Property Overview & Key Characteristics
This one-and-a-half storey home, built in 1918, sits on a 3,688 sqft lot in Bruce Park. Its primary appeal lies in its solid, above-average living space (1,104 sqft) for a home of its vintage on Collegiate Street, offering more interior room than many immediate neighbours. The lot size is typical for the street, and the property's assessed value positions it as a more accessible entry point within the Winnipeg market. It has an unfinished basement and no garage.
The home suits practical buyers looking for character in a mature neighbourhood without a premium price tag. It’s ideal for a first-time buyer, an investor, or someone seeking a project home with a straightforward footprint. Its value is contextual: while its metrics are below neighbourhood and city averages in several categories, it represents a specific opportunity on its own street where it holds its own in terms of living space. The recent sale history suggests a market that has seen activity, making it a tangible, priced-in-reality option rather than a speculative listing.
Frequently Asked Questions
1. How does the lot size compare?
The lot is just under 3,700 sqft, which is very close to the average for Collegiate Street itself. It is smaller than the typical lot in the broader Bruce Park area and significantly smaller than the Winnipeg city average.
2. What does the assessed value indicate?
At $21,800, the assessed value is around average for Collegiate Street but is below average for both the Bruce Park neighbourhood and Winnipeg overall. This often reflects the home’s age, condition, and lot size, and can signal a relatively lower property tax burden.
3. Is the living space sufficient for a family?
With over 1,100 sqft of living area, the home offers more space than many comparable homes on its street. For a small family or couple, the layout may be workable, but the one-and-a-half storey design and unrenovated state mean the flow and functionality should be carefully considered.
4. What can be inferred from the recent sale history?
The home sold for $220,000 in late 2022 and $180,000 just six months prior. This shows active market interest and price movement, providing concrete, recent data points for valuation comparison.
5. Are there any major missing features?
The listing notes there is no garage and the basement is unfinished and not renovated. This means parking and storage solutions will need to be factored into planning and budget, and the basement presents potential but requires investment to become finished living space.