Property Overview: 502 Regent Avenue E, Winnipeg
Key Characteristics & Appeal
This home on Regent Avenue E in the Melrose neighborhood presents a specific and practical value proposition. Its standout feature is its generous living space. At 1,300 square feet, it offers significantly more room than most comparable homes on its street and in the immediate area, ranking in the top 10%. This makes it a notably spacious option within its local market context. The house, built in 1953, is typical for the area in age and its assessed value is also consistent with local norms.
The appeal lies in this above-average interior space coupled with a very typical Melrose price point. It’s a property that prioritizes room to live over a large lot, as the land size is modest compared to the Winnipeg average. This combination would suit practical buyers looking for maximum square footage within a specific budget in this established neighborhood. It’s ideal for someone who values indoor living area over extensive yard maintenance or who sees potential in a home that is already larger than its peers. A thoughtful perspective is that this home may represent an efficient use of its lot, offering more house and less yard—a trade-off that aligns with modern preferences for low-maintenance living without sacrificing interior comfort.
Frequently Asked Questions
1. How does this home’s size really compare to others?
It is genuinely larger than most similar homes nearby. It ranks in the top 7% on its street for living area, offering about 300 more square feet than the local average of 974 sqft.
2. Is the assessed value a good indicator of the selling price?
The assessed value ($29,800) is primarily for municipal tax purposes. It is consistent with area averages, but the market sale price will be influenced by current conditions, the home’s condition, and recent sales like the 2017 sale in the $250k-$300k range.
3. What does the lot size mean for me?
At 3,305 sqft, the lot is smaller than the city-wide average. This typically means less yard maintenance and outdoor space, but it also suggests the home itself utilizes the property efficiently, providing more living space relative to the land.
4. The home was built in 1953. What should I consider?
The age is standard for Melrose. Prospective buyers should prioritize a thorough inspection to understand the condition of major aging components like the roof, plumbing, electrical systems, and foundation, which are common focal points in homes of this era.
5. How can I find out the exact past sale prices?
The provided sale price history is a range from public data. You can request the exact sold price history by emailing the listing service; they provide this detail manually and do not use requests for unsolicited marketing.