Property Overview
26 Regis Drive is a 960 sqft bungalow built in 1979, situated on a 3,686 sqft lot in Winnipeg's River Park South neighborhood. With an assessed value of $368k, it presents as a practical and affordable entry point into a well-established area.
Key Characteristics & Appeal
This home’s primary appeal lies in its value positioning and move-in ready foundation. It is priced below the neighborhood average, offering a cost-effective opportunity in a mature community. The 1979 build date is actually newer than most comparable homes in Winnipeg, suggesting potentially fewer age-related concerns than many city-wide properties. While the living space and lot size are modest compared to area averages, this translates to lower maintenance and utility costs—a practical advantage for certain buyers.
The property would suit first-time homebuyers seeking an affordable, single-story layout, or downsizers looking to rightsize without leaving a familiar neighborhood type. It’s a sensible choice for those prioritizing financial accessibility over square footage, and who value a home that is average for its immediate street, providing a sense of fitting in rather than standing out.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, the home sold between $350k-$400k in early 2023. That sale price was in the top 13% for the street, indicating it was a strong price for this specific location at that time.
2. Is the lot size a limitation?
The lot is smaller than most in River Park South. This means less yard maintenance but also less private outdoor space. It’s a trade-off that favors simplicity over gardening or expansive recreation areas.
3. What does the "newer than average" build year mean for me?
Built in 1979, the home is newer than the Winnipeg average for comparable properties. While still over 40 years old, this can imply updates to building standards or materials compared to older stock, but a thorough inspection is always recommended.
4. Why is the assessed value below the neighborhood average?
The assessed value of $368k is below the River Park South average largely due to the home’s below-average square footage and lot size for the area. The assessment reflects the physical characteristics of the property itself.
5. How can I verify the exact historical sale price?
The provided sold price is a publicly estimated range. For fully verified and exact sale figures, you must request a manual lookup from the site, which they provide via email due to industry data restrictions.