Property Overview
This home at 736 Regent Avenue W in Winnipeg's Melrose neighbourhood presents a specific and practical value proposition. Built in 1942, it's an older home that stands out in its immediate area for its above-average interior space, while its assessed value positions it as an accessible entry point into the market.
Key Characteristics & Appeal
The primary appeal of this property lies in its efficient use of space and land. With 1,182 sqft of living area, it is notably larger than many comparable homes on its street and in the Melrose area, ranking in the top 17%. This makes it a practical choice for small families, first-time buyers, or those seeking a comfortable footprint without excessive upkeep. The lot size of 4,452 sqft is also slightly above average for the locale, offering decent outdoor space.
Its assessed value is modest, especially when viewed city-wide, suggesting a lower property tax burden and an attractive price point for budget-conscious buyers. This combination of more interior space on a decent lot at a lower assessed value creates a compelling efficiency—you get more house for your dollar within this specific community compared to the Winnipeg average.
The home would suit a pragmatic buyer: a first-time purchaser looking for a solid starter home with room to grow, an investor seeking a property with a fundamental value proposition in an established area, or a downsizer wanting manageable space without feeling cramped. It’s for someone who values practical square footage and lot size over modern construction, as the 1942 build date indicates potential for updates.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
It offers more living space than most direct neighbours. At 1,182 sqft, it ranks in the top 17% for living area in the Melrose area, where comparable homes average about 973 sqft.
2. What does the assessed value tell me about this property?
The assessed value of $27,100 is around the average for Melrose and its specific street. However, it is significantly below the city-wide average, which may indicate a more affordable property tax liability and a price point geared toward entry-level or value-focused buyers.
3. The home was built in 1942. What should I consider?
As an 84-year-old home, it is older than most on its street and in Winnipeg. Prospective buyers should prioritize a thorough inspection to understand the condition of major systems (like plumbing, electrical, and the foundation) and budget for potential updates or maintenance typical of a house of this era.
4. Is the lot a good size?
Yes. At 4,452 sqft, the lot is slightly larger than the average for both Regent Avenue W and the Melrose area, providing a good balance of yard space without being overly burdensome to maintain.
5. Where can I see how this property fits into the neighbourhood?
You can view a detailed neighbourhood analysis map that compares this home to nearby properties based on year built, living area, assessed value, and lot size. A link to this tool is provided in the full property details.