426 Regent Avenue E

Property Overview: 426 Regent Avenue E, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a compact, century-old property in Winnipeg's Melrose neighborhood, presenting a clear value-oriented opportunity. Its key characteristic is its modest scale, with 829 sqft of living space on a 2,700 sqft lot, which is smaller than most homes on its street and in the wider city. Built in 1923, it is notably older than the average area home.

The appeal lies in its accessibility. With a historically low assessed value and a previous sale price in the $150k-$200k range, it represents one of the most affordable entry points into homeownership in Winnipeg. This isn't a property for those seeking ample space; instead, it suits pragmatic first-time buyers, investors looking for a rental property with lower upfront costs, or downsizers seeking minimal upkeep. Its smaller size and lot also translate to potentially lower property taxes and maintenance expenses. A thoughtful perspective is that its "below average" metrics in size and assessment are precisely what create its niche—offering a foothold in the market without the premium price tag of larger, modernized homes.

Section 2: Frequently Asked Questions

1. What does the "Top X%" ranking mean for each metric?
It indicates how this property compares to a group of similar homes. For example, "Top 88%" for Assessed Value on its street means its value is higher than only 12% of comparable homes, confirming it is a lower-valued property in its immediate area.

2. Is the low assessed value a concern?
Not necessarily. It primarily reflects the property's modest size, age, and likely condition relative to others. It's a key factor in its affordability and results in lower municipal property taxes, which can be a significant ongoing savings.

3. What are the considerations with a home built in 1923?
While offering classic charm, it may require more attention to aging components like plumbing, electrical, and insulation. A thorough inspection is essential. However, its age is typical for the Melrose area, where many homes are from the mid-20th century.

4. How usable is a 2,700 sqft lot?
The lot is functional but compact. It allows for a small yard or garden but offers limited space for major expansions, large decks, or extensive landscaping compared to the area average of over 4,000 sqft.

5. How can I find out the exact past sale price?
The provided price is a public data range. You can request the precise sale history by submitting your email via the "Get exact sold price history" button on the listing page. The service is manual, with a promised reply by the end of the same day, and your email is not used for marketing.