Property Overview
This home at 22 Regal Avenue presents a compelling mix of modern living and established community. Its primary appeal lies in its significant advantages in three key areas: it is a notably newer build (2019) compared to most homes in the area, it offers generous living space (1,592 sqft), and it carries a high assessed value. These features position it well above average for its street and the broader Varennes neighborhood. A thoughtful perspective is that this combination suggests a property that has been built with modern standards and finishes, potentially offering greater energy efficiency and lower immediate maintenance costs than older homes in the area.
The trade-off for these modern interiors and size is a more compact land footprint (3,388 sqft). This makes the property particularly well-suited for buyers who prioritize a spacious, turn-key home with less yard upkeep. It would appeal to professionals or small families seeking a modern, low-maintenance property in a mature neighborhood, without the typical concerns of an older house. It’s less ideal for those seeking extensive outdoor space for gardening or expansion.
Frequently Asked Questions
1. The land size is noted as below average. How does this impact the property?
While the lot is smaller than many in Winnipeg, it is a common profile for newer infill developments in established neighborhoods. It translates to less yard maintenance and may contribute to a more efficient property layout. The focus here is squarely on the home itself.
2. The assessed value is significantly higher than area averages. Will my property taxes be much higher?
Likely, yes. The $557,000 assessment is a key municipal input for calculating property taxes. While not the sole factor, prospective buyers should budget for a tax bill that aligns with this above-average valuation for the area.
3. As a 2019 build, what are the advantages over an older home?
Beyond contemporary design, a home of this age likely has modern building codes, newer major systems (like HVAC, wiring, and plumbing), and may come with remaining transferable warranties. This can mean fewer unforeseen repair costs in the initial years of ownership.
4. Who would this home not suit as well?
Buyers with a strong desire for a large, private backyard, those interested in future additions like a detached garage or large deck, or individuals who prefer the classic character and larger lot sizes of much older homes might find other properties in the area a better fit.
5. The rankings show it's "above average" in many categories. What does that mean for resale?
These metrics indicate the home has standout features (newness, size, perceived value) within its immediate market. This strong positioning relative to comparable homes can be a supportive factor for its value over time, assuming the overall market remains stable.