Property Overview
384 Collegiate Street is a well-maintained bi-level home built in 2014, offering a modern alternative in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its relative newness compared to most area homes, which largely date to the early 20th century, suggesting fewer immediate concerns over aging components. With 988 sqft of living space and a renovated basement, it provides efficient, updated living.
The home stands out locally for its above-average assessed value, indicating it is perceived as a higher-quality asset on its street and within King Edward. While its lot size is modest, especially compared to the city-wide average, this translates to less exterior maintenance—a practical consideration. This property would suit first-time buyers or downsizers seeking a move-in-ready, low-maintenance home in an established central neighbourhood, without the unpredictability of a century-old structure. It’s a pragmatic choice for those valuing modern construction within a mature community.
Key Details & FAQs
- Style: Bi-Level
- Living Area: 988 sqft
- Year Built: 2014
- Basement: Renovated
- Parking: None (street parking)
Frequently Asked Questions
1. How does this home compare to others in the area?
It is notably newer than most, being built in 2014 while many neighbouring homes are from the early 1900s. Its assessed value is in the top 15% on its street, suggesting it is considered a premium property locally.
2. Is the lot size a concern?
The land area is smaller than the Winnipeg average, which limits expansive outdoor space but also reduces yard work and maintenance responsibilities.
3. What does "above average assessed value" mean for taxes?
A higher assessed value relative to nearby homes typically leads to a proportionally higher property tax bill. It’s advisable to estimate annual taxes based on the current mill rate.
4. There's no garage—what are parking options?
The property relies on street parking. It’s recommended to check local parking regulations for any restrictions or permit requirements.
5. You mention a renovated basement—what does that include?
The listing confirms the basement is renovated but does not specify the finish or rooms. A viewing or inquiry with the listing agent is necessary to understand the layout and quality of the renovation.