Property Overview: 319 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in the King Edward neighbourhood presents a straightforward, grounded opportunity. Built in 1918, its 840 sqft living area and unrenovated basement reflect its vintage character. The property stands out for its larger-than-average 4,065 sqft lot for the immediate area, offering valuable outdoor space. With an assessed value of $240k, it positions itself as an accessible entry point into the Winnipeg market.
The appeal lies in its practicality and potential. It’s a home that doesn’t pretend to be modern or turn-key, making it a canvas for a buyer who values space over finish. The detached garage and generous lot are significant assets in an established inner-city area. It would suit a first-time buyer comfortable with a project, an investor looking for a land-value play, or someone seeking a modest footprint with room to garden or expand outdoors. A less obvious perspective is its statistical positioning: while its size and age are below city-wide averages, it holds its own within its own street and neighbourhood, suggesting it’s a typical, representative property for King Edward rather than an outlier.
Section 2: Frequently Asked Questions
1. What does "unrenovated basement" typically imply?
It generally means the basement space is in original or functional condition, but not modernized. Buyers should budget for potential updates to flooring, lighting, or finishes to create a comfortable living or storage space.
2. How does the sold price history work?
The listed sale range (e.g., $24.5k ~ $27.5k in 9/2021) is an estimate from public data. The exact sale price is available upon direct request to the site, which provides the verified figure without marketing spam.
3. Is the lot size a major advantage?
Yes, particularly in this context. The lot is in the top 35% on its own street for land area. This provides more private outdoor space than many neighbouring properties and is a key factor for future enjoyment or value.
4. The home is older than average. What should I consider?
While the systems may be functional, a 108-year-old home will likely require ongoing maintenance and updates. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and roof.
5. How does its value compare to similar homes?
The assessed value is around average for King Edward. The provided "similar assessed value" properties show what $240k can command in other neighbourhoods, which is useful for cross-city comparison, though styles and lot sizes will differ.