Property Overview: 218 Regent Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a practical entry-point into Winnipeg’s Melrose neighbourhood, built in 1910. Its key characteristic is its modest scale, with 907 sqft of living space and a 2,701 sqft lot, both smaller than area averages. The assessed value is notably below averages for the street, area, and city, indicating a lower property tax base.
The appeal lies in its affordability and potential. It represents a classic "starter home" or a straightforward investment property. Recent sales history suggests active market interest. It suits buyers comfortable with an older home that may require updates, or investors looking for a lower-entry rental property. A less obvious perspective is its location on Regent Avenue itself—a major artery. This offers convenience for commuters but may come with increased traffic noise compared to a side street. For the right buyer, its below-average metrics are not drawbacks but the source of its opportunity.
Section 2: Frequently Asked Questions
1. What does the "below average" assessed value mean for me?
A lower assessed value typically translates to lower municipal property taxes compared to other homes in the area, which is a financial positive. It does not directly dictate market selling price.
2. How significant is the age of the home (built 1910)?
This means the home likely has character but may have older building materials and systems. A thorough inspection is crucial to understand the condition of the foundation, wiring, plumbing, and roof, and to budget for any necessary updates or maintenance.
3. The living area is smaller than average. Is the layout efficient?
At 907 sqft, the home is compact. Viewing the property in person or checking for a floor plan is essential to see if the layout meets your spatial needs and feels functional for your lifestyle.
4. The lot is smaller than others nearby. What are the implications?
The 2,701 sqft lot requires less exterior maintenance, which can be a benefit. However, it may limit expansion possibilities, privacy from neighbours, or extensive gardening compared to larger lots on the same street.
5. How can I find out the exact past sale prices?
The provided sale price ranges are based on public data. As noted on the detail page, you can request the exact historical sale prices by emailing the listing service directly for a manual, prompt reply.