Property Overview: 434 Collegiate Street, Winnipeg

Section 1: Key Characteristics & Appeal

This bi-level home at 434 Collegiate Street in Winnipeg's King Edward neighbourhood presents a practical and modern living opportunity. Its key appeal lies in its relative newness, being built in 2016, which places it among the top 10% of newest homes on its street and in the area. This suggests advantages like modern building standards, newer mechanical systems, and less immediate need for major updates. The home features a renovated basement and a living area of 809 sq ft, which is quite comfortable for the local context, ranking around average for both the street and the neighbourhood.

The property’s assessed value is notably strong for its immediate area, ranking above average on Collegiate Street and in King Edward. This indicates a perceived value that stands out among its closest peers. The lot size is standard for the local community, offering manageable outdoor space without extensive upkeep. This home would suit first-time buyers or downsizers seeking a low-maintenance, modern property in an established neighbourhood. It’s also a sensible choice for value-conscious investors, given its strong assessment relative to nearby older homes and the appeal of a recent build to tenants.

A less obvious perspective is that this property represents a balance between new construction convenience and established neighbourhood character. While its footprint is smaller than the citywide average, this often translates to lower utility costs and property taxes, offering efficiency that can be a long-term financial benefit.

Section 2: Frequently Asked Questions

1. What does the "above average" assessed value ranking mean for this property?
It means the municipal assessment for this home is higher than most comparable properties on its street and in the King Edward neighbourhood. This can reflect its newer construction and renovated condition, but it's important to review this in the context of actual market prices and property taxes.

2. Given it's a 2016 build, are there any potential builder warranty considerations?
Yes, as a home built just 10 years ago, it may still be within or just past the coverage period for some original components of the New Home Warranty (Tarion in Ontario). A buyer should investigate what warranties were provided and if any transferable coverage remains, especially on major structural elements.

3. How does the living space compare practically for daily life?
At 809 sq ft, the living area is very typical for the immediate area and is efficiently used in a bi-level layout. It is well-suited for a small household. Buyers accustomed to newer suburban homes with larger footprints should consider if the space meets their needs, though the modern build likely offers a functional floor plan.

4. The lot is noted as "below average" citywide. Is that a concern?
This is primarily a reflection of Winnipeg’s mix of neighbourhoods, where newer suburban lots are often larger. The lot is standard for the mature King Edward area, offering a manageable yard. It is not unusually small for the community and aligns with the lower-maintenance appeal of the property.

5. What is the significance of the sold price history showing a range?
The listed range (e.g., $26.5k ~ $29.5k in 6/2016) is based on public data. To get the exact historical sale price for precise equity or appreciation analysis, you must request it directly from the listing service, as they provide that specific figure manually via email.