Property Summary: 363 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1918 bi-level home in the King Edward neighbourhood presents a practical and value-oriented opportunity. Its key appeal lies in a strong assessed value that outperforms most immediate peers, suggesting good municipal valuation relative to similar homes on its street and in the area. With 861 sqft of living space and a renovated basement, the home offers functional space on a standard 2,711 sqft lot.
The property suits first-time buyers or investors looking for an entry point into the market with a historically stable asset. Its above-average assessment for the locale, combined with a living area that is typical for the immediate area, indicates a property that holds its own in the context of its older, established neighbourhood. A thoughtful perspective is that while the home's size is modest by wider city standards, its value metrics within King Edward suggest it is a competitively positioned asset in a mature community, potentially offering a balance of affordability and stability. The detached garage adds practical utility.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to nearby homes?
The assessed value of $35,200 ranks in the top 13% on Collegiate Street and the top 9% within the King Edward neighbourhood, indicating it is valued higher than most comparable local properties.
2. Is the living space smaller than average?
While the 861 sqft living area is below the Winnipeg city average, it is very close to the average for both Collegiate Street and the wider King Edward area, making it a typical size for this specific location.
3. What does the sold price history show?
Public records indicate the home sold in June 2016 for an estimated range of $27,500 to $30,500. For the exact historical sold price, you can request the information directly via the provided email service.
4. What are the implications of the home's age?
Built in 1918, the home is older than the citywide average but is typical for its neighbourhood. Buyers should factor in the potential for maintenance and updates common with houses of this vintage.
5. How does the lot size compare?
The 2,711 sqft lot is smaller than the Winnipeg average but is standard for this older, central neighbourhood. It is ranked near the average for both the street and the King Edward area.