Property Overview
504 Regent Avenue W in Winnipeg’s Melrose neighbourhood presents a specific and practical opportunity in the local market. Built in 1953, its primary appeal lies in its generous 4,948 sqft lot, which is notably larger than many in the immediate area. The home itself is compact at 768 sqft, placing it below the average size for comparable homes on its street, in the neighbourhood, and across the city. Its assessed value is modest and aligns closely with area averages, though it sits well below the city-wide average for home values.
This property suits buyers looking for an affordable entry into homeownership with land to utilize or hold for future potential. It’s a practical choice for those comfortable with a smaller living footprint who value outdoor space over interior square footage. The data suggests it’s not a luxury offering but a grounded, value-oriented property that might appeal to an investor, a first-time buyer willing to renovate over time, or someone seeking a lower-maintenance lot compared to newer, denser subdivisions.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The land area of approximately 4,948 sqft is a standout feature. It ranks in the top 25% on its street and in the Melrose area, meaning the lot is significantly larger than many of its immediate neighbours.
2. Is the home’s living space considered small?
Yes. At 768 sqft, the living area is below the average for comparable homes on Regent Avenue W (~974 sqft), in Melrose (~973 sqft), and city-wide (~1,342 sqft). This indicates a cozy, efficient layout.
3. What does the assessed value tell us about the property?
The assessed value of $25,500 is around the average for the street and neighbourhood. However, it ranks in the bottom 18% city-wide, highlighting that this is a more affordable market segment compared to the broader Winnipeg average.
4. When was the home built, and what does that imply?
Built in 1953, the home is of a similar vintage to many in the area. Buyers should budget for maintenance and potential updates consistent with a home of this age, while also appreciating the character and established neighbourhood feel.
5. What was the previous sale price?
Public records indicate it last sold between 2019 and 2025 for an estimated $150,000–$200,000. For the exact historical sale price, you can request the information directly via the provided contact method.