Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Regent Avenue E): Below Average. Ranked #237 out of 242 (Bottom 2%). The street average for comparable homes is 974 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #544 out of 557 (Bottom 2%). The neighborhood average for comparable homes is 973 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #192,752 out of 194,457 (Bottom 1%). The citywide average for comparable homes is 1,342 sqft.
Street Level (Regent Avenue E): Below Average. Ranked #131 out of 242 (Bottom 46%). The street average for comparable homes is 289.2k.
Neighborhood Level (Melrose): Around Average. Ranked #280 out of 557 (Top 50%). The neighborhood average for comparable homes is 289.1k.
Citywide Level (Winnipeg): Below Average. Ranked #158,426 out of 194,455 (Bottom 19%). The citywide average for comparable homes is 435.4k.
Street Level (Regent Avenue E): Below Average. Ranked #150 out of 242 (Bottom 38%). The street average for comparable homes is 1952.
Neighborhood Level (Melrose): Below Average. Ranked #303 out of 557 (Bottom 46%). The neighborhood average for comparable homes is 1947.
Citywide Level (Winnipeg): Below Average. Ranked #147,195 out of 194,457 (Bottom 24%). The citywide average for comparable homes is 1966.
Street Level (Regent Avenue E): Below Average. Ranked #141 out of 242 (Bottom 42%). The street average for comparable homes is 4,118 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #298 out of 557 (Bottom 46%). The neighborhood average for comparable homes is 4,166 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #144,065 out of 194,457 (Bottom 26%). The citywide average for comparable homes is 6,570 sqft.
Melrose market pulse
How to read: Share of sales in each ~$50k price band for “melrose” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
- Exact sold prices
- Detailed market analysis
- PDF report download
- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
202 Regent Avenue E — 14 amenities found within 500 m, across 5 categories, including 6 dining (nearest 181 m), 2 education (nearest 351 m), 3 parks (nearest 326 m).
Crime & safety
Waste collection schedule
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Is this home right for you?
Property Overview
202 Regent Avenue E is a compact, post-war home in Winnipeg's Melrose neighbourhood. Built in 1947, it sits on a standard-sized lot of just over 4,000 sqft. The home's defining characteristic is its modest 600 sqft living area, which is notably smaller than most homes on its street, in the area, and across the city. Its assessed value is very low compared to the Winnipeg average, but is typical for its immediate vicinity.
The appeal here is fundamentally about value and potential. The low assessment and recent sale price point make it one of the most accessible entry points into homeownership in the city. It suits a specific buyer: a first-time purchaser, an investor, or a downsizer seeking minimal property tax and utility costs who is comfortable with a cozy footprint or sees value in a future expansion (subject to permits). Its average rankings for lot size and age on the street suggest it fits the neighbourhood's fabric, offering a chance to live in an established area without a premium price tag.
A less obvious perspective is that this property represents a "blank slate" within a context of stability. While the home itself is small, the lot is consistent with the area, providing outdoor space that many newer, denser developments lack. For the right buyer, this balance of ultra-affordable structure and usable land is the core opportunity.
Frequently Asked Questions
1. Why is the living area so much smaller than the average home?
This is a compact, post-war home typical of its era. At 600 sqft, it is significantly smaller than both neighbouring homes and the city-wide average, which is a primary reason for its lower assessed value and price point.
2. How can the assessed value be so low compared to the city average?
The assessed value of approximately $26,100 is in line with the average for Melrose and Regent Avenue E. It appears very low city-wide because assessments are based heavily on home size, age, and type, and this small home contrasts with the average larger, sometimes newer Winnipeg property.
3. Who would this property be best suited for?
It is ideally suited for a budget-conscious first-time homebuyer, an investor looking for a rental property with low carrying costs, or someone downsizing who prioritizes low ongoing expenses over space.
4. What does the sold price history indicate?
The home sold between $150,000 and $200,000 in 2024. This recent sale in a known price range provides a solid, current benchmark for its market value, confirming its position as an affordable option.
5. Is there potential to expand or renovate the home?
The lot size is standard for the area. While any expansion would require proper permits and zoning approval, the existing lot does not present an unusual constraint compared to neighbouring properties, making a future renovation or addition a feasible consideration for a buyer.