Property Overview: 148 Collegiate Street, Bruce Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1926, presents a practical opportunity in Winnipeg's Bruce Park neighbourhood. Its key characteristic is a well-proportioned living space of 1,248 sqft, which is notably above average for homes on Collegiate Street. The property features a renovated basement and a detached garage on a standard 3,634 sqft lot.
The appeal lies in its efficient scale and established location. It offers more interior space than many direct street comparables, providing good value within its immediate context. The renovated basement adds functional living area, a significant plus for a home of this era. It suits buyers looking for a character home without excessive maintenance, such as first-time homeowners seeking a sensible entry into the market or downsizers wanting a manageable property in a mature neighbourhood. A thoughtful perspective is that while the lot size is modest for the broader area, it translates to less yard work, aligning with a low-maintenance lifestyle. The home’s assessed value sits comfortably around local averages, suggesting a stable, unpretentious investment rather than a speculative play.
Section 2: Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 1,248 sqft, this home offers more living area than the average (977 sqft) for similar properties on Collegiate Street itself, making it a relatively spacious option on its block.
2. What should I know about a home built in 1926?
While the basement has been renovated, a home of this age will have the typical considerations of a century-old structure. Prospective buyers should prioritize a thorough inspection focusing on foundational integrity, original plumbing and electrical updates, and roof condition.
3. Is the lot size a limitation?
The lot is a standard city size for the street but is below the larger average for the wider Bruce Park area. This means less private outdoor space but also reduced upkeep. It’s a practical fit for those not seeking extensive gardening or yard space.
4. What does the assessed value indicate?
The assessed value is consistent with averages for both the street and neighbourhood. This typically indicates the property is aligned with local market norms, not over- or under-valued based on municipal assessment metrics.
5. What is the neighbourhood context like?
Based on the data, Collegiate Street is a street of varied home sizes and ages. This property ranks well for living space within that specific micro-area, suggesting it may be one of the larger homes on the block, offering a slight comparative advantage.