can be appealing for a long-term, buy-and-hold strategy.
Frequently Asked Questions
1. How does this home’s size compare to others?
At 800 sqft, the living area is below the Winnipeg average but is fairly typical for the King Edward neighbourhood and Collegiate Street itself, where comparable homes average around 950-977 sqft.
2. What does the assessed value indicate?
The assessed value of $24,300k is around the average for both the street and the neighbourhood. Citywide, this is considered below average, which generally reflects the home’s modest size and the area’s market positioning.
3. What is the significance of the lot size?
The 4,062 sqft lot is above average for both Collegiate Street and the King Edward area. This is a standout feature, providing more private outdoor space than many surrounding properties.
4. Are there recent sales history details for this home?
Public records indicate a sale between August 2019 for a price in the range of $20.50k to $23.50k. For the exact sale price, you can request the information via email from the listing source.
5. What type of neighbourhood is King Edward?
Based on the provided data, King Edward features a mix of older homes (from the early to mid-1900s) like this one, alongside some newer constructions. Property sizes and values are generally modest and consistent within the area, suggesting a stable, established community.