Property Overview: 426 Collegiate Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on Collegiate Street in the King Edward neighbourhood presents a practical, no-frills opportunity. Its key characteristic is its modest scale, with 795 square feet of living space, which is below the average for the immediate area, neighbourhood, and city. This is balanced by a renovated basement, adding functional space. The lot size is fairly typical for the street. Built in 1989, the house is notably newer than many surrounding homes, which often date back to the early 20th century. This suggests potentially fewer concerns with outdated major systems compared to its peers.
The appeal lies in its straightforward affordability and manageable size. With an assessed value significantly below the citywide average, it represents an accessible entry point into the Winnipeg market. The renovated basement adds immediate utility without the need for initial projects. It suits first-time buyers, downsizers, or investors seeking a low-maintenance property. A less obvious perspective is its potential as a "right-sized" home for someone seeking to minimize their physical and financial footprint without moving into an apartment. Its newer construction relative to the neighbourhood could also mean a different, possibly more efficient, layout than found in century-old character homes.
Frequently Asked Questions
1. Is the sold price history accurate?
The listed sold price is a range based on public data. For the precise sale price, you can request it via email from the site; they provide this detail manually and do not use the contact for unsolicited marketing.
2. How does this home compare to others on the street?
It is newer than most homes on Collegiate Street, but smaller in living area. Its assessed value is around the street's average, suggesting it is priced in line with local norms despite the size difference.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or rooms. This would be a key detail to clarify with the seller or listing agent to understand the home's full functionality.
4. There's no garage. What are the parking options?
The property has no garage. Parking is likely via a driveway or on-street. Given the lot size is around average for the area, a dedicated driveway is probable, but this should be verified.
5. Why is the assessed value so much lower than the citywide average?
The citywide average includes all property types and sizes across Winnipeg. This home's assessed value is comparative to similar, smaller homes in its own neighbourhood and street, reflecting its specific market segment rather than the broader city market.