Property Overview: 280 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1918, presents a classic Winnipeg character property in the King Edward neighbourhood. With 1,020 sqft of living space, it offers a comfortable footprint that is typical for the immediate area, though its lot size of 2,707 sqft is notably compact, even for this established part of the city.
The primary appeal lies in its position as an accessible entry point into the market. The assessed value is significantly below both city-wide and many local averages, suggesting a lower barrier to entry. This isn't a sprawling modern home; its charm is in its simplicity and potential. It would suit a first-time buyer, an investor looking for a straightforward rental property, or someone seeking a modest, low-maintenance footprint without leaving a central neighbourhood. A thoughtful perspective for this type of home is to view the compact lot not just as a limitation, but as a practical feature—reducing yard work and exterior upkeep costs, which can be a hidden benefit for busy owners or those looking to minimize ongoing expenses.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (listed as $21.10k) is for municipal tax purposes. The market value (or selling price) is determined by current market conditions and what a buyer is willing to pay, which is typically much higher. Recent sales data for similar homes in the area provides a better gauge.
2. What does "one-and-a-half storey" mean for this home?
Typically, this style features a full main floor and a second floor under a sloped roof, where the ceiling height may be lower in parts. It often means cozy, character-filled upstairs bedrooms, but may involve renovation considerations to modernize the space.
3. How does the compact lot size affect living here?
The lot is smaller than most in the area. This means a smaller yard, which limits extensive outdoor recreation space but also reduces maintenance. It's crucial to check municipal bylaws regarding setbacks if considering future additions, as space for expansion may be limited.
4. The home is over 100 years old. What should I be prepared for?
While offering charm, a home of this age likely has original components. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and roof. Budgeting for updates and embracing the character of older construction are part of the ownership experience.
5. Why are the comparable sold prices shown as a range?
The public data used provides estimated sale ranges. To obtain the exact historical sale price for this property, you must request it directly from the source via the provided email link, as this information is not fully disclosed in public records.