Property Overview
This one-and-a-half storey home, built in 1918, presents a unique value proposition in Winnipeg's Bruce Park neighborhood. Its primary appeal lies in its efficient use of space and its position as a relatively larger home on a modestly-sized lot within its immediate streetscape. With 1,242 sqft of living space, it offers significantly more room than most comparable homes on Collegiate Street. The home features a renovated basement, adding to its functional living area. It sits on a 2,712 sqft lot, which is typical for the street but smaller than the broader neighborhood and city averages. This combination suggests a property that maximizes interior space without the maintenance burden of a large yard.
It would suit a first-time buyer or an investor looking for a character home with modernized fundamentals in a central location. It’s also a practical fit for someone who values interior square footage over expansive outdoor space. The below-average assessed value citywide indicates a potentially accessible entry point into the market, though buyers should note the home’s age and plan for associated upkeep.
Frequently Asked Questions
Q: How does the living space compare to nearby homes?
A: Very favorably on its own street. This home ranks in the top 15% on Collegiate Street for living area, offering about 265 sqft more than the street average. It's comfortably around the average size for the wider Bruce Park neighborhood.
Q: What should I consider about the year it was built (1918)?
A: While full of character, a home from 1918 will likely have older building materials and systems. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and insulation. The renovated basement is a positive update.
Q: The lot seems smaller than some. Is that a disadvantage?
A: It depends on your priorities. The lot is typical for Collegiate Street but smaller than the Winnipeg average. This means lower yard maintenance, but also limited space for additions, large gardens, or extensive outdoor recreation. It emphasizes the property's focus on interior living space.
Q: The assessed value seems low compared to the city average. Why?
A: The assessed value is around average for its immediate area but below the Winnipeg average. This typically reflects a combination of the home's age, the lot size, and the specific market values of the Bruce Park neighborhood. It's not an appraisal of market sale price but a key municipal tax metric.
Q: Is there a garage or parking?
A: According to the listing details, the property does not have a garage. Buyers should investigate on-street parking permits or the potential to create a parking pad, subject to local bylaws.