Property Overview
This 2019-built home at 28 Regal Avenue stands out for its modern construction and generous living space within the established Varennes community. Its key appeal lies in offering a contemporary, low-maintenance lifestyle without sacrificing room to grow. The nearly 1,600 sqft of living area is significantly above the local average, placing it comfortably within the top 15% of its street and top 6% of its neighborhood. This is complemented by a high assessed value, ranking in the top 12% citywide, which reflects its premium positioning.
The property is ideally suited for buyers who prioritize a modern, move-in-ready home with ample interior space over a large yard. It’s a strong match for professionals, small families, or downsizers seeking a newer build with modern efficiencies, who value being in a desirable area among predominantly older homes. A thoughtful perspective is that while the lot size is more compact than area averages, this often translates to less exterior upkeep, aligning perfectly with the modern, efficient ethos of the home itself. You're acquiring a top-tier interior and a newer asset in a mature community.
Frequently Asked Questions
1. How does the property's value compare to its neighbors?
The home's tax assessment value of $556,000 is substantially higher than local averages (about $335,000 on its street), placing it in the top 13% locally. This indicates it is viewed as a premium property within the area, likely due to its newness and size.
2. Is the living space considered large for the area?
Yes. With 1,592 sqft, it ranks in the top 14% on its street and top 6% in the Varennes community, where average homes are around 1,000 sqft. It offers significantly more interior space than most nearby properties.
3. What are the trade-offs for having a newer home in this neighborhood?
The major trade-off is land size. The lot of 3,390 sqft is below the area average, meaning a smaller backyard compared to many older homes on the street. The benefit is a modern home (2019) in a mature community, with likely lower immediate maintenance costs.
4. Does the high assessed value mean my property taxes will be very high?
Not necessarily. Property tax is calculated using the assessed value and the municipal tax rate. While the assessment is a key component, a higher assessment doesn't automatically mean disproportionately high taxes if the home is in line with area valuations. It does confirm the home is in a premium bracket for the locale.
5. What does the "建造年份" (Build Year) ranking tell me?
Built in 2019, this home is newer than 96% of comparable properties across Winnipeg, ranking in the top 4% citywide. On its street, where the average build year is 1959, it is among the newest. This suggests advantages in building codes, materials, and systems efficiency.