Property Overview: 519 Regent Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This Victoria West home presents a compelling blend of space, location, and value. Its key feature is an exceptionally large, private lot—ranking in the top 4% on its street and top 3% in the neighborhood—offering rare potential for gardens, expansion, or outdoor living in the city. The living space itself (1,204 sq ft) is comfortably above average for both the immediate street and the Victoria West area, providing more room than many nearby homes.
The appeal lies in its position as a solid, value-oriented property in a well-established neighborhood. While the home is of a similar vintage to others nearby (built 1949), its assessed value is notably below the Winnipeg city average, suggesting a potentially accessible entry point into the market. This isn't a flashy, top-tier city property, but a grounded opportunity. It would suit practical buyers looking for a character home with ample outdoor space, first-time homeowners seeking a footprint to grow into, or value-focused investors who recognize the inherent worth of a large lot in a mature community. The data suggests you're paying primarily for the land and location, with the house offering functional space.
Section 2: Frequently Asked Questions
1. Is the living space smaller than the average Winnipeg home?
Yes. At 1,204 sq ft, it is below the citywide average of 1,342 sq ft for comparable homes. However, it is notably larger than the averages for both its specific street (974 sq ft) and the Victoria West neighborhood (976 sq ft).
2. Why is the assessed value so much lower than the Winnipeg average?
The citywide average assessed value is $390.1k, while this home is assessed at $274k. This is typical for older, central neighborhoods compared to newer suburban areas. The value here is more aligned with local benchmarks, sitting around the average for Regent Avenue W and Victoria West.
3. What does the "Elite" ranking for land area actually mean?
It means the lot size (6,598 sq ft) is significantly larger than most in the vicinity. It's over 2,000 sq ft bigger than the average lot on its street and in Victoria West, placing it in the top 3-4% of properties locally for outdoor space.
4. Is an older home like this a concern?
Built in 1949, it is typical for the area. The year built is around the average for both the street and neighborhood, so most nearby homes will share similar age-related considerations and character. It is older than the Winnipeg city average.
5. How does this property compare to others on the same street?
It offers more living space (top 12%) and a much larger lot (top 4%) than the typical home on Regent Avenue W. Its assessed value and year built are very close to the street's average, indicating it's a fairly priced, sizeable offering on this block.