Property Summary: 723 Regent Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This 903 sqft home, built in 1957 on a 4,200 sqft lot, presents a compelling proposition in Victoria West. Its primary appeal lies in its strong positioning within its immediate community. The assessed value of $340k is notably above average for both Regent Avenue W (top 10%) and the wider Victoria West neighborhood (top 8%), suggesting it is a well-regarded property on its street. While the living space is typical for the area, it sits comfortably within the established character of the neighborhood.
This property would suit a buyer who values community standing over sheer size. It’s for someone looking for a move-in-ready home in a mature area, where the investment is validated by strong local comparables rather than city-wide square footage metrics. A thoughtful perspective is that this home offers a "goldilocks" lot: it's larger than many on its street, providing good outdoor space, but without the extensive maintenance of a much larger city lot. It represents a pragmatic choice for buyers who want a solid, established home in a specific sought-after pocket of Winnipeg, rather than chasing maximum square footage.
Section 2: Frequently Asked Questions
Q: How does this home’s size compare to others in Winnipeg?
A: At 903 sqft, the living area is below the Winnipeg city-wide average for comparable homes (1,342 sqft). However, it is very much in line with the averages for its specific street (974 sqft) and Victoria West neighborhood (976 sqft).
Q: Why is the assessed value higher than the neighborhood average?
A: The assessed value of $340k ranks in the top 10% on its street and top 8% in Victoria West. This indicates that assessors view this specific property as above average in its immediate context, likely due to factors like condition, updates, or its specific lot and location on the block.
Q: Is the lot size a pro or a con?
A: It depends on your priorities. The 4,200 sqft lot is slightly above average for the street and typical for Victoria West, offering good usable space. Compared to the much larger city-wide average, it is smaller, which can mean less yard maintenance—a plus for some buyers.
Q: What does the year built (1957) tell me?
A: Built in 1957, this home is newer than many in Victoria West (where the neighborhood average is 1945). This could imply updated infrastructure or building materials compared to older homes in the area, while still offering classic, mature neighborhood charm.
Q: Are the rankings for living area and value contradictory?
A: Not necessarily. They highlight a key feature of this property: it offers the typical living space of the area but commands a higher perceived value. This often points to quality, condition, and desirability within the micro-market of its street, rather than just size.