Property Overview: 543 Regent Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Kern Park presents a practical and value-oriented opportunity. Its key characteristic is a renovated basement, adding functional living space to the 736 sqft main floor. The detached garage and a land size of 4,605 sqft are above average for both the immediate street and the neighbourhood, offering good outdoor potential.
The appeal lies in its strong value proposition within its locale. The home's assessed value ranks in the top 20% on its street and above the neighbourhood average, suggesting it is a well-regarded property in the area relative to its peers. While the living space is compact compared to city-wide averages, this translates to lower maintenance and utility costs. The 1960 build date is newer than many nearby homes, which may imply fewer immediate concerns with aging components.
This property would suit first-time buyers seeking an entry point into homeownership with some immediate updates already done, or practical downsizers looking for a manageable single-level layout with a finished basement for family or hobby space. It’s a home for those who prioritize lot size, neighbourhood value, and a renovated basement over having a large main floor footprint.
Section 2: Frequently Asked Questions
1. How does the home's size compare to others?
The living area is below the average for Winnipeg, but is a typical size for the Kern Park neighbourhood. The renovated basement effectively adds usable space, making the overall footprint more functional than the main square footage alone suggests.
2. What does the assessed value ranking indicate?
The assessment is above average for the street and neighbourhood. This generally reflects the property’s perceived market value for taxation purposes relative to its immediate peers, often influenced by the lot size, renovations, and overall condition.
3. What is the significance of the lot size?
At over 4,600 sqft, the lot is larger than many in the area. This provides more private outdoor space than typical and could allow for gardening, expansions, or adding amenities like a shed or patio.
4. Are there any recent sales history details available?
The last recorded sale was in November 2019. For the exact sold price and a detailed history, you can request the information via email from the listing source.
5. What are the potential trade-offs with a home of this era?
Built in 1960, the home is newer than many in the area, which can be an advantage. However, buyers should still consider the potential age of major systems like plumbing, electrical, and the roof, and verify the scope and permits for the basement renovation.