Property Overview: 31 Regis Drive, River Park South, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 1,079 sqft bungalow, built in 1978, presents a compelling mix of established community living and relative value. Its key appeal lies in its strong standing within its immediate locale. The home sits on a larger-than-average lot for Regis Drive (5,521 sqft) and has an assessed value ($422k) that ranks in the top 8% on its street, suggesting it is a well-regarded property in a consistent neighbourhood. While the living space is slightly below the River Park South average, it is above average for the street itself, indicating the home fits comfortably within its specific block.
The property would suit practical, value-conscious buyers—particularly first-time homeowners or downsizers—who prioritize lot size and street-level prestige over a larger modern footprint. It offers the stability of an older, settled area where properties on Regis Drive appear to maintain their value well. A thoughtful perspective is that this home represents an "anchor point" in the neighbourhood: it's not the newest, but its above-street-average metrics suggest it's a solid, enduring asset on a block of similar homes, potentially offering less volatility than areas with more construction disparity.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,079 sqft, the living area is larger than the average home on Regis Drive but somewhat smaller than the broader River Park South neighbourhood average. This indicates a cozy but efficient layout that is typical and competitive for its immediate street.
2. Is the assessed value a good indicator of the likely selling price?
The assessed value of $422k is a municipal valuation for tax purposes. Notably, a nearby sale at 11 Upton Place (403k assessed, 1,120 sqft) suggests assessed values in the area can be a reasonable baseline. However, the last sold price for this property (2023, in the $450k-$500k range) is a more direct, though not guaranteed, market indicator.
3. The home was built in 1978. What should I consider?
Being built in 1978 means the home is older than most in River Park South. Prospective buyers should budget for updates consistent with that era, such as windows, roofing, or mechanical systems, while also appreciating the character and mature landscaping of an established lot.
4. What does the lot size mean for me?
At 5,521 sqft, the lot is larger than most on the street. This offers more private outdoor space, gardening potential, and room for additions like a deck or shed compared to neighbouring properties, which is a key differentiator.
5. How can I find out the exact historical sale prices?
Due to data display rules, exact sold prices are not published directly on the site. You can request the full transaction history and exact figures via email from the provider, who will manually look up the verified records.