Property Overview: 316 Regent Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a practical, no-frills property built in 1924, offering 1,020 sqft of living space. Its primary appeal lies in its position as a modestly-sized and assessed entry point into the Melrose neighbourhood. The lot is compact at 2,700 sqft, which translates to lower maintenance. While its assessed value is below average for the street, area, and city, this also suggests a potentially accessible price point for a detached home.
The property would suit first-time buyers or practical investors seeking a straightforward, lower-cost footprint in a central Winnipeg neighbourhood. It’s a home for those prioritizing function and location over size or modern amenities. A thoughtful perspective: its age and below-average assessments could represent a canvas for someone willing to gradually add value through updates, rather than paying a premium for a fully renovated property.
Section 2: Frequently Asked Questions
1. What does the "below average" assessed value actually mean?
The home's assessed value is lower than most comparable properties on its street, in Melrose, and across Winnipeg. This typically reflects factors like the home's age, size, condition, and lot dimensions. It generally indicates a lower property tax burden and a potentially more affordable purchase price.
2. Is the small lot size a major drawback?
It depends on your priorities. The 2,700 sqft lot is significantly smaller than area averages, limiting expansive outdoor space. However, this means less yard work and lower maintenance, which can be a benefit for busy owners or those seeking a more lock-and-leave property.
3. The home is 100 years old. What should I consider?
A house from 1924 will likely have older building materials and systems. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and roof. While this requires diligence, well-maintained character homes of this era can offer solid construction.
4. How does this property compare to its immediate neighbours?
The data shows it's very similar in living area to nearby homes on Regent Avenue W, but it sits on a smaller lot and has a lower assessed value than the street average. This suggests it may be a more modest offering on its own block.
5. The home sold between 2022-2025. Why is the exact price not listed?
Exact sale prices in Manitoba are not publicly available in real-time. The range provided is based on public data estimates. You can request the precise sale history by emailing the listing service, which manually verifies and provides that information.