Property Overview: 315 Regal Avenue, Winnipeg
Key Characteristics & Appeal
This one-storey home on Regal Avenue in Glenwood is a practical and straightforward property. Built in 1950, it offers 864 sqft of living space with a renovated basement and sits on a notably generous lot of 5,797 sqft—a standout feature that ranks well above average for both the street and the neighbourhood. The home includes a detached garage.
Its primary appeal lies in its solid positioning as an average, no-fuss home in a well-established area. The lot size is a significant asset, offering ample outdoor space and future potential that is uncommon for the locale. Recent sales history suggests steady value. This property would suit first-time buyers, downsizers, or practical investors looking for an entry into the Glenwood area without premium pricing. It’s a home for those who value space over square footage, where the land itself may hold more long-term value than the existing structure.
Frequently Asked Questions
1. How does this home compare to others in the area?
The home is consistently around average for Glenwood in terms of living space, assessed value, and age. Its key differentiator is the land area, which is larger than approximately 89% of lots in the neighbourhood.
2. What is the significance of the "renovated basement"?
While the listing notes a renovated basement, the details of the renovation (finish quality, permits, specific features) are not provided. This would be a key point for a home inspection to assess the scope and quality of the work.
3. Has the property value been stable?
Based on available sales data, the property sold in 2020 and again in 2022 at progressively higher price ranges, indicating a pattern of appreciating value in recent years within its market segment.
4. What are the considerations of a detached garage?
A detached garage offers flexibility but means exposure to the elements when accessing your vehicle. It can be a plus for workshops or storage but may require separate maintenance. For some, the potential to develop the space between the house and garage is an interesting, long-term thought.
5. You mention "future potential." What does that mean for this property?
The generous lot size is the source of this perspective. While subject to local zoning, it could allow for significant landscaping, gardening, or the potential for future expansions like a large deck, addition, or even a laneway home, which is a less obvious advantage of this specific property.