Property Overview: 283 Regal Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This one-storey home on a generous 5,448 sqft lot in Glenwood presents a practical and straightforward opportunity. Its key characteristic is a compact, 737 sqft living space, which is below average for the area, paired with a renovated basement that adds functional space. The detached garage and above-average lot size for Glenwood offer valuable outdoor and storage potential.
The appeal lies in its efficiency and value. With an assessed value that is average for its immediate street and neighborhood, it represents a more accessible entry point into the Winnipeg market. The recent sale in early 2025 suggests a refreshed market valuation. This property would suit first-time buyers or downsizers seeking a manageable footprint without sacrificing yard space. It’s also a candidate for value-conscious investors or buyers comfortable with a smaller main-floor living area who see potential in the finished basement and lot.
A less obvious perspective is its positioning within the data: while the house itself is modest in size, it sits on a lot that ranks in the top 15% within Glenwood. This highlights a property where the land may hold as much value as the structure, appealing to those with long-term vision.
Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 737 sqft, the living area is below the average for homes on Regal Avenue and in the wider Glenwood area. The renovated basement provides additional usable space.
2. What is the significance of the lot size?
The 5,448 sqft lot is a standout feature, ranking in the top 15% for the Glenwood neighborhood. This offers more private outdoor space than many comparable properties.
3. Is the assessed value a reliable indicator of the sale price?
The assessed value is around average for the street and neighborhood. However, the property sold in February 2025, and that sale price is the most current indicator of its market value.
4. What type of maintenance should be expected for a home of this age?
Built in 1953, the home is older than many in Glenwood. Prospective buyers should budget for and investigate updates to major aging components like the roof, plumbing, and electrical systems.
5. How can I find out the exact price it sold for in 2025?
The listed sale price is a range based on public data. The exact sale price can be requested directly from the website via the provided email contact form.