Property Summary: 228 Regent Avenue E, Winnipeg
Key Characteristics & Appeal
This 799 sqft home, built in 1977, presents a practical and efficient living space in Winnipeg's Melrose neighbourhood. Its key appeal lies in its relative modernity compared to the local area—it is newer than approximately 90% of homes on its street and in the immediate vicinity. This suggests potentially fewer major age-related concerns than older area properties. The home sits on a modest 2,701 sqft lot, which translates to lower maintenance and is a sensible fit for the scale of the house.
The property’s assessed value ($29,900) is notably higher than the average for Regent Avenue E, ranking in the top 29% on the street. This indicates it is viewed as a higher-value asset within its specific local context, even though its size is below area averages. Recent sold price history shows steady appreciation.
This home would best suit a first-time buyer, downsizer, or pragmatic investor seeking an efficient, lower-maintenance property in a mature neighbourhood. Its size and lot are manageable, while its newer vintage offers a practical advantage. It’s a property for those who prioritize sensible scale and modern infrastructure over expansive space.
Frequently Asked Questions
1. Is this a small house?
Yes, at 799 sqft, the living area is below the average for the street, neighbourhood, and city. It is a compact, efficient layout suited for individuals, couples, or small families.
2. Why is the assessed value higher than the street average if the house is smaller?
The assessment considers multiple factors, not just size. The home’s younger age (1977 vs. a street average from ~1952) and likely updated systems or condition contribute to its higher valuation relative to its immediate neighbours.
3. What does the lot size mean for me?
At 2,701 sqft, the lot is smaller than most in the area. This is a advantage for those seeking minimal yard upkeep, but it offers less space for expansions, large gardens, or extensive outdoor recreation.
4. How has the property’s value changed?
Based on available data, it sold in the $200k-$250k range in 2019 and the $250k-$300k range in 2021, indicating a pattern of appreciation. The exact sold prices are available upon request.
5. Is this a good investment for the area?
The home already holds a strong value position on its street (top 29% by assessment) and has appreciated. Its newer age may appeal to future buyers wary of the maintenance needs of much older area homes, offering a distinct niche.