Property Overview
500 Regent Avenue W is a well-situated home in Winnipeg's Melrose neighbourhood, built in 1952. The property presents a compelling mix of space and value, standing out within its immediate area while offering a more accessible price point compared to the wider city.
Key Characteristics & Appeal
This home’s primary appeal lies in its efficient use of space and lot size relative to its local market. With 1,140 square feet of living area, it is notably larger than many comparable homes on its street and in the Melrose area, placing it in the top 20% locally. The lot is a significant asset at nearly 5,000 square feet, offering ample outdoor space that is well above the neighbourhood average.
The assessed value is closely aligned with local norms, suggesting the property is priced consistently within its community. However, this value is substantially below the Winnipeg city average, highlighting a key opportunity: you acquire more living and land space here for a lower financial outlay than in many other city districts. This makes it a practical choice for buyers seeking room without a premium price tag.
It would suit first-time homeowners or value-focused buyers looking to establish themselves in a stable neighbourhood. The larger-than-average lot also appeals to those with gardening ambitions, pets, or who simply desire private outdoor space. It’s a home for someone who prioritizes substance and space over a newer build or a high-assessment address.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
It is larger than most. With 1,140 sqft of living space, it ranks in the top 20% for size on its street and in the Melrose area, where many comparable homes average around 974 sqft.
2. Is the assessed value typical for this area?
Yes. Its assessed value is very close to the average for both Regent Avenue W and the Melrose neighbourhood, indicating it is fairly valued within its immediate context.
3. What is the significance of the lot size?
The lot of 4,948 sqft is a standout feature. It’s significantly larger than the local average, offering more yard space than roughly 75-80% of nearby properties, which is a considerable advantage.
4. How does this property fit into the wider Winnipeg market?
City-wide, it offers above-average lot size and average living space for a below-average assessed value. This positions it as a value-oriented option, providing more physical space per dollar compared to the city’s typical home.
5. Where can I see more detailed context about the neighbourhood?
A dedicated neighbourhood analysis page is available, showing this property on a map alongside nearby homes with comparisons for year built, living area, value, and lot size. You can find the link to open this map analysis in the full property details.