Property Overview: 307 Regal Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Glenwood neighborhood, built in 1950. Its key characteristic is balance: it presents a manageable, renovated living space on a notably generous lot for the area. The 792 sqft living area is modest, ranking below the city average, but it is paired with a renovated basement and a detached garage. The true standout is the 5,796 sqft lot, which is significantly larger than most in Glenwood, offering ample outdoor space and potential.
The appeal lies in its efficiency and opportunity. It suits first-time buyers or downsizers looking for a lower-maintenance home without sacrificing yard space. The renovated basement adds functional living area, making the home feel larger than the main floor square footage suggests. It’s a property for a practical buyer who values a larger, private outdoor area over a sprawling interior, and who sees the value in a home that is financially manageable in both its assessed value and its scale.
Section 2: Frequently Asked Questions
1. Is the home truly "below average" in size?
While the living area is below the city-wide average, it's more in line with the scale of older homes in Glenwood. The renovated basement effectively adds usable space, making the total functional area more competitive for the neighborhood.
2. What does the large lot size mean for me?
The lot is a premium feature for Glenwood. It provides exceptional space for gardening, recreation, or future additions like a shed or deck. It also offers a greater sense of privacy and potential for landscaping that smaller lots in the area cannot.
3. Who would this property not suit?
It may not be ideal for a large or growing family that requires multiple bedrooms or more expansive single-floor living. Those prioritizing a modern, open-concept layout or a home requiring no immediate updates might also find it less fitting.
4. How does the assessed value compare to recent sale prices?
The assessed value is around $29.80k. The most recent recorded sale in early 2024 was in the range of $32.50k to $35.50k, suggesting the market price may trend above the assessment, a point for buyers to consider in their offer strategy.
5. What is the typical buyer for this street and area?
Regal Avenue and Glenwood attract a mix of long-term residents, first-time homeowners, and investors. The area offers stability, and this particular home, with its balance of a renovated interior and large lot, is likely to attract owner-occupants seeking value and space.