Property Overview: 484 Collegiate Street, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 484 Collegiate Street in Winnipeg's King Edward neighbourhood presents a practical and modern living option. Its key characteristic is its 1994 build year, which is notably newer than most homes on its street and in the wider city, suggesting updated core systems and potentially lower immediate maintenance needs. With 805 square feet of living space and a renovated basement, it offers compact, efficient living. The assessed value is consistent with the local area, indicating a fair market position.
The appeal lies in its turn-key readiness and its location within a well-established community. It suits first-time homebuyers seeking an affordable entry into the market without the concerns of a century-old property, or investors looking for a modernized rental property with reliable fundamentals. A thoughtful perspective is that while the lot size is smaller than the city average, it translates to less yard upkeep—an advantage for those seeking a low-maintenance lifestyle. The home doesn’t stand out for its size or luxury, but rather for its relative newness and solid footing in a mature neighbourhood.
Section 2: Frequently Asked Questions
1. How does the 1994 build year compare to nearby homes?
This home is significantly newer than the local average. On Collegiate Street, comparable homes average a 1948 build year, making this property roughly 46 years more recent, which often means more modern wiring, plumbing, and insulation.
2. Is the living space smaller than average?
Yes. At 805 sqft, the living area is below the average for both the immediate street and the city overall. This indicates a compact, efficient layout suited for individuals, couples, or small families.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. Buyers should inquire about the finish quality, permits, and whether it includes a legal secondary suite or simply additional living space.
4. How recent are the sold price figures shown?
The most recent sale data point is from June 2024, with a price range provided. For the exact historical sold price, you must request the information directly via the provided email service.
5. The assessed value seems low compared to the citywide average. Why?
The citywide average assessed value includes all property types and sizes across Winnipeg. This home’s assessment is aligned with averages for its specific street and neighbourhood, reflecting its smaller size and local market conditions rather than the broader, higher-value city average.