Property Overview: 559 Regent Avenue E, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home in Kern Park offers a practical and modernized living space. Its key characteristic is a well-proportioned, recently renovated 1,188 sqft layout, which is notably above average for both its immediate street and the Kern Park neighbourhood. The home is relatively newer than most in the area, built in 1978, suggesting potentially fewer concerns with aging infrastructure common in older Winnipeg houses. A detached garage and a renovated basement add functional space and value.

The appeal lies in its balance of size, modernity, and location. It provides more interior space than many neighbouring homes without the premium price tag of a brand-new build. The renovated basement is a significant asset, effectively increasing usable living area. This property would suit first-time buyers or downsizers seeking a move-in-ready home with ample space in a stable neighbourhood. It’s also a sensible choice for value-conscious buyers who prioritize updated interiors and a efficient floor plan over a large yard, as the lot size is more compact.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to likely market value?
The home’s assessed value is $290k. It’s important to note this is for tax purposes. Market value is determined by recent sales of comparable homes, buyer demand, and the home’s condition. The last known sale was in 2020, so current market value may differ significantly.

2. What are the pros and cons of the lot size?
At 3,303 sqft, the lot is smaller than the Winnipeg average. This means lower maintenance—less grass to cut and garden to manage—which can be a benefit for busy homeowners. The trade-off is limited space for large gardens, extensive outdoor recreation, or future expansions like a large deck or addition.

3. The home is newer than most on the street. What does that imply?
Being built in 1978 (vs. a neighbourhood average circa 1952) can mean updated building materials, electrical systems, and insulation standards from the outset. This often translates to better energy efficiency and fewer immediate major repairs compared to a pre-1950s home, though a thorough inspection is still essential.

4. What can the neighbourhood rankings tell me?
The data shows this home ranks highly for living area and year built within Kern Park, but around average for assessed value. This suggests you may be getting more modern space for your dollar here compared to other homes in the area, where smaller, older homes might have similar price points.

5. Where can I find exact historical sale prices?
The provided sold price ranges are estimates from public data. For precise sale history to understand market trends, you must request the exact figures directly via the email system provided on the listing page. This is a manual process to ensure data accuracy and privacy compliance.