Property Overview: 320 Regal Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Glenwood presents a practical and value-oriented opportunity. Its key characteristic is a generous, above-average lot size of nearly 6,000 sqft for the neighbourhood, offering significant outdoor space and potential. The living area (864 sqft) is modest and typical for the immediate area, but the renovated basement adds functional space. Built in 1950, the home is of a vintage common to the street.
The primary appeal lies in its land value and positioning as an affordable entry into the Winnipeg market. It suits first-time buyers or practical investors seeking a lower-priced home with a sizable yard in an established neighbourhood. It’s a property where the value is grounded more in the land and location than in the size or modernity of the structure, appealing to those comfortable with a home that may require updates over time. A thoughtful perspective is that, while its city-wide metrics for size and value are below average, this very fact highlights its accessibility and the specific, community-focused lifestyle it offers compared to newer, sprawling suburbs.
Section 2: Frequently Asked Questions
1. What is the exact recent sale price?
The data shows a sale in December 2023 for an estimated range. The exact, legally recorded sale price is available by request from the listing service to ensure accuracy.
2. Is the lot size a major advantage?
Yes. The lot is notably larger than most in Glenwood and on Regal Avenue itself, ranking in the top 14% on the street. This provides more private outdoor space and future potential than is typical for homes in this price bracket.
3. How does the assessed value relate to market price?
The assessed value for taxation purposes is listed at $29,900. It’s important to note that this is not a market appraisal. Market price is determined by current buyer demand and recent sales of comparable homes, which the sold price history section begins to illustrate.
4. What should I know about a home from 1950?
While the basement has been renovated, the core structure and major systems (like plumbing, electrical, and the foundation) are over 70 years old. A thorough inspection is essential to understand the condition and plan for any necessary maintenance or updates.
5. There is no garage. Is parking an issue?
The property listing notes no garage. Buyers should verify on-site parking options, such as a driveway or street parking permits, to ensure it meets their needs.