Property Summary: 536 Regent Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 536 Regent Avenue W in the Melrose neighbourhood is a practical, entry-level property. Built in 1954, it’s a modest 802 sqft bungalow on a 3,299 sqft lot. The data reveals its position as a more affordable option: its assessed value is very typical for its immediate street and area, but sits well below the Winnipeg city average, indicating a lower price point. Similarly, its living space is smaller than most homes city-wide.
Its primary appeal lies in affordability and location within a well-established area. It represents a realistic starting point for first-time homebuyers or an investor looking for a straightforward rental property. The lot size, while below average for the street, is fairly typical for Melrose, offering manageable outdoor space without high maintenance demands. A thoughtful perspective is that its "average" standing in the local context for value and age suggests a stable, non-speculative purchase in a neighbourhood without extreme valuations. It suits a buyer comfortable with a smaller, older home who prioritizes getting into the market over size or modern finishes, and who sees potential in a property that is already priced in line with its immediate peers.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others?
At 802 sqft, the living area is below the average for similar homes on its street, in Melrose, and across Winnipeg. This is a compact home, which is a key factor in its affordability.
2. Is the assessed value high for the area?
No. The assessed value of $27,300 is very much in line with the average for Regent Avenue W and the Melrose area. It is, however, significantly below the city-wide average for assessed values, highlighting its relative affordability in the broader market.
3. What can the recent sale price range tell me?
The property sold for an estimated $250,000–$300,000 in 2024. This range placed it in the top 28-33% of sales for the local area, meaning it sold for more than many nearby homes. This suggests the market price exceeded its assessed value, which is common.
4. How old is this home, and is that typical?
Built in 1954, it is 72 years old. This is very typical for the street and neighbourhood, where most homes were built in the early-to-mid 1950s. It is slightly newer than the Winnipeg city average.
5. Where can I see more detailed context for this property?
You can open the neighbourhood analysis page to view this home on a map alongside nearby properties, comparing details like year built, living area, and lot size directly with its neighbours.