Property Overview: 142 Collegiate Street, Bruce Park, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 1927, presents a compelling opportunity centered on space and value within its context. Its most standout feature is the generous 1,500 sqft of living area, which ranks in the top 5% of homes on its street and is significantly above average for the Bruce Park neighbourhood. This suggests a home with ample room for a family or those who value spacious interiors, a notable find for a property of this era.

The appeal lies in a combination of above-average interior space on a larger-than-average lot (over 5,300 sqft) for the immediate area, paired with a very competitive assessed value. The data indicates you are getting more house for your dollar here compared to many peers on the street and in the neighbourhood. It suits practical buyers looking for solid square footage and land in a mature community, who are comfortable with a home that has a functional but unrenovated basement and the character of a near-century-old build. It’s a property for those who see potential in established structures and prioritize space over modern turn-key finishes.

Section 2: Frequently Asked Questions

1. What does "basement, not renovated" typically imply?
It means the basement is functional and usable (for storage, laundry, utilities) but has not been modernized or finished into a living space like a rec room or suite. Buyers should budget for any desired updates and consider a thorough inspection for a home of this age.

2. The assessed value seems low compared to the sale price. Why?
Municipal assessed value for tax purposes often lags behind current market values and is calculated using mass appraisal techniques. The sale price is determined by the present market. The key takeaway from the data is that this home's assessed value is high relative to other homes on its street, indicating it's viewed as a higher-value property in its immediate context.

3. How does the 1927 build year affect the home?
It places this home among the older properties in Winnipeg. This often means character details and solid construction, but also necessitates close attention to the condition of major systems (roof, plumbing, wiring, foundation) which may have been updated over time. Its age is average for Bruce Park, a mature neighbourhood.

4. The lot is large, but what about the detached garage?
A detached garage on a large lot offers flexibility. It provides secure parking and storage but also means navigating outdoors to access your vehicle. For some, this layout allows for future projects like a garage workshop, a garden, or even potential redevelopment of the lot, subject to zoning.

5. Who is the "neighbourhood" comparison group?
The "same area" data compares this home specifically to other properties within the Bruce Park neighbourhood boundary. This shows that while the home's living space is above average for Bruce Park, its lot size is more typical for the area, helping to clarify what features are truly standout.