Property Overview: 50 Regis Drive, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 50 Regis Drive presents a solid, value-oriented proposition in the established River Park South neighborhood. Built in 1979, its key appeal lies in its above-average lot size (5,872 sqft), which is notably larger than most on its street and in the immediate area, offering valuable outdoor space. With 1,028 sqft of living area, it is a comfortably sized bungalow, typical for the street but more compact compared to newer homes in the wider neighborhood.
The property’s assessed value of $414k sits above the street average, suggesting it is well-maintained or has features that set it apart locally. This creates an interesting dynamic: you’re acquiring a home that stands out on its own block in terms of value and land, within a neighborhood of generally larger, newer homes. It last sold in 2017 for between $300k-$350k, indicating significant equity growth since then.
This home would suit first-time buyers or downsizers seeking a manageable footprint on a generous lot in a mature community. It’s for the practical buyer who values outdoor potential and street-level stability over having the largest house on the block. A less obvious perspective is that its "around average" city-wide metrics suggest it’s a quintessential Winnipeg home, not over-improved for the market, which can be a prudent long-term holding.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 1,028 sqft, the living space is very typical for Regis Drive (ranking 14th out of 37 homes). However, it is below the current average for the broader River Park South neighborhood, where many homes are newer and larger.
2. Why is the assessed value higher than the street average?
The assessed value of $414k ranks 6th highest on the street. This suggests factors like the larger lot, specific upgrades, or overall condition have been recognized in the assessment, positioning this property above the local average of $380.9k.
3. What is the significance of the lot size?
The 5,872 sqft lot is a standout feature, ranking 6th largest on the street and above the neighborhood average. This offers more private outdoor space, garden potential, or room for additions than many comparable properties.
4. Can I get the exact historical sale price?
The public data shows a sale in August 2017 for a broad range of $300k-$350k. Due to data licensing rules, exact sale figures require a manual lookup. You can request this precise history directly via the website’s provided email service.
5. How does the year built affect this property?
Built in 1979, it is older than the neighborhood average (1990) but is actually one of the newer homes on its own street. Buyers should anticipate maintenance and systems consistent with a home of this era, balanced with the established character of the street.