Property Overview: 54 Regal Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 54 Regal Avenue is a compact, historically grounded property built in 1929. Its primary characteristic is its modest scale: with 612 sqft of living space and a 3,389 sqft lot, it sits well below average size compared to most homes on its street, in the Varennes neighbourhood, and across Winnipeg. This is reflected in its assessed value of $208k, which is notably lower than area averages.
The appeal lies in its position as an accessible entry point into the market. It suits first-time buyers, investors, or downsizers seeking a lower financial barrier to entry and a manageable property to maintain or renovate. A thoughtful perspective is that its smaller footprint and older vintage could appeal to someone specifically interested in a minimalist lifestyle or a character home from the late 1920s, offering a distinct sense of history compared to the more common post-1950s builds in the area. The data suggests it’s a property where value is derived from location and lot potential rather than from existing size or finishes.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the street average?
The assessed value is closely tied to the home’s physical characteristics. At approximately half the average living area for the street and on a smaller lot, the valuation is proportionally lower, reflecting the property’s scale.
2. What does the "Below Average" ranking for living area practically mean?
It confirms this is a notably compact home. The 612 sqft layout will be efficient and likely consists of fewer or smaller rooms than typical houses in the area, which average over 1,000 sqft. This is a key consideration for space needs.
3. Is the older year built (1929) a concern?
It indicates potential for character but also for older infrastructure. While it’s around the neighbourhood average age, a home from 1929 may require careful inspection for updates to wiring, plumbing, insulation, and the foundation. Its maintenance history is crucial.
4. How reliable is the sales history data provided?
The page states no sales history is shown for this listing. The site notes its sold price data is from public sources, not the MLS, and offers a manual email service to request verified transaction history and exact figures.
5. Who might this property not suit?
It may not suit buyers requiring multiple bedrooms, dedicated home office space, or ample storage. Families or those who frequently entertain indoors might find the living area restrictive. The investment is primarily in the land and location, not in move-in square footage.