Property Summary: 63 Regal Avenue, Varennes, Winnipeg
Key Characteristics & Buyer Appeal
This 2011-built home at 63 Regal Avenue presents a compelling, modern option within its established Winnipeg neighborhood. Its primary appeal lies in its contemporary construction, offering a significant advantage over the majority of area homes. With a living area of 1,080 sqft, the property provides functional space that is very much in line with the local averages for both its street and the wider Varennes area, making it a comfortable and proportional fit for the community.
The home’s assessed value of $350k positions it above average for both Regal Avenue and the Varennes neighborhood, reflecting its newer build status and perceived value. A key consideration is the lot size of 3,386 sqft, which is notably more compact than most comparable properties on the street and in the city. This translates to lower maintenance demands for the yard, which can be a practical benefit for many.
This property would best suit buyers seeking a modern, move-in-ready home without the premium often associated with brand-new subdivisions. It’s ideal for first-time homeowners, small families, or downsizers who prioritize a newer building envelope (with likely updated systems and efficiency) over a large, sprawling yard. It represents a smart, grounded choice for someone wanting a contemporary living space within a mature neighborhood setting.
Frequently Asked Questions
Q: How does the 2011 build year compare to nearby homes?
A: Exceptionally well. It ranks in the top 16% on its street and top 10% citywide for year built, meaning it is significantly newer than over 90% of comparable Winnipeg homes. This suggests modern construction standards, materials, and systems.
Q: The lot size is noted as "below average." Is this a major drawback?
A: It depends on your lifestyle. The smaller lot requires less yard work and upkeep, which is a plus for those seeking low-maintenance living. However, it may offer less privacy or space for extensive gardening, decks, or play structures compared to neighbors.
Q: Why is the assessed value above the neighborhood average if the lot is smaller?
A: The assessed value reflects the entire property package. The significant premium of a 2011 build year—with its associated roof, windows, HVAC, and insulation—often outweighs the value of additional land in an older area, resulting in a higher overall valuation.
Q: What does the "around average" living area ranking mean for daily life?
A: It indicates the home’s size is typical and proportional for Varennes. You’re getting the expected amount of interior space for the neighborhood, which generally supports good resale value and functionality without being excessive.
Q: Is this home a good value within the city of Winnipeg?
A: The data suggests it offers a balanced proposition citywide. While its assessed value is near the city average, you are acquiring a much newer home than the typical Winnipeg property, which often comes with savings on near-term repairs and updates.