Property Overview
This 864 sqft, one-storey home at 330 Regal Avenue in Winnipeg's Glenwood neighbourhood presents a practical and straightforward opportunity. Built in 1950, its key appeal lies in its generous, above-average lot size of nearly 6,000 sqft for the area, offering valuable outdoor space. The home features a renovated basement and a detached garage. Its assessed value and recent sold prices are consistently around the average for its immediate street and neighbourhood, indicating a stable, established area. While the living space is modest and typical for the local area, it sits well below the city-wide average, highlighting its position as a more compact, efficient property.
This home would suit first-time buyers or downsizers looking for a manageable footprint without compromising on yard space. It’s also a candidate for those with a longer-term vision, as the significant lot provides a tangible asset and future potential that the current structure may not fully reflect. The recent basement renovation adds immediate move-in readiness for a buyer prioritizing low-maintenance living.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The land area is a standout feature, ranking in the top 10% within the Glenwood area. The lot is approximately 1,200 sqft larger than the neighbourhood average, offering more private outdoor space than most comparable homes.
2. What is the typical price trend for this home?
Public data shows steady appreciation over recent sales. The sold price has increased from a range around $28k in 2019, to approximately $32k in 2021, and to approximately $33k in 2024, tracking with broader market movements.
3. Who might this property not be suitable for?
Buyers needing substantial above-ground living space may find it limiting, as the floor plan is compact. It may also not suit those seeking a modern, open-concept layout typical of newer builds, given its 1950s construction.
4. Is the assessed value in line with recent sale prices?
Yes. The current assessed value of $32.20k aligns closely with the lower end of the most recent sold price range (2024), suggesting the assessment is current and reflects recent market activity.
5. What is the significance of the home’s rankings being “around average” for the street?
This consistency across metrics like living area, year built, and value indicates the property is a typical representation of Regal Avenue. This can be positive, suggesting predictability and less risk of being over- or under-improved compared to immediate neighbours.