250 Collegiate Street

Property Overview

This one-and-a-half storey home on Collegiate Street in Winnipeg's King Edward neighbourhood presents a solid, value-oriented opportunity. Its key appeal lies in offering above-average space and land for the immediate area at a relatively modest assessed value. The home features 1,286 sqft of living space, a renovated basement, and a detached garage on a 5,414 sqft lot. Built in 1947, it sits comfortably within the typical age range for its street and neighbourhood.

The data suggests a property that outperforms many of its closest peers. Its living area is in the top 11% on its own street and top 10% within King Edward, meaning it offers more interior space than most comparable homes nearby. Similarly, the lot size is notably larger than many in the area. This combination of a spacious interior on a generous lot in a mature neighbourhood is its primary draw. It would suit a practical buyer looking for room to grow or live comfortably without a premium price tag, or an investor attracted by its consistent value history and the neighbourhood's stability. A thoughtful perspective is that while the home may be average city-wide in some metrics, it represents a relative standout in its specific locale, offering a "bigger fish in a smaller pond" advantage.

Frequently Asked Questions

1. How does this home's value compare to others nearby?
The home's assessed value of $33,800k is above the average for both Collegiate Street and the wider King Edward neighbourhood, placing it in the top 12-16% of comparable properties. This suggests it is viewed as a higher-value asset in the area, likely due to its larger living area and lot size.

2. What is the significance of the sold price history shown?
The home sold previously in 2021 and 2016. The price ranges indicate it has consistently sold at levels considered well above the local average for those times (top 7% in 2021, top 20% in 2016), demonstrating a history of strong market performance relative to its immediate peers.

3. Is the lot size a notable feature?
Yes. At over 5,400 sqft, the lot is significantly larger than the average for both the street and the King Edward neighbourhood (top 15-27%). This provides valuable outdoor space and potential that many homes in the area do not offer.

4. The home was built in 1947. Is that a concern?
For this area, it's typical. The build year is around the average for both Collegiate Street and King Edward. Buyers should expect the maintenance considerations common to homes of this era, but it is not an outlier in terms of age for the neighbourhood.

5. You mention a "renovated basement." What does that include?
The provided details confirm the basement is renovated but do not specify the scope or finish. This is a key point to clarify with the listing agent to understand the quality of the renovation and how the additional space is currently configured or could be used.