Property Overview: 402 Regent Avenue E
Key Characteristics & Buyer Profile
This home at 402 Regent Avenue E in Winnipeg's Melrose neighbourhood presents a practical and efficient living space. Built in 1975, it is notably newer than most homes on its street and in the immediate area, which may appeal to those seeking a property with potentially fewer concerns related to aging infrastructure. With 1,029 square feet of living area, it offers a comfortably sized layout that is very typical for Melrose, fitting right in with the local scale of homes.
Its primary appeal lies in its position as a straightforward, no-surprises property within its community. The assessed value is consistent with area averages, suggesting a fair market entry point. The lot, while smaller than many in the city, is manageable and requires less upkeep. This combination suits first-time homebuyers, downsizers, or practical investors looking for a turnkey residence in a long-established neighbourhood without the premium for extra land or square footage. A thoughtful perspective is that its newer construction date relative to its peers could mean more modern wiring, plumbing, or insulation standards than neighbouring older homes, offering a subtle advantage that isn't immediately visible.
Frequently Asked Questions
1. How does the lot size impact this property?
At 3,075 sqft, the lot is smaller than the average for both the street and the city. This means lower maintenance for gardening and yard work, but also less private outdoor space. It's ideal for those who prefer a simpler yard but may not suit those wanting extensive gardens or room for large additions.
2. What does the 1975 build year mean for me?
Built 51 years ago, this home is newer than many in Melrose. This can be positive, potentially indicating updates to building codes and materials used in the 1970s. However, it is still an older home, so a thorough inspection of its roof, windows, and major systems is always recommended.
3. Is the assessed value a good indicator of the selling price?
The assessed value of $26,500 is for municipal tax purposes and is typically lower than market value. It shows the home is in line with area averages, but the final sale price will be determined by current market conditions, the home's specific condition, and buyer demand.
4. Who are the most likely neighbours?
The nearby properties are a mix of similar-sized homes from various eras, suggesting a stable, residential area. The provided comparisons show homes from the 1950s to a new 2024 build just down the street, indicating a neighbourhood with a range of residents, from long-time owners to newcomers.
5. Why is there no public sold price history shown?
Detailed sale price history is not always publicly available in all jurisdictions. The listing service offers to provide this information manually via email to ensure accuracy and to confirm the data directly from reliable sources, avoiding potentially incomplete or outdated online records.