Property Overview: 400 Collegiate Street, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 400 Collegiate Street in Winnipeg's King Edward neighbourhood presents a practical and modernized living option. Built in 2010, it is a notably newer construction compared to most homes on its street and in the wider city, offering contemporary building standards and less immediate concern for major age-related repairs.

The home’s primary appeal lies in its balance of a recent build with a renovated basement, providing flexible living space within a manageable 866 sqft footprint. Its assessed value ranks above average for both the immediate street and the King Edward area, suggesting it is viewed favorably relative to its local peers. The lot size is compact at 2,710 sqft, which translates to lower maintenance outdoors—a potential benefit for those seeking a simpler yard.

This property would suit first-time homebuyers or downsizers looking for a modern, low-maintenance home in an established neighbourhood. It’s also a sensible fit for an investor seeking a relatively new property with rental-ready features, like the finished basement. The data indicates you are paying a premium for the newer build and condition compared to area averages, but receiving a property that stands out in its immediate context.

Section 2: Frequently Asked Questions

1. How does the home’s size compare to others?
At 866 sqft of living area, the home is close to the average size for the King Edward neighbourhood (~952 sqft) but is considered below average citywide. It’s a compact, efficient layout suited to individuals, couples, or small families.

2. What does the "above average" assessed value mean for this property?
The assessed value of $33.7k is in the top 17% on Collegiate Street and top 13% in King Edward. This typically indicates the municipal assessment views the property’s value (combining land and improvements) more favorably than many surrounding properties, likely due to its newer construction and renovations.

3. Is the lot size a disadvantage?
The 2,710 sqft lot is smaller than many in Winnipeg. This means less private outdoor space and potentially a closer proximity to neighbours. However, it also means less yard work and lower maintenance, which can be a deliberate advantage for the right buyer.

4. The home sold in 2017. What can that price history tell me?
The last recorded sale was between $25.5k and $28.5k in June 2017. Comparing that to the current $33.7k assessment shows a trend of increased value over an 8-year period. For an exact sale price, you can request the information via email from the listing source.

5. Who might the neighbouring properties be?
The direct neighbours on Collegiate Street (e.g., 398, 402, 404) are primarily older homes, many built in the early 1900s. This creates a streetscape of established character where this 2010 build is a modern exception.