Property Overview
114 Regis Drive is a well-established 960 sqft bungalow in Winnipeg's River Park South neighborhood. Built in 1979, it sits on a 4,600 sqft lot and has a current assessed value of $367,000. Recent sales data indicates it sold in early 2024 for an estimated $350,000–$400,000.
Key Characteristics & Appeal
This home presents a practical opportunity in a mature neighborhood. Its key appeal lies in its efficient, single-level layout and its position as a relatively affordable entry point into the area. While its living space is below the neighborhood average, it is quite typical for its specific street, suggesting a consistent, modest scale among immediate neighbors.
The property would suit first-time buyers or downsizers seeking a manageable home with lower maintenance than a larger property. It’s also a candidate for investors or renovators, given its vintage and the potential to update a solid, older structure. A thoughtful perspective is its "average" city-wide assessed value—it’s not overvalued compared to Winnipeg as a whole, which could indicate stability and room for measured equity growth as the area evolves.
Frequently Asked Questions
1. How does this home's size compare to others nearby?
At 960 sqft, the living area is very close to the average for Regis Drive itself but is smaller than the broader River Park South and Winnipeg averages. It’s a compact bungalow typical of its immediate streetscape.
2. Is the assessed value in line with the sale price?
The assessed value is $367k. It sold in early 2024 for an estimated $350k–$400k, placing the assessed value comfortably within that sale price range, suggesting it is reasonably aligned with the market.
3. What does the year built tell us about the property?
Built in 1979, it is older than many homes in River Park South but is actually one of the newer homes on Regis Drive. Buyers should anticipate maintenance and updates consistent with a home of this age.
4. How stable has the property's value been?
Previous sale data shows it sold in 2016 for an estimated $250k–$300k. The 2024 sale price represents a noticeable increase, reflecting broader market trends over that eight-year period.
5. Where can I get verified sale price history?
The site does not display MLS records. For exact sale prices and a full transaction history, you must request a manual lookup via email from the provider, who will send the figures directly to you.