Property Summary
Key Characteristics & Appeal
This 900 sqft property at 104-550 Regent Avenue W is a condo unit in Winnipeg's Melrose neighbourhood, built in 2010. Its primary appeal lies in its strong standing within its immediate building and street context. It ranks in the top 2% on its street for both its year built and its assessed value ($22,500), indicating it is one of the newest and most valuable units in the building. The living space is also above average for the street. This suggests a well-maintained, modern unit in its specific complex.
However, the perspective shifts when compared to the broader Melrose area, where its size is below the local average, and city-wide, where its assessed value is just around the median. This creates a unique profile: a top-tier unit in its own building that offers modern, low-maintenance living, but within a more modest square footage. It would suit a first-time buyer, downsizer, or investor looking for a relatively newer condo with a strong value proposition within its own strata, who prioritizes modern building amenities over larger interior space. Its last known sale was between $200k-$250k in 2021.
Frequently Asked Questions
1. What does it mean that the assessed value is in the top 2% for the street?
This indicates that, among the 57 comparable properties on Regent Avenue W, this unit has the highest municipal assessed value. This often reflects factors like its condition, updates, or desirable placement within the building relative to its peers.
2. Is the living area of 900 sqft small for the area?
Compared to other homes in the broader Melrose area, yes, it is below the average. This is typical for a condo versus single-family homes. For the street itself, however, it is above average, suggesting the units in this building are generally compact and this one is on the larger side within the complex.
3. How current is the sale price information?
The last recorded sale is from 2021, with a price range provided. For the exact sale price, you must request it directly via the provided email service, as this data is manually verified from non-public sources.
4. What are the potential downsides of a high street-level assessment?
While a high assessment can indicate a premium unit, it may also correlate with higher property taxes relative to your immediate neighbours in the same building. It's wise to inquire about the current tax amount.
5. The data shows different rankings for street, area, and city. Which is most important?
All are relevant, but for condo living, the street/building ranking is often most critical as it directly compares you to your immediate neighbours who share the same building costs and amenities. The area and city rankings help gauge the property's positioning for broader resale value.