230 Collegiate Street

Property Overview: 230 Collegiate Street, Winnipeg

Key Characteristics & Appeal

This one-and-three-quarter storey home, built in 1918, is a standout property in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its generous scale and substantial lot. With over 2,000 square feet of living space, it ranks in the top 1% of homes locally for size, offering significantly more room than typical area houses. The property sits on a large 5,414 sqft lot, providing ample outdoor space and a sense of privacy that is increasingly rare for inner-city neighbourhoods. Key features include a detached garage and a full, unrenovated basement presenting a blank canvas for future development.

The home’s assessed value is positioned above average for its immediate area, reflecting its substantial physical attributes. It would best suit a buyer looking for a character home with abundant space, either for a large household or for someone with a vision for renovations. The unrenovated basement and the home’s age mean it appeals to those comfortable with a project, whether immediate or long-term. A less obvious perspective is its statistical rarity: finding a home of this size on a lot this large within the city is uncommon, making it a unique asset for the right owner who values potential over immediate move-in perfection.

Frequently Asked Questions

1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for homes of this era. It typically features a full main floor and a second floor where the roofline slopes inward, creating some rooms with full-height walls and others with sloped ceilings or dormer windows. It maximizes space and often adds character.

2. The assessed value seems low. What does this indicate?
The assessed value is for municipal tax purposes and is not a market valuation. Its position above the local average but around the city-wide median suggests the home is a substantial property for its neighbourhood. Market value is determined by recent sales, condition, and buyer demand.

3. The basement is noted as "not renovated." What should I consider?
This means the basement is in its original or utilitarian state. It presents both an opportunity to add significant finished living space and a responsibility to have its foundational structure, moisture control, and systems (like electrical) professionally inspected during the buying process.

4. How does the 1918 build year affect the home?
A home of this age possesses classic character and solid construction but requires diligent upkeep. Prospective buyers should prioritize inspections for the roof, wiring, plumbing, and insulation to understand both the charm and the potential ongoing maintenance inherent to a century-old structure.

5. The sold price history shows a range. How can I get the exact figure?
The exact sold price is not publicly available in Manitoba’s historical records. As noted, you can request this information directly from SaveOnHouse by providing your email. They provide the accurate figure manually as a service, without using your contact details for marketing.