Property Overview: 103-700 Regent Avenue W
Key Characteristics & Appeal
This is a well-positioned condo unit in the Melrose neighbourhood, built in 2009. Its primary appeal lies in offering above-average space and value within its immediate building and street context. At 1,018 sqft, it ranks in the top 2% for living area on Regent Avenue W, offering significantly more space than the local average of 805 sqft. This makes it a standout for buyers seeking a spacious feel in a condo setting. With an assessed value of $220,000, it also presents a value proposition, ranking in the top 9% on its street. The 2009 build year means it is a relatively modern property, likely requiring fewer immediate updates than older stock.
The unit would suit practical buyers looking for a move-in-ready space that offers good room to breathe without a detached home's maintenance. It’s particularly compelling for those who value metrics—it outperforms most of its direct neighbours on size and value, suggesting a smart purchase within its micro-market. A thoughtful perspective is that while it ranks as "below average" for year-built in the broader Melrose area, this is because the neighbourhood has many newer builds; compared to the city-wide average (1990), it is notably newer, highlighting its relative modernity in the overall Winnipeg market.
Frequently Asked Questions
1. How does this property really compare to others nearby?
The data shows it excels specifically within its own building and street. It has a larger living area than 56 out of 57 comparable units on Regent Avenue W and a higher assessed value than 52 of them. Its rankings are more modest when compared to the entire Melrose area or city-wide.
2. What does the sold price history indicate?
It has sold twice in recent years (2021 and 2023), both times in the $200k-$250k range. This price consistency, coupled with its current assessed value of $220k, suggests a stable market value for the unit.
3. Is the $220,000 assessed value the sale price?
No. The assessed value is for municipal tax purposes. The actual sale price is determined by the market. The recent sale history provides a more accurate guide for its likely market value.
4. What are the condo fees, and what do they include?
This information is not provided in the public data. A buyer must request the condo corporation's financial statements, bylaws, and reserve fund study to understand the monthly fees and what amenities or services (like building insurance, landscaping, or snow clearing) they cover.
5. How can I get the exact past sale prices instead of a range?
The listing service offers to provide the exact sale prices via email upon request, as they manually compile this data from non-public sources. They state they do not use email addresses for unsolicited marketing.