Property Overview: 213 Collegiate Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-and-a-half storey home built in 1918, offering 843 square feet of living space on a 2,708 sqft lot in Winnipeg's King Edward neighbourhood. Its key appeal lies in its position as an accessible entry point into homeownership. The assessed value is notably low compared to city-wide averages, suggesting a potentially lower property tax burden and a straightforward financial footprint. The home has a full, unrenovated basement, providing functional storage or future expansion space.
Its appeal is practical rather than luxurious. It suits first-time buyers, investors, or downsizers seeking a modest, no-frills property with core functionality. A thoughtful perspective is that its smaller scale and lot size translate to lower maintenance costs and effort—a significant advantage for those prioritizing time and budget over space. While its size and features rank below city averages, they are more aligned with the local street and area context, representing a typical offering for this specific community. The property represents a classic "value play," where the investment is in the land and location within King Edward, with the home itself offering basic shelter and potential.
Frequently Asked Questions
1. What does the "below average" assessed value mean for me?
A lower assessed value typically results in lower municipal property taxes, which is a direct annual savings. It generally reflects the home's modest size, age, and condition relative to the broader market.
2. Is the unrenovated basement a major concern?
It indicates the space is in original condition and may not be finished as living space. It provides storage and houses mechanical systems, but any conversion to a living area would require a significant investment and proper permits.
3. Who would this property not be suitable for?
It would likely not suit buyers looking for a modern, move-in-ready home, those needing multiple bedrooms or ample living space, or anyone unwilling to take on potential updates or renovations over time.
4. How does the lot size impact the property?
At just over a quarter of an acre, the lot is smaller than many in Winnipeg. This means less outdoor maintenance but also limited space for expansions, large gardens, or extensive outdoor amenities.
5. The sold price history shows a range. Why isn't it exact?
Exact sale prices are not always publicly available in Manitoba. The provided range is estimated from public data. For the precise historical sale price, you can request it directly via the provided email service.