Property Overview
This 777 sqft property at 202-403 Regent Avenue W presents a compelling value proposition within the Victoria West community. Built in 2007, it is notably newer than most homes in the immediate area, ranking in the top 2% for its construction year within the neighbourhood. Its living space is efficiently sized, being above average for both its street and community, yet below the city-wide average, which contributes to its manageable property tax assessment of $152,000. The appeal lies in this balance: it offers modern construction in an established neighbourhood, with operating costs (reflected in the lower assessment) that are well below the Winnipeg average. This home would suit first-time buyers seeking a move-in-ready, low-maintenance property, or practical investors looking for a modern unit with strong rental potential in a central location. A thoughtful perspective is that its "below average" city-wide size and assessment are not drawbacks, but key features that provide affordability and efficiency without sacrificing the community's character.
Frequently Asked Questions
1. How does the property tax assessment compare?
The assessment of $152,000 is moderately above the Victoria West community average but below the average for its specific street and significantly below the Winnipeg city average. This suggests property taxes will be relatively affordable, especially when considered city-wide.
2. Is the living space small?
At 777 sqft, the space is above average for both Regent Avenue W and the Victoria West neighbourhood, indicating it is competitively sized for the area. It is, however, below the much larger city-wide average, framing it as a efficient, right-sized home for its community context.
3. What does the building year indicate?
Constructed in 2007, the home is newer than 98% of comparable properties in Victoria West. This typically suggests fewer immediate major repairs and potentially more modern building materials and systems compared to the neighbourhood's older housing stock.
4. Who might this property not suit?
Buyers requiring extensive square footage or those prioritizing a property with a city-leading assessment value for equity growth may find this home too modest. It is geared toward practicality and value within its local market.
5. How should I interpret the ranking data?
The rankings show the property's position relative to specific groups. Its strongest advantage is its modern build year within Victoria West. Its value is a blend of above-average size for the locale, a newer build, and a controlled tax assessment, making it a balanced offering.