Property Overview: 425 Regent Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Kern Park is defined by a standout feature: its generous 6,600 sqft lot, which ranks in the top 5% of the neighbourhood. This presents a rare opportunity for a central Winnipeg property, offering significant outdoor space for gardening, expansion, or simply enjoying a larger private yard. The home itself, built in 1957, is of average size for the area at 967 sqft and includes a renovated basement and a detached garage.
Its primary appeal lies in this land-to-building ratio. While the living space is functional and updated, the true value is in the property's potential. The assessed value is notably above average for both the street and Kern Park, suggesting official recognition of the lot's premium size. This home suits practical buyers looking for a solid, updated starter home with an unusually large yard, as well as visionaries who see the long-term potential of a sizable lot in a mature neighbourhood. It’s a property where the land is the leading asset.
Section 2: Frequently Asked Questions
1. Is the large lot size a common feature in this area?
No. The lot is exceptionally large for Kern Park, ranking in the elite top 5% of the neighbourhood. Most comparable homes in the area sit on lots averaging about 4,277 sqft, making this property’s 6,600 sqft parcel a significant differentiator.
2. How does the home’s assessed value compare to nearby properties?
The assessed value of $31,500 is above average for both Regent Avenue East and the broader Kern Park area. This indicates that the property assessment reflects the value of its substantial lot and renovations, not just the living space.
3. What is the home’s living space like relative to Winnipeg overall?
At 967 sqft, the living area is below the Winnipeg city-wide average for comparable homes. This reinforces the property’s profile as a home where the interior space is adequate and updated, but the outdoor space is the standout feature.
4. Was the recent sale price consistent with the assessed value?
Based on available data, the home sold in September 2020 for a price range that aligned closely with its current assessed value. For the exact historical sold price, you can request the information directly via the provided email service.
5. What does the “renovated basement” include?
The listing confirms the basement has been renovated, but the specific scope and finishes (e.g., legal suite, recreation room, modern amenities) are not detailed here. This would be a key point to clarify with the listing agent to understand the home’s full living and potential income-generating capacity.