Property Overview: 300 Regent Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Regent Avenue W in the Melrose neighbourhood presents a solid, practical offering. Its primary appeal lies in providing above-average interior space for its immediate area. With 1,184 sqft of living area, it ranks in the top 15-17% compared to similar homes on its street and in Melrose, meaning it offers more room than most direct counterparts. The property sits on a 3,500 sqft lot, which is typical for the local streetscape.
Built in 1950, the house is of a mature vintage, consistent with many homes in the area. The assessed value of $280,000 is around the average for Melrose and its own street, but positions it as a more accessible entry point compared to the much higher city-wide average. A less obvious perspective is that this property represents a "neighbourhood-value" proposition: you are investing in a specific, established community where the home's metrics are competitive, rather than paying a premium for city-wide size or newness.
This home would suit first-time buyers or practical downsizers seeking space and value within a specific community. It’s for a buyer who prioritizes living area and neighbourhood fit over a newer build or a larger lot, and who is comfortable with a home that may require updates consistent with its age.
Section 2: Frequently Asked Questions
1. How does this home’s size really compare?
While its living area is above average for Melrose, it is close to the city-wide average. The key takeaway is that you get more interior space than most similar neighbouring homes.
2. What does the assessed value tell me?
The $280,000 assessment is typical for Melrose. This suggests the property is priced in line with its immediate market, not inflated relative to its neighbours, though it is below the Winnipeg average.
3. What should I consider about the 1950 build date?
The home is older than the typical Winnipeg house. This necessitates a thorough inspection focusing on updates to major systems like wiring, plumbing, and insulation, which may be original or dated.
4. Is the lot size a limitation?
At 3,500 sqft, the lot is standard for the street. It provides adequate outdoor space for a patio or garden but is not suited for extensive expansions or additions without creative planning.
5. What is the context of the 2022 sale price range?
The prior sale in the $300k-$350k range provides a recent market benchmark. Comparing this to the current assessed value is a useful starting point for understanding market trends and the seller’s potential positioning.