Property Summary
Key Characteristics & Appeal
This bi-level home at 436 Collegiate Street in Winnipeg's King Edward neighbourhood is a modern property built in 2016, making it notably newer than most homes in the area. With 809 square feet of living space and a renovated basement, it offers efficient, low-maintenance living. The home's standout feature is its financial profile: it holds an assessed value that ranks well above average for both its street and neighbourhood, suggesting a strong investment relative to its immediate peers. However, its lot size is more compact, especially when compared to the Winnipeg city-wide average.
The appeal lies in this contrast. It suits a first-time homebuyer or an investor seeking a modern, turn-key property without the upkeep of an older home, and who prioritizes fiscal efficiency and location over expansive square footage. It’s a practical choice for someone who wants to be in a mature neighbourhood but in a structure that feels current. A less obvious perspective is that its above-average assessment but modest size could indicate a premium for newer construction in the area, appealing to those who value modern systems and design over character or yard space.
Frequently Asked Questions
1. How does the home's size compare to others?
At 809 sqft, the living area is fairly typical for homes on Collegiate Street and in the King Edward area, but is below the average size for a home across Winnipeg.
2. Why is the assessed value considered above average?
The assessed value ranks in the top 18% on its street and top 13% in the King Edward neighbourhood. This indicates the property is valued higher than most comparable homes nearby, likely due to its newer construction (2016) and renovated basement.
3. What does the sold price history show?
Public data shows it last sold in May 2016 for an estimated range of $29.5k to $32.5k. For the exact historical sold price, you can request the information directly via the listing page.
4. Is the lot size a constraint?
The lot is 2,711 sqft, which is average for the local area but smaller than the typical Winnipeg lot. It provides adequate outdoor space for a small garden or patio but may not suit those seeking a large yard.
5. Who would this property suit best?
It's an ideal fit for a pragmatic buyer—such as a first-time homeowner, downsizer, or investor—looking for a modern, low-maintenance home in a central neighbourhood, who values newer construction and a strong assessment value over a larger footprint.