Property Overview: 308 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 901 sqft bi-level home, built in 2013, stands out in the established King Edward neighbourhood for its modern construction amidst a sea of much older properties. Its key appeal lies in this balance: offering the low-maintenance benefits and contemporary systems of a newer build within a mature, central community. The home features a renovated basement and a detached garage.
The data reveals a thoughtful perspective. While the living space is modest and the lot size is smaller than most in the area, this contributes to a manageable footprint ideal for downsizers, first-time buyers, or investors seeking an efficient property. The assessed value is notably above average for both the street and the neighbourhood, suggesting the market recognizes a premium for its newer age and condition. This home suits buyers looking for a "lock-and-leave" lifestyle without sacrificing location, or those who want modern mechanics but prefer the character of an older neighbourhood over a new subdivision.
Section 2: Frequently Asked Questions
1. How does the smaller lot size impact the property?
While below average in land area for the city and neighbourhood, the lot is typical for newer infill development. This often translates to less exterior maintenance and yard work, which can be a positive for those seeking simplicity.
2. The assessed value seems high for the square footage. Why?
The assessment reflects more than just size. The home's 2013 build date means major components like roofing, windows, and mechanical systems are relatively new and efficient, reducing near-term capital costs—a significant value factor compared to century-old neighbours.
3. What is the neighbourhood mix like?
King Edward is characterized by a blend of original early-1900s homes and newer infill properties like this one. This creates a dynamic streetscape with a mix of long-term residents and newer owners.
4. Is the living space sufficient for a family?
The bi-level layout and 901 sqft of living area are compact. It may suit a small family or work best for individuals, couples, or as an investment property. The renovated basement offers potential for additional flexible space.
5. How does this property compare to a brand-new build in the suburbs?
You are trading square footage and lot size for location and established community. This home offers a central location with likely shorter commutes and mature tree lines, but with many of the modern amenities of a newer construction.