Property Overview: 332 Regal Avenue, Winnipeg
Key Characteristics & Appeal
This 1949 one-storey home in Glenwood presents a practical opportunity centered on its generous lot. With 898 sqft of living space and a renovated basement, the house itself is modest and typical for its immediate area. Its standout feature is the land—at nearly 6,000 sqft, the lot size ranks in the top 10% for the Glenwood neighborhood, offering above-average outdoor space for gardening, play, or future expansion. The detached garage adds utility. Recent sales history indicates steady value.
The appeal here is for the value-conscious buyer who prioritizes land over a large footprint. It would suit a first-time homeowner comfortable with a character home's upkeep, a downsizer seeking a manageable single-level layout with room for a garden, or an investor looking for a property with redevelopment potential given the lot size. Its assessed value is consistently average for its street and area, suggesting a stable, no-surprises entry into the market.
Frequently Asked Questions
1. How does the lot size compare to others?
The 5,997 sqft lot is a key asset, ranking in the top 7% on Regal Avenue and the top 10% within the broader Glenwood area, offering more outdoor space than most comparable properties.
2. Is the house significantly older than others nearby?
Built in 1949, it is older than the average home on its street and in Winnipeg overall. However, within the Glenwood neighborhood, which has many mid-century homes, its age is around the average.
3. What does the "renovated basement" include?
The listing confirms a renovated basement but does not specify the scope. This would require clarification with the seller or a viewing to understand the finish quality, ceiling height, and permitted uses.
4. How has the property's value changed recently?
Based on available sales data, the home sold in the $275k-$305k range in 2019 and the $315k-$345k range in 2022, indicating a pattern of gradual appreciation in line with its area.
5. Who would this property not suit?
Buyers seeking a modern, move-in-ready home with ample above-grade square footage may find the layout and vintage too compact. It's better suited for those who see potential in the land and are comfortable with a home whose interior is average for its locale.