Property Overview
This home at 730 Regent Avenue W in Winnipeg's Melrose neighbourhood presents a practical opportunity. Built in 1959, it’s a 957 sqft house on a notably spacious 5,500 sqft lot. The data suggests its appeal is rooted in its above-average lot size and assessed value for its immediate area, offering more outdoor space than most neighbouring properties. While its living space is typical for Melrose, it is more compact compared to the Winnipeg citywide average, indicating a efficient, manageable footprint.
This property would suit first-time buyers or downsizers looking for a lower-maintenance home with a generous yard in an established neighbourhood. Its strong assessed value ranking on its street and in Melrose suggests it is well-positioned within the local market. A thoughtful perspective is that this home represents a balance: you’re acquiring a proportionally large parcel of land with a modest-sized house, which could appeal to someone valuing outdoor potential over extensive indoor square footage.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
The 5,500 sqft lot is a standout feature, ranking in the top 11% in the Melrose area. It’s significantly larger than the local average, offering more private outdoor space than most comparable homes.
2. Is the living area smaller than average?
For the Melrose neighbourhood, the 957 sqft living area is very close to the average. However, it is below the citywide average, so buyers accustomed to newer suburban homes might find it compact.
3. What does the assessed value indicate?
With an assessed value of $30.5k, this property ranks above average for both its street and the Melrose area. This often reflects a favourable valuation relative to its immediate peers, though market conditions and the home's condition are the ultimate price determinants.
4. How old is the home, and what might that mean?
Built in 1959, the home is newer than many on its street and in Melrose. While this could mean somewhat newer systems, a home of this age will still require a thorough inspection for its roof, wiring, plumbing, and insulation.
5. Where can I see more detailed comparisons with neighbouring properties?
You can use the provided link to open a neighbourhood map analysis. This tool allows you to visually compare this property with nearby homes based on year built, living area, assessed value, and lot size.