Property Overview: 286 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1918, situated on a modest lot in Winnipeg's King Edward neighbourhood. Its key appeal lies in being a renovated, no-fuss property with a very manageable footprint. The living space of 828 sq ft is typical for the immediate street and area, making it a practical option rather than a spacious one. Notably, the home features a renovated basement and a detached garage.
The property’s assessed value is significantly below the citywide average, positioning it as an accessible entry point into the market. Its recent sale history suggests a stable, lower-price tier. This home would suit first-time buyers, downsizers, or investors looking for a straightforward, renovated property without the maintenance of a larger lot or structure. A thoughtful perspective is that its smaller scale and completed renovations offer immediate livability with lower utility costs and less upkeep, allowing owners to invest time and resources elsewhere.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
At 828 sq ft, the living area is very close to the average for both Collegiate Street and the wider King Edward neighbourhood. However, it is notably smaller than the typical Winnipeg home, which averages around 1,342 sq ft.
2. What does the assessed value indicate?
The assessed value is below average for the city and on the lower end for the immediate street. This generally reflects the home’s smaller size, lot, and age, but can also indicate a more affordable tax base relative to other properties.
3. Is the lot size a constraint?
The land area is smaller than most in the area and city. This means less exterior maintenance, but also limited space for large additions, gardens, or outdoor amenities. It’s a practical lot for those prioritizing a low-maintenance yard.
4. The home was built in 1918. What should I consider?
While the basement has been renovated, the core structure is over a century old. Prospective buyers should seek clarity on the scope of the renovations and ensure foundational elements, wiring, and plumbing have been adequately updated.
5. Who are the typical neighbours or comparable properties?
Based on nearby listings, the street consists primarily of similar one-storey homes from the early 20th century, with some newer infill. The mix suggests a stable, established residential area with a range of updated and original properties.