Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Regent Avenue E): Around Average. Ranked #109 out of 242 (Top 45%). The street average for comparable homes is 974 sqft.
Neighborhood Level (Melrose): Around Average. Ranked #234 out of 557 (Top 42%). The neighborhood average for comparable homes is 973 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #147,753 out of 194,457 (Bottom 24%). The citywide average for comparable homes is 1,342 sqft.
Street Level (Regent Avenue E): Above Average. Ranked #10 out of 242 (Top 4%). The street average for comparable homes is 289.2k.
Neighborhood Level (Melrose): Above Average. Ranked #14 out of 557 (Top 3%). The neighborhood average for comparable homes is 289.1k.
Citywide Level (Winnipeg): Around Average. Ranked #80,230 out of 194,455 (Top 41%). The citywide average for comparable homes is 435.4k.
Street Level (Regent Avenue E): Above Average. Ranked #3 out of 242 (Top 1%). The street average for comparable homes is 1952.
Neighborhood Level (Melrose): Above Average. Ranked #3 out of 557 (Top 1%). The neighborhood average for comparable homes is 1947.
Citywide Level (Winnipeg): Above Average. Ranked #4,130 out of 194,457 (Top 2%). The citywide average for comparable homes is 1966.
Street Level (Regent Avenue E): Below Average. Ranked #160 out of 242 (Bottom 34%). The street average for comparable homes is 4,118 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #364 out of 557 (Bottom 35%). The neighborhood average for comparable homes is 4,166 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #161,410 out of 194,457 (Bottom 17%). 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
504 Regent Avenue E — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 427 m), 2 parks (nearest 143 m).
Crime & safety
Waste collection schedule
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Related homes
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Similar assessed value
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Is this home right for you?
Property Overview: 504 Regent Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its modern build and premium valuation within its immediate community. Built in 2021, it is one of the newest homes in the Melrose area, offering move-in readiness and contemporary construction standards. With 980 sqft of living space, it is very typical for the neighbourhood but is notably compact compared to the Winnipeg city average.
The primary appeal lies in its strong assessed value of $400,000, which ranks in the top 4% on its street and top 2% in Melrose. This indicates it is considered a high-value property locally, likely due to its newness. The lot size of 3,305 sqft is standard for the area but smaller than typical city lots.
This property would best suit a buyer looking for a modern, low-maintenance home in a mature neighbourhood, who prioritizes newer infrastructure over expansive square footage. It’s a practical choice for a small household, a first-time buyer wanting a newer build, or an investor attracted to a property with a high assessment in a stable area. A less obvious perspective is that its elite local valuation against older comparables could mean higher property taxes, but also suggests a resilient base value for future resale within the community.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home sold for an estimated $400k–$450k when it was new in 2021. Its current assessed value is $400k, suggesting the official valuation aligns closely with its original purchase price.
2. Is the living space smaller than average?
Yes, but primarily on a city-wide scale. At 980 sqft, it is very close to the average for both Regent Avenue E and the Melrose neighbourhood. However, it is significantly smaller than the Winnipeg city average of about 1,342 sqft.
3. What are the implications of it being a 2021 build?
As a nearly new home, major components like the roof, HVAC, and appliances are likely under warranty or with significant remaining lifespan. This can mean lower immediate repair costs and modern energy efficiency, but potentially higher property taxes compared to older homes on the street.
4. The lot seems smaller than others. Is there room for expansion or outdoor space?
The lot is average for the street and neighbourhood but below the city average. It provides a standard urban yard for the area. Any potential for expansion (like an addition) would require checking specific setback and zoning bylaws with the city.
5. Why is its assessed value ranked so much higher locally than city-wide?
Its "Elite" local ranking reflects that a $400,000 assessment is very high for Melrose, where many homes are older and have lower valuations. City-wide, that value is around average, as it competes with a much broader range of property types and neighbourhoods. This highlights that it's a premium property within its own established community context.