Property Overview: 232 Regent Avenue E, Winnipeg
Key Characteristics & Appeal
This home presents a distinct profile defined by a significant contrast between its interior space and its lot. Built in 1922, it is a century-old property situated on a modest 2,701 sqft lot, which is notably smaller than most in its immediate area and across Winnipeg. However, its primary appeal lies in its generous 1,730 sqft of living area, which ranks in the top 1-2% for the Melrose neighbourhood and is well above the citywide average. This suggests a home that makes efficient use of its footprint, likely offering more room than the exterior might imply.
The assessed value is modest and in line with local area averages, but sits below the broader city average, indicating a potentially accessible entry point for the amount of interior space offered. The appeal here is for a specific buyer: someone prioritizing interior square footage and character of an older home over a large yard or a modern build. It would suit a practical buyer, perhaps a small household or a first-time buyer looking for space without a premium price, who is prepared for the maintenance considerations of a 104-year-old structure. A less obvious perspective is that the smaller lot could mean lower maintenance costs and less time spent on yard work, which some may see as a benefit.
Frequently Asked Questions
1. Why is the assessed value relatively low compared to the city average?
The assessed value is based on a combination of factors including the home's age, lot size, and local market conditions in Melrose. While the living space is large, the older age and smaller lot size contribute to an assessment that aligns more closely with neighbourhood norms than citywide averages.
2. What should I consider with a home built in 1922?
While offering classic character, a home of this age will likely require diligent maintenance and updates. Prospective buyers should budget for potential updates to major systems like plumbing, electrical, or the roof, and are strongly advised to invest in a thorough home inspection.
3. The living area is large, but the lot is small. What does this mean for me?
This configuration means ample indoor living space with less outdoor maintenance. It’s ideal if you value interior room over extensive gardening or outdoor recreation space. However, it may mean limited privacy, parking, or room for additions like a deck or garage.
4. How can I find out what this property previously sold for?
The exact sale price history is not publicly displayed. You can request this information directly via the "Get exact sold price history" email option provided on the listing page. The service is manual but typically replied to by the end of the same day.
5. How does this property compare to others nearby?
You can use the "Open neighbourhood map analysis" link to view this home on a map alongside nearby properties. This tool allows you to visually compare key metrics like year built, living area, and lot size for a clearer understanding of how it fits within the immediate streetscape.