Property Summary: 305 Regal Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, well-situated one-and-a-half storey home in Winnipeg's Glenwood neighborhood. Built in 1950, its 920 sqft of living space is typical for the immediate area but offers a notably larger-than-average lot for Glenwood at 5,796 sqft, providing valuable outdoor space. The home features a renovated basement and a detached garage. Its assessed value is consistent with the local market.
The primary appeal lies in its balance of a solid neighborhood footprint and land potential. While the house itself is average for the street, the lot size is a standout feature locally, offering room for gardening, expansion, or future development. It suits first-time buyers, downsizers, or practical investors looking for an entry into a stable area without a premium price tag. It’s a property where the land may hold more long-term value than the structure, appealing to those who see potential beyond the current floorplan.
Frequently Asked Questions
1. How does this home compare to others in Winnipeg?
Citywide, the living space is below average and the home is older than typical, which is reflected in its below-average assessed value compared to the Winnipeg average. Its strength is its above-average lot size for the Glenwood area.
2. What is the significance of the lot size?
At nearly 5,800 sqft, the lot ranks in the top 12% for size within Glenwood. This is a key asset, offering more privacy and yard space than many neighboring properties and could be a factor for future landscaping or renovation projects.
3. Has the property value been stable?
Based on its last sale in late 2021 and its current assessment, the value appears consistent with the local market trends for similar homes in Glenwood, showing neither dramatic appreciation nor decline in that period.
4. What should I consider about the home's age?
Built in 1950, the home is older than many in its immediate area. Prospective buyers should prioritize a thorough inspection to understand the condition of major aging components like the roof, plumbing, and electrical systems, balanced against the benefits of a renovated basement.
5. Who would this property not suit?
It may not suit buyers seeking a modern, open-concept layout or substantial interior space without undertaking major renovations. The living area is compact, and the one-and-a-half storey design often involves smaller, cozier rooms typical of its era.