Property Overview & Key Characteristics
This one-and-a-half storey home on Regal Avenue in Winnipeg's Glenwood neighborhood presents a classic, no-frills opportunity. Built in 1917, its key appeal lies in its generous 5,796 sqft lot, which is notably above average for the Glenwood area, offering significant outdoor space and potential. The 1,120 sqft living area is efficiently sized and ranks above average for both the street and neighborhood. A recently renovated basement adds modern, functional living space. Notably, the home's assessed value is modest and in line with area averages.
Its charm is rooted in practicality and potential rather than luxury. It suits a first-time homebuyer, an investor, or a hands-on owner who values a large yard in a mature neighborhood over a new build. The appeal is for those who see the value in a character home with updated essentials (like the basement) and who are comfortable with a property whose age is reflected in its vintage, not its condition. The very modest price point for a house with this lot size is its most compelling feature, ideal for budget-conscious buyers prioritizing land over square footage.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, legal compliance, or moisture control are not provided. This would be a key area for inspection and inquiry with the seller.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on municipal valuation for tax purposes, which heavily considers the home's age, modest size, and the specific market values in the Glenwood area. It reflects a more affordable segment of the Winnipeg market.
3. Are there any concerns with a house built in 1917?
While the renovated basement is a plus, a home of this age will likely have older major systems (plumbing, electrical, foundation). A thorough inspection is essential to understand the condition and anticipate any needed updates beyond the recent renovation.
4. What is the neighborhood like?
Located in Glenwood, the property benefits from a large lot in an established, central Winnipeg community. The ranking data shows it sits among older homes on the street, suggesting a quiet, mature streetscape.
5. There's no garage. Is there parking?
The listing specifies no garage. Potential buyers should verify if there is a dedicated driveway, a rear laneway for potential garage addition, or if parking is limited to street parking. The large lot may offer room to add parking facilities.