Property Overview: 314 Regent Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Regent Avenue E in the Melrose neighbourhood presents a classic Winnipeg profile. Built in 1922, it's a century-old property that offers above-average interior space for its immediate area, with 1,062 sqft of living area. The lot size is typical for the street at just over 4,000 sqft. Its assessed value is notably strong compared to its local peers, ranking in the top 25-30% on the street and in Melrose, suggesting it is well-maintained or has features that are valued above the local norm.
The appeal here is one of established character and relative value within a mature neighbourhood. It suits a practical buyer who appreciates the space and solid assessment value of an older home, and who is prepared for the maintenance that comes with a 104-year-old structure. It’s a home for someone looking at the long-term stability of a central neighbourhood rather than the latest modern finishes. A less obvious point is that, while its age is below average for the city, its living area and assessed value outperform many local comparables, indicating it may offer more "house" for the money within this specific community compared to newer builds in the same price tier.
Section 2: Frequently Asked Questions
1. How does this home’s age affect its value and potential?
At 104 years old, the home is notably older than most in the city and on its street. This typically implies a need for vigilant maintenance and potential updates to major systems (roof, plumbing, electrical). However, its above-average assessed value for the area suggests these factors may already be reflected positively in its valuation.
2. What does the "assessed value" ranking actually tell me?
The assessed value of $30,100 ranks in the top 25-30% compared to homes on Regent Avenue E and in Melrose. This indicates the city assesses this property as more valuable than most in its direct vicinity, which can be a sign of better condition, desirable features, or improvements. It's a useful benchmark against municipal taxes and local market norms.
3. Is the living space size competitive?
Yes. With 1,062 sqft, the home offers more living area than approximately 70-71% of similar properties on its street and in the Melrose area. For buyers seeking space in this neighbourhood, it stands out as above average.
4. What can recent sold prices tell us?
The home sold in the $300k-$350k range in 2022 and in the $200k-$250k range in 2020. The 2022 sale price ranked in the top 18-22% locally, indicating it fetched a strong price for the area at that time. This history shows significant appreciation between sales and suggests a robust local demand.
5. How do I find out the exact historical sold prices?
The provider, SaveOnHouse, offers the exact sold prices via email request. They manually provide this data, aiming to reply by the end of the same day, and state they will not use email addresses for unsolicited marketing.