323 Collegiate Street

Property Overview: 323 Collegiate Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-three-quarter storey home, built in 1918, presents a classic Winnipeg character property with modern practicality. Its key appeal lies in its above-average living space (1,260 sq ft) for both its immediate street and the King Edward neighbourhood, offering more room than many comparable homes. The basement has been renovated, adding functional space. While the lot is modest for the city overall, it is fairly typical for the area, reducing yard maintenance. The home’s assessed value is very manageable, positioning it as an accessible entry point into the market.

This property would suit first-time buyers or practical downsizers looking for a character home without a massive footprint or yard to manage. Its appeal is grounded in value: you get more interior space than the neighbourhood average for a reasonable investment. A thoughtful perspective is that its "around average" metrics for the street and neighbourhood suggest a stable, established community without extreme outliers, which can be appealing for long-term consistency. The renovated basement is a significant functional advantage for storage, a home office, or recreational space.

Section 2: Frequently Asked Questions

1. How does the living area compare to nearby homes?
At 1,260 sq ft, the living area is above average for both Collegiate Street and the wider King Edward neighbourhood, ranking in the top 14% and 11% respectively for comparable homes. This means it offers more interior space than most direct peers.

2. What is the property’s assessed value and what does it indicate?
The assessed value is $24,600. This is around the average for the street and neighbourhood, but below the Winnipeg citywide average. This typically indicates a more affordable entry point into the market relative to the city, while being priced in line with the local area.

3. Is the lot size a constraint?
The lot is 2,709 sq ft. It is smaller than the Winnipeg average, which is common for older, established neighbourhoods. On Collegiate Street, it ranks below average (top 78%), but within the King Edward neighbourhood, it is closer to the typical size. It is a manageable lot for those preferring less yard maintenance.

4. How old is the home and what should I consider?
The home was built in 1918. While this grants classic character, potential buyers should budget for and investigate the condition of age-related components, such as the roof, wiring, and plumbing, as part of their due diligence. Its age is typical for the area.

5. Where can I find exact historical sold prices?
Exact sold prices are not publicly displayed. The listing service provides an estimated sold price range (e.g., $24.5k–$27.5k in April 2023). You can request the precise historical sale data by emailing the provided contact; they manually send the information without using your email for unsolicited marketing.