Property Overview: 194 Collegiate Street, Bruce Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1918, presents a practical opportunity in Winnipeg's Bruce Park neighbourhood. Its key appeal lies in its efficient use of space and its position relative to the local market. With 1,239 sqft of living area, the home is notably spacious for its street, offering more room than most immediate neighbours. The land size is typical for Collegiate Street but is more modest compared to the broader neighbourhood and city, suggesting a manageable yard.
The home suits a value-conscious buyer, perhaps a first-time homeowner or an investor, who prioritizes interior space over a large lot. Its renovated basement adds functional living area. The historical sale data shows significant appreciation, indicating the area's growing desirability. A thoughtful perspective here is that while the home ranks below average in several city-wide metrics (like lot size and year built), it outperforms on its own street—highlighting a tight-knit block of character homes where this property is a strong contender. It’s for someone who sees value in a established community setting over a newer suburban build.
Section 2: Frequently Asked Questions
1. Is the lot size a disadvantage?
While the 3,795 sqft lot is below the Winnipeg average, it is very typical for Collegiate Street itself. This means lower maintenance than a larger property, which can be an advantage for many buyers.
2. How does the 1918 build year affect the home?
The age places it below average for the city, so a thorough inspection is wise. However, it is around the average age for its immediate street, suggesting the character and construction of the era are the norm in this specific location.
3. The assessed value seems low. Why?
The $27,400 assessment is for tax purposes and is not an indicator of market value. The home last sold for $270,000 in 2021, which is the more relevant figure for understanding its worth.
4. Who would this neighbourhood suit?
Bruce Park offers established community charm. The data shows this home's metrics are often stronger on its street than in the wider neighbourhood, suggesting a desirable micro-location within Bruce Park that appeals to those seeking a neighbourly feel.
5. What does the living area ranking tell us?
Ranking in the top 15% for living area on its street is a significant plus. It means you get more interior space than most homes on the block, which is a efficient use of the property's footprint.