Property Overview: 5 Regina Place, Winnipeg
Key Characteristics & Appeal
This 1964-built, three-level split home in Kildare-Redonda offers a practical layout with 1,083 sqft of living space and a renovated basement. Its standout feature is the generous 6,324 sqft lot, which is notably larger than most in the neighborhood and across the city, providing valuable outdoor space and potential. The home presents as a solid, no-frills property with a detached garage and an assessed value that is very typical for the area.
The primary appeal lies in its balance of a decent-sized home on a much larger-than-average parcel of land for an in-town neighborhood. While the house itself is older and its living space is modest relative to the citywide average, the lot size offers a rare commodity: room to breathe, garden, play, or potentially expand. It suits first-time buyers, downsizers, or practical investors looking for an entry into a established neighborhood without premium pricing for the structure itself, but who value private outdoor space. It’s a property where the land is the strategic asset, offering future flexibility.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No, the assessed value (approximately $32,100) is for municipal tax purposes. Market value is determined by what a buyer is willing to pay in the current market, which can be higher or lower. The last known sale was in August 2021.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope or finish quality. This is a key detail to verify during a viewing to understand if it’s a finished living space, a modernized utility area, or something in between.
3. How does the lot size compare practically?
At over 6,300 sqft, the lot is significantly larger than the ~5,085 sqft neighborhood average. This means more backyard space, greater distance from neighbors, and potentially fewer restrictions on additions like sheds, decks, or gardens compared to properties on standard-sized lots.
4. The home is older—what should I be mindful of?
Built in 1964, major systems like the roof, plumbing, electrical, and foundation should be carefully inspected. While the basement has been renovated, the core structure and other original components are now 60 years old and may require updates or maintenance.
5. How can I find out the exact historical sale prices?
The exact sold prices are not published publicly here. As noted on the detail page, you can request the precise sale history by emailing the source directly, which they provide manually as a service.