Property Overview: 310 Regent Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Regent Avenue E is a practical, century-old property (built in 1923) that presents a clear value-oriented opportunity. Its key characteristic is its modest scale: with 1,000 sqft of living space and a 2,701 sqft lot, it is physically smaller than most homes on its street, in the Melrose area, and across Winnipeg. This is reflected in its assessed value of $19,400, which is notably below average for all comparison groups.
The appeal lies in its affordability and efficiency. It last sold in the $100k-$150k range in 2020, suggesting a accessible entry point into the market. For the right buyer, the smaller footprint means lower maintenance, potentially lower utility costs, and a manageable yard. While it doesn’t offer expansive space, its living area is actually on par with the typical home in its immediate vicinity, indicating it fits the local context.
This property would best suit first-time buyers, investors, or downsizers seeking a low-cost holding with minimal overhead. It’s a pragmatic choice for someone prioritizing financial accessibility over size, or for an investor looking for a straightforward rental property. A less obvious perspective is that a smaller, older home like this can offer a simpler, more manageable living experience without the pressure of maintaining unused space or a large lot.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's specific attributes—its smaller lot size, modest living area, and age—compared to the broader Winnipeg market, which includes many larger, newer homes. It is assessed relative to its physical and market characteristics, not just its location.
2. Is the smaller lot size a significant drawback?
It depends on your needs. The lot is smaller than averages, which limits expansive outdoor space but also reduces yard maintenance. For those seeking a low-maintenance property or who prioritize indoor living, this can be a practical benefit.
3. What should I consider about a home built in 1923?
While offering classic charm, a home of this age will likely have older infrastructure. A thorough inspection is essential to understand the condition of major systems like wiring, plumbing, and the foundation, and to budget for potential updates or maintenance.
4. How reliable is the sold price range from 2020?
The provided range is based on available public data. For precise historical pricing to inform your offer, you must request the exact sold price directly from the site via the email service they detail.
5. The home seems small compared to city averages, but how does it fit the neighborhood?
Context is important. While below the Winnipeg average, its living area is actually around the average for both Regent Avenue E and the Melrose area. This suggests the home is typical for its specific local setting, not an outlier.