Property Overview: 101-550 Regent Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This 900 sqft property, built in 2010, is a condo unit in the Melrose neighbourhood. Its primary appeal lies in its strong standing within its immediate building and street context. On Regent Avenue West, it ranks in the top 16% for both living area and assessed value, meaning it is notably larger and has a higher municipal assessment than most comparable units on the same street. Most strikingly, it is the newest building on its street, ranking in the top 2%.
The appeal is nuanced. While the unit feels spacious and modern compared to its direct neighbours, it is smaller and has a lower assessed value than the average for the broader Melrose area. This creates a specific value proposition: you are acquiring a relatively newer, well-sized unit in a building that outpaces its immediate peers, but within a neighbourhood that includes larger, potentially higher-value properties.
This profile would suit a pragmatic buyer looking for a well-maintained, modern condo without a premium price tag. It’s ideal for a first-time buyer or an investor seeking a unit that stands out positively on its street—a factor that can contribute to stability and desirability. The data suggests a buyer who values concrete comparisons over area-wide averages.
Section 2: Frequently Asked Questions
1. What does its "top 2%" ranking for year built on its street mean?
It means this is the newest building among the 57 comparable properties on Regent Avenue West. This typically suggests newer building systems, potentially lower immediate maintenance costs, and modern construction standards compared to its direct neighbours.
2. If it's above average on its street, why is it below average for the Melrose area?
The Melrose area includes a wider variety of properties. While this unit is larger and newer than most on its block, the area average includes many larger or differently configured homes, pulling the area's average living area and value higher.
3. How reliable is the assessed value for determining market price?
Municipal assessed value is used for calculating property taxes and is not a direct market appraisal. It can be a benchmark, but the actual sale price is determined by current market conditions. The sold price range from 2019 ($150k-$200k) is a more relevant, though historical, data point.
4. Who would I be sharing the building with?
The listing shows several other units at 550 Regent Avenue W (e.g., 102, 103, 104, 201, 204). This indicates a multi-unit condo building. Researching the condo corporation's financial health and rules would be an essential next step.
5. How can I get the exact historical sale price?
The exact sale price is not publicly displayed. As noted, you must email the listing service to request it manually. They state they do not use email addresses for marketing and aim to provide the figure by the end of the same day.