Property Overview: 328 Regal Avenue, Winnipeg
Key Characteristics & Appeal
This 864 sqft one-storey home on a generous 5,995 sqft lot in Glenwood presents a compelling mix of modest living space and significant land. Its primary appeal lies in this above-average lot size, which ranks in the top 10% for the neighbourhood, offering ample outdoor potential. The home itself is of average size for the local area but sits below the citywide average, suggesting a cozy, efficient layout. A key feature is the renovated basement, adding valuable finished space. The detached garage provides practical storage or workshop space.
The property’s assessed value is notably strong for both the street and Glenwood, ranking above average, which can indicate good perceived value for the area. Built in 1950, it is a typical post-war home for the neighbourhood. This home would suit first-time buyers or downsizers seeking a manageable single-level layout with a low-maintenance footprint, but who prioritize a larger, private yard for gardening, pets, or future expansion. It’s a grounded choice for those valuing outdoor space over extensive interior square footage.
Frequently Asked Questions
1. How does the living space compare to other homes?
At 864 sqft, the living area is around the average for both Regal Avenue and the wider Glenwood neighbourhood. However, it is below the average for the entire city, indicating a more compact, efficient home suitable for individuals, couples, or small families.
2. Why is the assessed value considered above average for the area?
The assessment ranks in the top 23-27% for Glenwood and the street. This is likely influenced by the renovated basement and, significantly, the larger-than-average lot size, which is a valuable asset.
3. What is the significance of the lot size?
The lot of nearly 6,000 sqft is a standout feature, ranking in the top 9% on the street. This offers substantial extra space compared to neighbours, providing room for additions, landscaping, or recreational use that is uncommon for similar homes.
4. What can recent sold prices tell me?
The home sold in August 2023 for an estimated range of $40.5k to $43.5k. This sale price ranked in the top 15-16% for the area at that time, suggesting a competitive market perception, likely tied to the lot and renovations.
5. Who would this property best suit?
It’s ideal for buyers who prioritize land and location over sheer interior size. The single-level layout and renovated basement appeal to those seeking ease of living, while the large lot caters to anyone wanting outdoor space, from gardeners to those envisioning a future sunroom or garage workshop.