50 Regal Avenue

Property Overview: 50 Regal Avenue, Varennes, Winnipeg

Section 1: Key Characteristics & Appeal

This property at 50 Regal Avenue is defined by its exceptionally generous living space within a well-established neighbourhood. Its primary appeal lies in offering significantly more interior room than nearly all comparable homes on its street and in the Varennes community. With 1,905 sqft of living area, it ranks in the top 2% locally, providing ample space for comfortable family living, dedicated home offices, or flexible room layouts that are hard to find in typical area homes.

The home suits buyers who prioritize spacious interiors over a modern build date. Built in 1928, the property is notably older than area averages, which suggests potential for character and solid construction, but also implies that its condition, systems, and layout are key inspection points. The tax-assessed value is consistently above average across all comparison levels, reflecting its perceived worth and larger size, which also indicates a correspondingly higher property tax commitment.

A thoughtful perspective is that this home represents an opportunity in space versus modernity. Buyers who value square footage and are prepared to invest in updates or appreciate classic craftsmanship will find compelling value here, especially compared to newer but smaller builds in the area. The lot size is standard for the locale, offering typical outdoor space without being a standout feature. This property is ideally suited for a growing family, a multi-generational household, or anyone needing substantial room without moving to the city's outer edges, provided they are comfortable with the nuances and potential maintenance of a near-century-old home.

Section 2: Frequently Asked Questions

1. How does the living space truly compare to nearby homes?
The 1,905 sqft living area is a major advantage. It is approximately 85% larger than the average home on Regal Avenue (~1,029 sqft) and 91% larger than the Varennes community average (~997 sqft). This places it in the 98th percentile locally, meaning only a handful of homes offer more interior space.

2. The home was built in 1928. What should I consider?
The build year is older than about 79% of homes on its street. Prospective buyers should pay close attention to the condition and age of major systems (roof, plumbing, electrical, foundation, insulation) and potential updates. A thorough inspection is essential. The era may also bring desirable character details and sturdy construction.

3. What does the above-average tax assessment mean for me?
The assessment of $550,000 is well above local averages (e.g., ~$335,000 on its street). This generally reflects the property's larger size and the city's valuation, which forms the basis for property tax calculations. You can expect a correspondingly higher annual property tax bill compared to a typical area home.

4. Is the lot size a pro or a con?
The lot of 5,084 sqft is very close to the neighbourhood average. It provides a standard-sized yard for the area—adequate for gardening, play, or relaxation, but not an exceptionally large or small feature. It aligns with the community's established density.

5. How should I interpret the various ranking data?
The rankings compare this home against three circles: its immediate street, the broader Varennes community, and all of Winnipeg. The key takeaway is that this property excels in living space, is above average in assessed value, is older than most, and has a standard lot for its area. This helps identify its true strengths (space) and trade-offs (age) within a specific context.