Property Overview
This one-storey home at 2 Regina Place in Winnipeg's Kildare-Redonda neighbourhood presents a specific and practical value proposition. Its key appeal lies in the combination of a very generous, above-average lot and a recently renovated basement, all at an accessible price point indicated by its assessed value. The 833 sqft living area is compact, ranking below average for the street and city, which suggests a efficient, low-maintenance footprint. However, this is balanced by a land area of over 6,500 sqft, which is notably larger than most lots in the immediate area and across Winnipeg. The detached garage adds practical storage or workshop space.
This property would suit a first-time buyer, an investor, or a downsizer looking for a solid foundation in a mature neighbourhood without a large mortgage. Its true potential is for a buyer who values outdoor space for gardening, pets, or future expansion more than expansive interior square footage. The renovated basement adds immediate functional living space, making the home feel larger than the main floor footprint suggests. It’s a home for someone comfortable with a 1970s-era structure who sees the land and the finished basement as the primary assets.
Frequently Asked Questions
1. Is the house itself particularly small?
Yes, the 833 sqft living area is below average for the street, neighbourhood, and city. This indicates a compact, efficient layout. The renovated basement effectively adds more usable space to the total living area.
2. What is the most significant positive feature?
The land. At 6,554 sqft, the lot size is in the top 7% for the Kildare-Redonda area, offering a much larger yard than is typical. This provides rare potential for gardening, recreation, or future additions.
3. How does its value compare to nearby homes?
Its assessed value is around the neighbourhood average but is the lowest on its own street. This can represent an entry point into the area, with the lot size offering a feature that may not be fully reflected in that valuation.
4. What should I consider about the location on Regina Place?
The data shows it is the newest home on the street (built 1970) and has the smallest living area. This suggests a street of older, potentially larger homes, where this property might be a more affordable and modernized option.
5. Is the sold price history from 2017 relevant today?
It provides a historical benchmark, but market conditions have changed significantly since 2017. The assessed value and recent market trends for similar homes in Kildare-Redonda will be more current indicators of value.