Property Overview: 377 Collegiate Street, Winnipeg
Key Characteristics & Appeal
This 4-level split home, built in 1918, presents a compelling mix of space, location, and value within Winnipeg's King Edward neighbourhood. Its primary appeal lies in its generous proportions. With nearly 2,000 sqft of living space, it ranks in the top 1% for size both on its street and in the wider neighbourhood, offering significantly more room than most comparable local homes. This is complemented by an above-average land area of over 5,400 sqft, providing ample outdoor space that is a relative rarity in the area.
The home’s assessed value positions it as an above-average property within its immediate context, suggesting solid inherent value for the location. While the basement is noted as unrenovated, this offers a clear opportunity for customization. The detached garage adds practical storage or workshop space.
This property would best suit a buyer looking for a character home with abundant interior space and a larger lot, who values a established neighbourhood and is prepared for the potential updates that come with an older home. It’s a practical choice for a growing family, a multi-generational household, or a buyer who prioritizes square footage and land over a modern, turn-key finish.
Frequently Asked Questions
1. How does the home’s age affect its condition and potential costs?
Built in 1918, the home is older than the citywide average. Buyers should budget for a thorough inspection to understand the state of major systems like wiring, plumbing, and the roof, which may need attention or updating.
2. The living area is large, but the layout is a 4-level split. What should I consider?
A 4-level split can offer excellent separation of living and sleeping areas, but it also means more stairs. This layout is worth viewing in person to see if the flow works for your household, especially for those with mobility concerns or very young children.
3. The basement is noted as "not renovated." What does this typically mean?
This usually indicates the basement is in original or functional condition, but not modernized. It likely has raw potential for future development as a rec room, additional bedrooms, or rental suite (subject to zoning and permits), but would require investment.
4. The home last sold in 2019. Is the price history available?
The listed sale price range is based on public data. For the exact historical sold price, you can request it directly via the provided email service on the listing page.
5. How does the assessed value relate to the likely market price?
The assessed value is used for municipal tax purposes and is one indicator of value. Market price is determined by current supply, demand, and the home's specific condition, and can be higher or lower than the assessed amount. Recent sales of similar homes in King Edward are the best comparison.