Property Overview: 209 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1923, presents a classic character property in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its above-average living space (1,386 sq ft), which ranks within the top 8% of homes on its street and top 6% within the neighbourhood, offering more room than many comparable local properties. The home sits on a standard city lot and features an unfinished basement, presenting a blank canvas for future development.
The property suits two main types of buyers. First, it's a practical entry point for those seeking a character home in a central neighbourhood, who value space over a modern, turn-key condition and are prepared for a basement renovation project. Second, it appeals to value-focused buyers who prioritize getting more interior square footage for their investment compared to area norms, understanding that the assessed value is modest relative to the city-wide average. A less obvious perspective is that its "around average" metrics for the immediate area—for year built, land size, and assessed value—suggest it's a typical, unassuming property for the block, which can mean fewer surprises and a stable, established streetscape.
Section 2: Frequently Asked Questions
1. Why is the assessed value significantly lower than the city-wide average?
The assessed value is based on municipal valuation for tax purposes and is heavily influenced by the home's age, condition, and the average values within its specific neighbourhood and street. It is not a direct market price but indicates the home is valued in line with other older properties in the King Edward area.
2. What does "one-and-three-quarter storey" mean for the layout?
This classic Winnipeg style typically features full-sized main and second floors, with the top "quarter" storey consisting of finished rooms under sloped eaves, often used as bedrooms or a cozy den. It maximizes space within the home's footprint.
3. The basement is noted as "not renovated." What should I expect?
Expect a functional, unfinished space. It likely has the home's core utilities (furnace, water heater) and provides storage or laundry space, but it will require proper finishing for living or recreational use. This represents both a project and an opportunity to customize.
4. How does the living area compare to nearby, newer homes?
While this home offers more living space than many neighbours, a newer comparable on the same street (like 247 Collegiate, built 2011) may have a smaller, more modern layout but a higher assessed value. This highlights the trade-off between vintage space and modern construction.
5. Where can I find the exact historical sale price?
The provided sold price is a public data range. The listing service offers to provide the exact sale price from their records via a manual email request, which they aim to fulfill by the end of the same business day.