Property Overview & Key Characteristics
This 874 sqft bi-level home at 466 Collegiate Street in Winnipeg's King Edward neighbourhood presents a practical and modern living opportunity. Built in 2016, it is a notably newer construction compared to most homes on its street and across the city. The home features a renovated basement, adding to its liveable space, though it does not include a garage or pool.
Its primary appeal lies in its modern build within an established area, offering move-in readiness with less concern for the major maintenance or updating often required of older properties. The assessed value is strong for both the immediate street and the broader King Edward area, suggesting a well-regarded property in its local context.
This home would suit first-time buyers or downsizers seeking a low-maintenance, contemporary property without a premium "new subdivision" price tag. It’s also a sensible fit for pragmatic investors looking for a newer asset with modern systems in a stable, central neighbourhood. A thoughtful perspective is that while the lot size is smaller than the city average, it translates to less yard upkeep—a potential benefit for those prioritizing interior space and efficiency over extensive outdoor maintenance.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 874 sqft, the living area is close to the average for both Collegiate Street and the King Edward neighbourhood, but is below the overall Winnipeg average. The renovated basement effectively expands the usable space.
2. Why is the assessed value higher than many neighbours?
The assessed value ranks well above average for the area, which is likely influenced by the home's newer construction year (2016) and renovated condition compared to the many older homes that surround it.
3. What does the sale history indicate?
The property sold previously in late 2017 for an estimated range of $24.5k to $27.5k. The current assessed value of $32.8k reflects appreciation since that time.
4. Is the lot size a limitation?
The lot is approximately 2,712 sqft, which is typical for the street but smaller than the Winnipeg average. This may limit extensive landscaping or additions but offers easier upkeep.
5. Who are the immediate neighbours?
The home is part of a tight-knit block of similar bi-levels, as indicated by the addresses listed within meters of the property (e.g., 464, 468 Collegiate Street). This suggests a consistent streetscape and neighbourhood character.