Property Overview: 8 Regina Place, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Kildare-Redonda is a practical property that offers solid value, particularly for its lot size and location. Its key appeal lies in its balance: a 960 sqft living space on a significantly larger-than-average lot of 6,619 sqft for the neighbourhood. This creates a standout opportunity for outdoor space, gardening, or future expansion that is rare in this area. The home features a renovated basement and a detached garage.
While the living space is modest and the 1970 build date places it among the older homes on its street, its assessed value ranks highly within Kildare-Redonda itself, suggesting it is viewed as a strong asset in its immediate community. Recent sale prices indicate steady, above-average value retention for the area.
This property would best suit first-time buyers, downsizers, or practical investors looking for a manageable footprint without sacrificing yard space. It’s for someone who values a larger, private outdoor area over a large interior and is comfortable with a home that may require updates suited to personal taste.
Section 2: Frequently Asked Questions
1. How does the lot size compare to typical properties?
The lot is a key feature. At 6,619 sqft, it is significantly larger than the Kildare-Redonda average (~5,085 sqft), placing it in the top 6% of the neighbourhood. This is a substantial amount of private outdoor space.
2. Is the living area smaller than average?
Yes. The 960 sqft living area is below the city-wide average. However, it is close to the average for the Kildare-Redonda neighbourhood specifically, indicating the home’s size is quite typical for this part of Winnipeg.
3. What does the "above average" assessed value for the neighbourhood mean?
It means that, according to municipal assessment, this property is valued higher than most homes in Kildare-Redonda (top 7%). This often reflects the desirable lot size and recent sales trends in the immediate area, even if the house itself is modest.
4. Has the property’s value increased?
Based on available sale price ranges, the property sold for noticeably more in 2024 than it did in 2020, showing appreciation that outpaces many comparable homes in the broader area.
5. What might be a less obvious consideration?
The home is the newest build on its block (ranked 1 of 10 on Regina Place for year built). This could mean it has had fewer owners or slightly newer core components than its direct neighbours, a subtle but potentially meaningful detail.