Property Overview: 544 Regent Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a solid, value-oriented opportunity in the Melrose neighbourhood. Built in 1960, it sits on a generously sized lot of 4,607 sq ft, which is notably larger than many of its immediate neighbours. With 1,103 sq ft of living space, the house itself is also above average for both its street and local area, suggesting a comfortable footprint for a family or someone seeking extra room.
The primary appeal lies in its strong positional value within its micro-market. The assessed value of $34,400 ranks in the top 10% for both Regent Avenue E and the broader Melrose area, indicating that the property is considered more valuable than most comparable homes nearby. This could point to better upkeep, desirable improvements, or simply a premium lot location. The last known sale was between $250k-$300k in 2020.
This property would suit a practical buyer looking for a well-established neighbourhood. It’s ideal for someone who values space—both indoors and out—over a brand-new build, and who appreciates a home that already holds a strong assessed value relative to its peers. It’s a sensible choice for first-time homeowners or investors seeking a property with proven, above-average metrics on its block.
Section 2: Frequently Asked Questions
1. What does the high assessed value ranking mean?
Ranking in the top 9-10% for assessed value on its street and in Melrose means the municipal assessment is significantly higher than most similar homes nearby. This often reflects factors like renovations, additions, or a premium lot, but it's important to review the current condition and any recent upgrades.
2. How does the lot size compare?
At 4,607 sq ft, the lot is larger than the average on Regent Avenue E (~4,118 sq ft). This offers more outdoor space than many properties in the immediate vicinity, which is a less common find in established neighbourhoods.
3. Is the living space suitable for a family?
With 1,103 sq ft, the living area is above the local average (~974 sq ft). This typically allows for two to three bedrooms and common living areas, making it functional for a small family or couple needing a home office or guest space.
4. When was it last sold, and for how much?
The property last sold in 2020, with a public price range of $250,000 to $300,000. For the exact sale price, you can request details via the provided email service on the original listing page.
5. How does this home fit within the broader Winnipeg market?
City-wide, this home is around average or slightly above for its age and lot size, but its living space is below the city average (~1,342 sq ft). Its standout features are primarily local: it offers more space and a higher assessment value than most direct competitors in Melrose and on its own street, highlighting its strength as a neighbourhood-specific value.