508 Regent Avenue E

Property Overview: 508 Regent Avenue E, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 508 Regent Avenue E in the Melrose neighbourhood presents a practical and affordable entry point into Winnipeg’s housing market. Built in 1962, it is notably newer than many of its immediate neighbours, which may suggest updated infrastructure or a longer lifespan before major repairs. The 804 sqft living area is compact, making it a manageable space for maintenance and utilities, while the lot size of 3,906 sqft is typical for the area.

The primary appeal lies in its financial accessibility. With an assessed value firmly in line with the local Melrose area average, it represents a lower-barrier option in a city where average home values are significantly higher. This isn’t a sprawling property, but rather a grounded choice that prioritizes function and location over size.

This property would best suit first-time buyers, downsizers, or pragmatic investors seeking a straightforward, no-frills asset. It’s for someone who views a home as a practical necessity rather than a status symbol, and who values being in a mature neighbourhood where their investment is aligned with local norms, not city-wide averages. A thoughtful perspective is that its "below average" size city-wide is actually a potential long-term advantage, as smaller, efficient homes may align with future sustainability trends and shifting demographics.

Section 2: Frequently Asked Questions

1. Is the assessed value the same as the market value?
No. The assessed value (27.60k) is for municipal tax purposes. Market value—what a buyer would actually pay—is determined by current market conditions, the home’s state, and recent sale prices of comparable properties, and is typically higher.

2. How does the 804 sqft living area feel for daily life?
The home is compact. It ranks below average for size even on its own street, so it’s best suited for individuals, couples, or small families comfortable with efficient living spaces. The nearby reference property at 431 Pandora Ave E (976 sqft) offers a sense of what a slightly larger alternative in the area looks like.

3. What does it mean that the home is "newer" than others on the street?
Built in 1962, this home is roughly a decade newer than the street average (1952). This can be positive, potentially indicating newer wiring, plumbing, or roofing compared to immediate neighbours, but a specific inspection is still essential as the home is over 60 years old.

4. What are the implications of the typical lot size?
At just under 4,000 sqft, the lot is standard for Melrose but below the Winnipeg city average. This means outdoor space is limited but likely proportionate to the home’s size, offering a manageable yard without excessive upkeep.

5. Why is there no public sold price history for this listing?
Sold price data is not always publicly available in Manitoba. The listing service offers to provide the exact history manually via email to ensure accuracy and privacy for past transactions, which is a common practice for some local real estate data providers.