212 Regent Avenue E

Property Overview

This home at 212 Regent Avenue E in Winnipeg's Melrose neighbourhood presents a classic, no-frills opportunity. Built in 1925, it offers a manageable 1,037 sqft of living space on a roughly 4,200 sqft lot. The data suggests it is a very typical property for its immediate street and area in terms of size, lot, and value, but sits well below the city-wide average for assessed value, indicating its affordability within the broader market. Its last known sale was between $200k-$250k in 2020.

Key Characteristics & Appeal

The primary appeal of this property is its position as a straightforward, entry-level home in an established area. It is not a standout in its local context but represents solid parity with its neighbours. Its assessed value is notably low compared to the Winnipeg average, which points to a lower property tax burden and an accessible price point. The lot size is decent for the area, offering standard outdoor space.

This home would suit a pragmatic first-time buyer, an investor looking for a rental property with lower carrying costs, or someone seeking a modest, low-maintenance footprint. Its age (101 years) means potential buyers should be comfortable with the character and potential upkeep of a century-old structure. A thoughtful perspective is that its very "averageness" on the street is a strength—it's unlikely to be over-improved for the area, reducing the risk of overpaying for features the neighbourhood won't support in resale value.

Frequently Asked Questions

1. What does the assessed value tell me about this property?
The assessed value of $25,700 is around average for Melrose but is in the bottom 20% city-wide. This primarily indicates a relatively lower property tax bill compared to many Winnipeg homes, which is a key ongoing cost savings.

2. How does the home's age affect things?
Built in 1925, it is older than most homes on its street and in the city. This can mean charming character but also warrants a thorough inspection for the condition of foundational elements, plumbing, wiring, and windows, which may need updating or maintenance.

3. Is the living space sufficient for a family?
At just over 1,000 sqft, the living area is typical for the local area but compact by modern city-wide standards. It would best suit a small family, a couple, or an individual. The floor plan's efficiency will be as important as the square footage.

4. Why is there only a sold price range, not the exact price?
Exact sale prices in Manitoba are not publicly available. The range provided ($200k-$250k for the 2020 sale) is estimated from public data. You can request the precise figure from the listing provider via email.

5. How does this property compare to others nearby?
The data shows it is consistently "around average" compared to homes on Regent Avenue E and in the Melrose area for size, lot, and value. This suggests it's a core, representative property of this specific locale, not an outlier.