Property Overview: 732 Regent Avenue W
Section 1: Key Characteristics & Appeal
This home at 732 Regent Avenue W in Winnipeg's Melrose neighbourhood presents a practical and straightforward opportunity. Built in 1959, it is a newer construction compared to many homes on its street and in the immediate area, which can be an advantage for maintenance and system updates. With 912 square feet of living space and a 4,400 sqft lot, the property aligns closely with the averages for Melrose, offering a manageable size for efficient living and outdoor space.
Its primary appeal lies in its positioning as a competitively assessed property within its local context. While its size and value are below the city-wide average, they are solidly within the normal range for this specific community. This suggests a entry point into a stable, established area without a premium price tag. The home would suit first-time buyers seeking an affordable foothold, practical investors looking for a rental property with realistic local valuations, or downsizers wanting a low-maintenance property that matches the scale of the neighbourhood. A thoughtful perspective is that its "average" metrics locally could indicate less risk of overpaying for area trends, offering a grounded, value-conscious purchase.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 912 sqft, the living area is very close to the average for both Regent Avenue W (974 sqft) and the broader Melrose area (973 sqft). It’s a typical size for homes in this specific locale.
2. What does the assessed value tell me?
The assessed value of $29,800 is around the average for the street and neighbourhood. However, it is significantly below the city-wide average, highlighting that this area offers more accessible pricing compared to many parts of Winnipeg.
3. Is the home older?
Built in 1959, it is actually newer than many comparable homes on its street and in Melrose, where average build years are 1952 and 1947, respectively. This relative newness can be a positive factor.
4. Can I find out the exact historical sale price?
The provided sale price history from 2017 shows a range. To obtain the exact sale price, you can request it via email from the listing service, which provides the information manually.
5. How does the lot size impact potential?
The 4,400 sqft lot is slightly larger than the local averages for both the street and Melrose area. This offers a bit more outdoor space than many immediate neighbours, which could be a benefit for gardening, expansion, or simply having more privacy.