Property Overview: 432 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 432 Collegiate Street in Winnipeg's King Edward neighbourhood presents a practical and modern opportunity. Built in 2016, it is a notably newer construction compared to most homes on its street and in the wider city, offering move-in readiness with less concern for immediate major repairs. With 809 sqft of living space and a renovated basement, it provides efficient, compact living. The assessed value is strong for the immediate area, ranking well above local averages, which suggests a solid investment within its community context.
The primary appeal lies in its modern foundation within an established neighbourhood. It suits first-time homebuyers seeking a low-maintenance start, or investors looking for a relatively new property with a proven value history in King Edward. A thoughtful perspective is that while the living space is modest city-wide, its efficient layout and newer systems could mean lower utility and upkeep costs compared to larger, older homes. The lot size is typical for the area, offering manageable outdoor space without excessive maintenance.
Section 2: Frequently Asked Questions
1. How does the property's value compare to the area?
The home's assessed value ranks in the top 16% on its own street and top 12% in the King Edward neighbourhood, meaning it is valued significantly higher than many nearby comparable properties. City-wide, its assessment is around the median.
2. What are the implications of the home being built in 2016?
As a 10-year-old home, it likely benefits from modern building codes, materials, and systems (like plumbing and electrical), potentially reducing the risk and cost of near-term renovations. It ranks in the top 8% for year built on its street.
3. Is the living space sufficient?
At 809 sqft, the living area is around the average for the King Edward neighbourhood but below the Winnipeg city average. It represents a compact, efficient footprint ideal for individuals, couples, or small families.
4. What is the history of sold prices for this home?
Public records show two sales: one in October 2016 and another in April 2021. The exact sold prices are not publicly listed in detail, but the available ranges can be provided upon request to the listing service.
5. How does the lot size compare?
The land area is approximately 4,067 sqft, which is around average for both Collegiate Street and the King Edward neighbourhood. It is, however, below the average lot size for the city of Winnipeg as a whole.