Property Summary: 618 Regent Avenue W, Winnipeg
Section 1: Key Characteristics & Appeal
This 832 sqft bungalow, built in 1953, presents a practical opportunity in Winnipeg's Melrose neighbourhood. Its primary appeal lies in a strong value proposition within its immediate context. While the living space is modest compared to the citywide average, the property stands out locally with an assessed value that ranks in the top 21% for the area, suggesting it is viewed as a solid asset relative to its peers. This is further supported by a lot size of nearly 5,000 sqft, which is notably larger than most lots on the same street and in Melrose, offering valuable outdoor space or future expansion potential.
The home would suit first-time buyers or downsizers seeking an affordable entry into the market with a property that has inherent value strength in its locale. It also appeals to the value-conscious investor or homeowner who prioritizes land size over interior square footage, seeing potential in the generous lot. A less obvious perspective is that a home with above-average assessed value for the area, yet with a recent sale price in a moderate range, may indicate room for cosmetic updates, allowing a buyer to add value through renovations while already owning a well-situated parcel of land.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 832 sqft, the living area is slightly below the average for both Regent Avenue W and the broader Melrose area (avg. ~974 sqft). City-wide, it is notably more compact than the average Winnipeg home.
2. What does the assessed value ranking mean?
The assessed value of $31,200 ranks in the top 17% on its street and top 21% in the Melrose area. This indicates that, for its location and type, the property is officially valued higher than most comparable homes nearby, which can be a positive indicator of its relative worth.
3. How recent is the sale history?
The property sold between 2022 and 2025, with a recorded price range of CA$300,000–350,000. Exact sale prices require a manual request from the listing service.
4. Is the lot size a significant feature?
Yes. The lot of 4,949 sqft is over 20% larger than the average lot on the same street and in the Melrose area. This is a key asset, providing more yard space than is typical for the neighbourhood.
5. What is the context of the 1953 build year?
The build year (1953) is very typical for this street and the Melrose area, where most homes were built in the early-to-mid 1950s. It is neither notably older nor newer than its immediate neighbours.