Property Overview: 474 Collegiate Street, Winnipeg
Key Characteristics & Appeal
This 1993 bi-level home at 474 Collegiate Street in Winnipeg's King Edward neighbourhood presents a practical, low-maintenance opportunity. Its key appeal lies in its relative modernity compared to the area; built in 1993, it is notably newer than most homes on its street and in the wider city, potentially meaning fewer concerns with aging major systems. The home features a renovated basement and a modest 771 sqft of living space, which is smaller than area averages but contributes to its manageable scale.
The property suits first-time buyers, downsizers, or investors seeking an affordable entry into the market with a home that requires less immediate updating. Its assessed value is consistent with the local area, suggesting a stable, no-surprises valuation. A thoughtful perspective is the lot size: at 2,712 sqft, it is smaller than the city average but typical for the street, offering enough outdoor space for a garden or patio without demanding extensive upkeep. This isn't a sprawling property, but a grounded, efficient one that prioritizes function and location over sheer size.
Frequently Asked Questions
1. How does the home's size compare to others?
At 771 sqft, the living area is below the average for both the King Edward neighbourhood and Winnipeg overall. This indicates a compact, efficient layout suited for individuals, couples, or small families.
2. What does the "above average" year built mean for me?
Built in 1993, the home is significantly newer than the typical area home (many from 1948). This can be an advantage, potentially indicating updated building materials, electrical, and plumbing systems compared to much older stock, which may reduce near-term renovation needs.
3. Is the assessed value a good indicator of the selling price?
The assessed value ($27,100) is a municipal valuation for tax purposes and is around average for the immediate area. Market conditions, the home's interior condition, and recent upgrades will ultimately determine the final sale price.
4. What are the implications of the smaller lot size?
The 2,712 sqft lot is manageable and typical for Collegiate Street. It means less yard maintenance but also less private outdoor space compared to many city properties. It's a balanced trade-off for those seeking a lower-maintenance property.
5. Where can I find the exact historical sale prices?
Exact sold prices are not publicly displayed in detail here. The listing service offers to provide the precise sale history via email upon request, as shown in the sold price history section.