Property Overview: 330 Regent Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a distinct value proposition centered on space and location. Built in 1946, its key characteristic is a living area of 1,257 sqft, which is notably larger than most comparable homes on its street and in the Melrose area. This offers more interior room than typical for the neighbourhood. The property sits on a standard 4,000 sqft lot.
Its primary appeal lies in this above-average interior space paired with a very low municipal assessed value ($20,800). This combination suggests a potential opportunity for buyers comfortable with a home from the 1940s, possibly looking for a character property or a canvas for updates. It would suit practical buyers, such as first-time homeowners or investors, who prioritize square footage and lot location over modern finishes or a high assessment value. A thoughtful perspective is that the low assessed value, while impacting resale comparisons, may also translate to relatively lower property taxes, which is an ongoing cost savings. The home last sold between 2018-2025 for an estimated $150k-$200k, positioning it as an accessible entry point into the market.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Municipal assessed value is not market value. It is used for calculating property taxes and can be influenced by many factors, including the home’s age, condition, and specific features. A low assessment often indicates an older home that hasn’t undergone major, assessment-increasing renovations.
2. How significant is the living area being in the "top 10%" for the street?
It’s a key differentiator. It means this home offers roughly 300 more square feet of interior space than the average comparable home on Regent Avenue W. For buyers needing room, this is a substantial advantage in this specific location.
3. What should I consider with an 80-year-old home?
While offering character, it’s crucial to budget for potential updates to major aging systems like plumbing, electrical, roofing, and insulation. A thorough inspection is essential to understand the home’s current condition and future maintenance liabilities.
4. The "sold price" is shown as a range. How can I get the exact figure?
The exact sale price from the last transaction is not publicly posted in detail. You can request it by emailing the provided service; they manually retrieve and share the accurate figure from proprietary records at no cost.
5. How does the lot size compare?
At 4,000 sqft, the lot is very standard for the Melrose area and typical for its era. It is smaller than the Winnipeg city-wide average, which includes many newer suburban developments, but is consistent with the neighbourhood’s established, mid-century footprint.