Property Overview: 558 Regent Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This 888 sqft bungalow, built in 1961, sits on a 3,305 sqft lot in the Melrose neighbourhood. Its key appeal lies in its strong position within its immediate context. While its living space is modest compared to the Winnipeg average, it ranks above average for both assessed value and year built within its own street and local area. This suggests a well-maintained or updated home that stands out positively among its direct peers.
The property suits practical buyers looking for a manageable, single-level home in a mature neighbourhood. It’s ideal for first-time homeowners, downsizers, or investors seeking a straightforward property with a value that outperforms many nearby comparables. A thoughtful perspective is that this home represents a "right-sized" opportunity—it avoids the premium and maintenance of a larger city-average home while offering a relatively modern build date for its area, which can mean fewer immediate concerns than older neighbouring houses.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value is $300,000, which ranks in the top 30% for the Melrose area. This is a strong indicator of its worth relative to neighbours, but market value is determined by current sale conditions. Recent sold price data from 2016 shows a range of $200k-$250k, so a professional appraisal or market evaluation is essential.
2. What does the "above average" year built mean for a 1961 home?
It means this home is newer than most on its street and in Melrose, where many homes were built in the early 1950s or before. This could imply potentially newer foundational components, like plumbing or electrical systems, compared to immediate neighbours.
3. Is the lot size a limitation?
At 3,305 sqft, the lot is typical for the street and area but below the city-wide average. It provides adequate outdoor space for a patio or garden without the extensive upkeep of a larger yard, aligning with the home's manageable scale.
4. Who would find the living area suitable?
At 888 sqft, the living area is comfortable for individuals, couples, or small families. It ranks as average for the local area, indicating it aligns with community norms. Buyers seeking a efficient, low-maintenance footprint will find it suitable.
5. How can I get precise historical sale prices?
The exact sold prices are not publicly listed. The listing service offers to provide this information manually via email upon request, at no cost and without marketing spam, typically by the end of the same business day.