Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Regent Avenue E): Below Average. Ranked #173 out of 242 (Bottom 29%). The street average for comparable homes is 974 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #391 out of 557 (Bottom 30%). The neighborhood average for comparable homes is 973 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #176,265 out of 194,457 (Bottom 9%). The citywide average for comparable homes is 1,342 sqft.
Street Level (Regent Avenue E): Below Average. Ranked #125 out of 242 (Bottom 48%). The street average for comparable homes is 289.2k.
Neighborhood Level (Melrose): Around Average. Ranked #274 out of 557 (Top 49%). The neighborhood average for comparable homes is 289.1k.
Citywide Level (Winnipeg): Below Average. Ranked #157,626 out of 194,455 (Bottom 19%). The citywide average for comparable homes is 435.4k.
Street Level (Regent Avenue E): Above Average. Ranked #43 out of 242 (Top 18%). The street average for comparable homes is 1952.
Neighborhood Level (Melrose): Above Average. Ranked #90 out of 557 (Top 16%). The neighborhood average for comparable homes is 1947.
Citywide Level (Winnipeg): Below Average. Ranked #108,715 out of 194,457 (Bottom 44%). The citywide average for comparable homes is 1966.
Street Level (Regent Avenue E): Below Average. Ranked #149 out of 242 (Bottom 38%). The street average for comparable homes is 4,118 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #314 out of 557 (Bottom 44%). The neighborhood average for comparable homes is 4,166 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #147,379 out of 194,457 (Bottom 24%). 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
508 Regent Avenue E — 4 amenities found within 500 m, across 3 categories, including 1 education (nearest 418 m), 2 parks (nearest 124 m).
Crime & safety
Waste collection schedule
We are licensed Manitoba real estate agents. Contact us to obtain all MLS whole sold records for 508 Regent Avenue E. No advertising. Data source details →
Related homes
Nearby interested homes
Address · Year Built · Living Area
Nearby properties
Address · Distance
Similar assessed value
Address · Tax-Assessed Value
Is this home right for you?
Property Overview: 508 Regent Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 508 Regent Avenue E in the Melrose neighbourhood presents a practical and affordable entry point into Winnipeg’s housing market. Built in 1962, it is notably newer than many of its immediate neighbours, which may suggest updated infrastructure or a longer lifespan before major repairs. The 804 sqft living area is compact, making it a manageable space for maintenance and utilities, while the lot size of 3,906 sqft is typical for the area.
The primary appeal lies in its financial accessibility. With an assessed value firmly in line with the local Melrose area average, it represents a lower-barrier option in a city where average home values are significantly higher. This isn’t a sprawling property, but rather a grounded choice that prioritizes function and location over size.
This property would best suit first-time buyers, downsizers, or pragmatic investors seeking a straightforward, no-frills asset. It’s for someone who views a home as a practical necessity rather than a status symbol, and who values being in a mature neighbourhood where their investment is aligned with local norms, not city-wide averages. A thoughtful perspective is that its "below average" size city-wide is actually a potential long-term advantage, as smaller, efficient homes may align with future sustainability trends and shifting demographics.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (27.60k) is for municipal tax purposes. Market value—what a buyer would actually pay—is determined by current market conditions, the home’s state, and recent sale prices of comparable properties, and is typically higher.
2. How does the 804 sqft living area feel for daily life?
The home is compact. It ranks below average for size even on its own street, so it’s best suited for individuals, couples, or small families comfortable with efficient living spaces. The nearby reference property at 431 Pandora Ave E (976 sqft) offers a sense of what a slightly larger alternative in the area looks like.
3. What does it mean that the home is "newer" than others on the street?
Built in 1962, this home is roughly a decade newer than the street average (1952). This can be positive, potentially indicating newer wiring, plumbing, or roofing compared to immediate neighbours, but a specific inspection is still essential as the home is over 60 years old.
4. What are the implications of the typical lot size?
At just under 4,000 sqft, the lot is standard for Melrose but below the Winnipeg city average. This means outdoor space is limited but likely proportionate to the home’s size, offering a manageable yard without excessive upkeep.
5. Why is there no public sold price history for this listing?
Sold price data is not always publicly available in Manitoba. The listing service offers to provide the exact history manually via email to ensure accuracy and privacy for past transactions, which is a common practice for some local real estate data providers.