Property score
How it stacks up
Detailed ranking analysis ▼
Street Level (Regent Avenue E): Below Average. Ranked #216 out of 242 (Bottom 11%). The street average for comparable homes is 974 sqft.
Neighborhood Level (Melrose): Below Average. Ranked #495 out of 557 (Bottom 11%). The neighborhood average for comparable homes is 973 sqft.
Citywide Level (Winnipeg): Below Average. Ranked #186,353 out of 194,457 (Bottom 4%). The citywide average for comparable homes is 1,342 sqft.
Street Level (Regent Avenue E): Below Average. Ranked #234 out of 242 (Bottom 3%). The street average for comparable homes is 289.2k.
Neighborhood Level (Melrose): Below Average. Ranked #546 out of 557 (Bottom 2%). The neighborhood average for comparable homes is 289.1k.
Citywide Level (Winnipeg): Below Average. Ranked #187,641 out of 194,455 (Bottom 4%). The citywide average for comparable homes is 435.4k.
Street Level (Regent Avenue E): Below Average. Ranked #212 out of 242 (Bottom 12%). The street average for comparable homes is 1952.
Neighborhood Level (Melrose): Below Average. Ranked #405 out of 557 (Bottom 27%). The neighborhood average for comparable homes is 1947.
Citywide Level (Winnipeg): Below Average. Ranked #169,712 out of 194,457 (Bottom 13%). 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
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- Neighbourhood insights
- Recent sold count in the area
Who lives in this neighbourhood
Transit, amenities & safety
Nearby Amenities
540 Regent Avenue E — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 382 m), 1 parks (nearest 77 m).
Crime & safety
Waste collection schedule
We are licensed Manitoba real estate agents. Contact us to obtain all MLS whole sold records for 540 Regent Avenue E. No advertising. Data source details →
Related homes
Nearby interested homes
Address · Year Built · Living Area
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Similar assessed value
Address · Tax-Assessed Value
Is this home right for you?
Property Overview: 540 Regent Avenue E, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, century-old home (built 1920) on a standard-sized lot in the Melrose neighbourhood. Its key characteristic is its modest scale: at 708 sqft, the living area is notably smaller than most homes on its street, in the area, and across Winnipeg. This is reflected in its very low municipal assessed value of $16,300, which is among the lowest in its comparison groups.
The appeal lies in its position as an entry-point property. It represents one of the most accessible homeownership opportunities in the city, ideal for a first-time buyer with a limited budget, an investor looking for a straightforward rental property, or someone seeking a minimal footprint. The lot size (3,305 sqft) is fairly typical for the local area, offering outdoor space that the home itself does not provide indoors. A less obvious perspective is that a home of this age and value may present a unique "blank slate" opportunity. For a buyer with renovation skills or a vision to rebuild, the combination of a historic lot and a very low property tax base could be a strategic long-term investment.
It last sold between $100k-$150k in 2023, suggesting the market price significantly exceeds its assessed value, a common scenario for well-located, older homes.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the likely selling price?
Municipal assessments in Manitoba are primarily for tax purposes and often don't reflect current market value, especially for older homes. The sale price is driven by location, land value, and market demand.
2. What does the "Top 89%" ranking for living area mean?
It means this home's living area is smaller than about 89% of comparable properties on its street. In simpler terms, it's in the bottom 11% for size locally, confirming it's a notably compact dwelling.
3. Is a 708 sqft house practical for living?
It can be for a single person, a couple, or someone comfortable with a minimalist lifestyle. It likely requires efficient use of space and may not suit those needing a home office, multiple bedrooms, or significant storage.
4. What are the implications of the home being built in 1920?
While offering classic charm, it may require more maintenance or updates to systems like wiring, plumbing, or insulation. A thorough inspection is essential to understand the condition and potential renovation costs.
5. The sold price history shows a range. How can I find the exact price?
The exact sale price is not publicly available in Manitoba. The listing service offers to provide it manually via email upon request, as noted at the bottom of the details page.