Property Overview: 541 Regent Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This well-maintained one-storey home in Kern Park offers practical, move-in-ready living. Its key feature is a renovated basement, adding valuable finished space to the 1,040 sqft layout. The property sits on a standard city lot with a detached garage. Built in 1962, it is notably newer than many homes in the immediate area, which can mean fewer concerns with aging core components. The home’s assessed value ranks above average for its street and neighbourhood, suggesting it is in good condition relative to local peers.
The appeal lies in its balance of space, updates, and location. It’s a solid, no-fuss property without extravagant size or price, ideal for first-time homebuyers, downsizers, or investors seeking a straightforward rental property. Its above-average assessment for the area hints at good upkeep without the premium of a fully modernized showhome. A thoughtful perspective is that while the living area is average, the renovated basement effectively expands usable space, offering flexibility for a family room, home office, or separate suite potential (subject to regulations).
Section 2: Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,040 sqft of living area, it is very close to the average for both Kern Park and Winnipeg overall. The renovated basement provides additional functional space not fully reflected in the main living area square footage.
2. The assessed value seems low. What does this indicate?
Winnipeg property assessments are not market valuations. The key takeaway is that this home’s assessment is in the top 21% for Kern Park, meaning it is assessed higher than most comparable neighbourhood homes, often a sign of better condition or updates.
3. What is the significance of the 1962 build year?
In a neighbourhood where many homes were built in the early 1950s, a 1962 construction date is relatively newer. This can sometimes translate to more modern building materials, electrical systems, or floorplans than older area homes.
4. What can the 2017 sale price range tell me?
The previous sale (23.5k-26.5k) provides a historical benchmark, but it is not a current market value. Market conditions and property improvements since 2017 have significantly influenced today’s price.
5. Who would this property suit best?
It’s an excellent match for practical buyers: first-time homeowners looking for a manageable starter home, empty-nesters wanting single-level living without a condo fee, or investors attracted by the renovated basement’s income suite potential and stable neighbourhood.