Property Overview: 512 Regent Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 512 Regent Avenue E in the Melrose neighbourhood presents a practical and straightforward ownership opportunity. Built in 1963, it is notably newer than many homes on its street and in the immediate area, which can be an advantage for maintenance and system updates. With 928 square feet of living space and a 4,006 sqft lot, its size is very typical for Melrose, offering a manageable scale for upkeep.
The primary appeal lies in its positioning as a competitively assessed property within its local context. Its assessed value ranks solidly above the median for both the street and the neighbourhood, suggesting it is viewed favorably relative to its direct peers. This creates a potential entry point into a stable, established area without a premium price tag. The lot size provides adequate outdoor space for a garden or relaxation, consistent with the community's character.
This property would best suit first-time buyers, downsizers, or practical investors seeking a no-frills home in a long-established neighbourhood. It’s for someone who values a home that is in line with—or slightly newer than—its surroundings and is comfortable with a property that may require updates to match modern tastes. A thoughtful perspective is that its "average" size and "above-average" year built for the area indicate a home that likely avoids the extreme quirks or major deficiencies sometimes found in much older stock, representing a balanced, middle-ground option.
Section 2: Frequently Asked Questions
1. How does this home’s assessed value compare to nearby recent sales?
Based on available data, a home with a similar assessed value on this street sold in the range of $150k-$200k in 2016. For a precise, up-to-date sales history, you can request the exact sold price records via email.
2. Is the living space smaller than average?
Within the Melrose neighbourhood and on Regent Avenue E itself, the living area is very close to the local average. It is, however, below the city-wide average for Winnipeg, which is typical for many established inner-city neighbourhoods.
3. What does it mean that the home is "newer" than others on the street?
Built in 1963, this home is approximately 11 years newer than the street average (1952) and 16 years newer than the area average (1947). This can imply potentially fewer age-related issues with foundational elements, wiring, or plumbing compared to its immediate neighbours.
4. How does the lot size compare?
At just over 4,000 sqft, the lot is standard for Melrose. It is smaller than the Winnipeg city average, but offers a reasonable yard space typical of the post-war era in this location.
5. Who are the immediate neighbours?
The adjacent properties are primarily similar single-family homes, as listed (508, 506, 504 Regent Avenue E). The consistent streetscape suggests a stable, residential environment.