Property Overview
464 Collegiate Street is a renovated bi-level home in Winnipeg's King Edward neighbourhood. Built in 2013, it is a notably newer construction compared to most homes in the area. With 874 square feet of living space and a renovated basement, it offers modern finishes within a compact, efficient layout. The property sits on a 2,712 sqft lot, which is typical for the immediate street but smaller than the citywide average. Its assessed value of $32.30k is consistently above average for both the street and the broader neighbourhood, reflecting its newer build and updated condition.
The appeal here is rooted in move-in readiness and modern efficiency, without the maintenance concerns common with century-old homes. It suits first-time buyers seeking a manageable, updated property, or investors looking for a newer asset with potential for rental income. A thoughtful perspective is that while the lot is modest, it translates to less yard work and lower exterior maintenance costs—a practical advantage for those prioritizing their time and budget. Its above-average assessment for the area suggests it's perceived as a solid, valuable holding in its immediate context.
Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 874 sqft, the living area is close to the average for Collegiate Street and the King Edward neighbourhood, but is below the average home size across Winnipeg. This indicates a comfortable fit for the local area, ideal for smaller households.
2. Why is the assessed value higher than many neighbours?
The primary reasons are the 2013 build year, which is much newer than the neighbourhood's typical 1948 construction, and the renovated basement. These factors contribute to a higher valuation compared to older, unrenovated properties nearby.
3. What are the implications of the lot size?
The lot is average for the street but below the Winnipeg average. This means smaller outdoor maintenance, which can be a benefit, but may limit expansion possibilities like a large addition or garage if that is a future goal.
4. Is there a garage or parking?
The listing specifies there is no garage. Buyers should inquire about on-street parking permits or the feasibility of adding a driveway or parking pad.
5. How can I find out the exact historical sale price?
The provided sold price is a range from public data. The listing service offers to provide the exact sale price by email request, handled manually with a promise of no marketing spam.