Property Overview: 221 Regent Avenue E, Kern Park, Winnipeg

Key Characteristics & Appeal

This one-storey home, built in 1946, presents a practical opportunity in Winnipeg's Kern Park neighbourhood. Its key appeal lies in its balance of a modest, manageable footprint with valuable outdoor space. The 888 sqft living area is compact, ranking around average for its immediate street but below the wider city average, suggesting a home suited for efficient living or a smaller household. A significant asset is the 4,350 sqft lot, which is above average for the local area, offering generous yard space rarely found with newer builds. The presence of a detached garage and a pool further enhances the property's utility and leisure potential.

The home’s assessed value is notably below average for the area, which may indicate an entry point for buyers or signal a property that would benefit from modernization. It would suit a first-time buyer comfortable with a home that has character and room to grow outdoors, an investor looking for a land-value play with rental potential, or a downsizer seeking a single-level layout with a private, sizable yard for gardening or family gatherings. Its appeal is less about grandeur and more about the tangible assets of land, location, and the possibility to add value over time.

Frequently Asked Questions

1. Is the below-average assessed value a concern?
Not necessarily. A lower assessment relative to the neighbourhood can mean a more affordable property tax burden. It often reflects the home's older age and modest size compared to newer, larger builds. It's a key point for a buyer to investigate, as it could represent a value opportunity or indicate a need for updates.

2. How does the pool impact the property?
The pool is a notable feature for a home in this price range, offering immediate recreational value. Buyers should factor in the seasonal maintenance costs, insurance implications, and safety considerations, especially if they have young children. For the right buyer, it's a premium amenity.

3. What does the "one-storey" design mean for living?
This bungalow-style layout offers all living spaces on one level, which is ideal for accessibility and avoids stair navigation. The trade-off is that the living area square footage may feel more compact, and the basement (listed as "No") is likely a crawlspace or not developed, limiting storage or expansion options.

4. The home sold for between $155k-$185k in 2017. What should I consider?
That historical price reflects the market of eight years ago. While it provides context, current value will be driven by today's market conditions, any updates made since then, and the unique value of its larger lot. It underscores the property's long-standing position as a more affordable option in the area.

5. Who are the typical neighbours or buyers in Kern Park?
Kern Park is an established neighbourhood with a mix of original homeowners, families, and investors. The presence of both older homes like this one and newer constructions (see the reference property built in 2024) suggests an area in transition. Buyers here often prioritize location, lot size, and the community's established feel over a brand-new home.