Property Overview: 278 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2024, stands out as a modern offering in Winnipeg's King Edward neighbourhood. Its primary appeal lies in its new construction, offering a move-in-ready experience with a modern, renovated basement and the benefit of full warranties. At 1,400 sqft, the living space is notably generous for the immediate area, ranking in the top 7% on its street.
The data reveals a compelling contrast: while the property itself (its building size, assessed value, and newness) ranks in the elite tier locally, it sits on a smaller, more urban-sized lot. This creates a specific value proposition. It perfectly suits buyers seeking low-maintenance, modern living without the upkeep of an older home or a large yard, such as young professionals, small families, or downsizers who prioritize interior space and new systems over outdoor square footage. The significantly higher assessed value compared to neighbouring homes underscores its perceived modern premium and suggests a strong investment in contemporary finishes and building standards.
Section 2: Frequently Asked Questions
1. What does the "elite" ranking for Assessed Value mean?
It means this home's official assessed value is in the top 1-2% of all homes in both the King Edward neighbourhood and on Collegiate Street itself. This typically reflects its status as a new build with higher-quality materials and finishes compared to the area's predominantly older housing stock.
2. Is the smaller lot size a concern?
It depends on your lifestyle. The lot is smaller than area averages, which limits expansive gardening or large private outdoor space. However, this also translates to less yard maintenance. The trade-off is a larger, newer home on a more manageable property.
3. The sold price history shows a range. What's the actual price?
The provided range is based on public data. To receive the exact historical sold price, you must request it via the email button on the listing page. The service is manual but provided without marketing spam.
4. How does a 2024 home fit into an older neighbourhood?
It offers a unique blend: a brand-new, worry-free interior within an established community with mature trees and settled character. You benefit from modern energy efficiency and layouts while being part of a long-standing area.
5. There's no garage. What are the parking options?
The listing confirms there is no garage. Parking would be via on-street permit or, if space allows, a potential driveway pad (subject to city bylaws and lot configuration). This is a common configuration in this urban neighbourhood.