Property Overview: 548 Regent Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Regent Avenue E in the Melrose neighbourhood presents a practical and affordable entry point into the Winnipeg market. Its key characteristic is its modest 739 sqft living area, which is notably compact compared to most homes in the city, ranking in the top 94% (meaning only 6% of city homes are smaller). Built in 1960, it is actually newer than many homes on its street and in the immediate area. The lot size is a standard 4,307 sqft for the locale, and its assessed value is very typical for Melrose.
The appeal lies in its efficiency and potential. The lower price point, reflected in the well-below-city-average assessment, offers a manageable investment. The relatively newer build year for the area suggests potentially fewer immediate age-related concerns than neighbouring properties. It suits first-time buyers seeking a foothold, investors looking for a rental property, or downsizers who prioritize a smaller, low-maintenance footprint without leaving the community. A thoughtful perspective is that this property represents the "bones" of an opportunity—its value is in the land and its structure, appealing to those who see potential in a cozy, functional space or a long-term hold in a stable area.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 739 sqft, the home is compact. It's best suited for individuals, couples, or those comfortable with efficient living. It ranks as significantly smaller than the Winnipeg average.
2. How does the assessed value compare?
The assessed value of $26,800 is very average for both Regent Avenue E and the broader Melrose area. However, it is well below the citywide average, highlighting the neighbourhood's affordability.
3. What does the 1960 build year mean for maintenance?
While 66 years old, this home is newer than many on its block. This could mean updates have been made over time, but a thorough inspection is always recommended to understand the condition of major systems like roof, wiring, and plumbing.
4. What is the potential for expansion or renovation?
The standard-sized lot (over 4,300 sqft) could allow for future additions like a garage or an extension, subject to local zoning and permit approvals. The compact existing structure provides a clear canvas.
5. Where can I find more detailed historical data, like the exact past sale price?
The listing indicates the home sold between $200k-$250k in 2017. For the precise sale price and full history, you must request the information directly via the provided email service on the property page.