Property Overview: 561 Regent Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Kern Park offers a practical and modernized living space. Its key characteristic is a recently renovated basement, adding valuable finished square footage to the 1,188 sqft main living area. Built in 1978, the home is notably newer than most in its immediate neighborhood and on its street, suggesting updated building systems and potentially fewer major maintenance concerns compared to older stock.
The appeal lies in its above-average size for the Kern Park area and its position as a move-in-ready opportunity due to the basement renovation. It sits on a standard city lot, offering manageable outdoor space. The property would suit first-time buyers or downsizers seeking a low-maintenance, updated home in a central Winnipeg neighborhood without the premium price tag of a brand-new build. Its assessed value is modest relative to the citywide average, indicating a potentially accessible entry point into the market. A thoughtful perspective is that while the lot size is smaller than the city average, it translates to less yard work and lower exterior maintenance costs, which can be a hidden benefit for busy homeowners or those looking to minimize upkeep.
Section 2: Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 1,188 sqft, this home provides more living area than the average Kern Park house (which averages about 1,047 sqft) and is significantly above the average for other homes directly on Regent Avenue E.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. A buyer should inquire about the quality of the renovation, whether it includes a proper bathroom or kitchenette, and if all work was done with permits.
3. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value for municipal taxes is $27,900, but recent sold price data from 2021 and 2016 shows it previously transacted in the low-to-mid $200,000s. Market conditions and the renovated basement will influence the current listing price.
4. What are the implications of the home being built in 1978?
This is a positive differentiator in this area, as it is decades newer than many neighboring homes. It likely means more modern wiring, plumbing, and insulation standards. However, a home of this age may still require updates to windows, roofing, or major appliances.
5. Are there any obvious concerns about the property's location?
The home is situated directly on Regent Avenue, which is a major arterial road. Buyers should consider potential traffic noise and assess parking, as the listing notes there is no garage.