Property Summary: 24 Regal Avenue, Winnipeg

Section 1: Overview & Appeal

This 2019-built home at 24 Regal Avenue stands out for its modern construction and generous living space within the established Varennes neighborhood. Its key appeal lies in offering a contemporary, low-maintenance lifestyle without sacrificing the charm of a mature community.

The 1,620 sqft living area is a significant feature, placing it in the top 5% of homes on its street and top 4% within Varennes, offering more interior room than most nearby properties. Combined with its 2019 build year (newer than 96% of city homes), it suggests modern layouts, current building standards, and minimal immediate repair needs. The assessed value of $561k reflects this premium, ranking well above local and city averages.

This property is ideally suited for buyers seeking a move-in ready, modern home who value interior space over a large yard. The lot size is smaller than most in the area, which translates to less outdoor maintenance—a plus for professionals, small families, or downsizers wanting a newer home in a settled neighborhood without the upkeep of an older property or extensive grounds. It represents a trade-off: premium, updated living space on a more efficient parcel of land.

Section 2: Frequently Asked Questions

1. How does the smaller lot size impact the property?
While the land area is below the neighborhood average, it means less yard maintenance. The focus here is on the quality and size of the modern home itself. It’s worth considering how the lot size affects privacy, outdoor space usage, and potential expansions like decks or additions compared to neighboring properties.

2. Why is the assessed value so much higher than the street and area averages?
The assessed value reflects the home’s recent build year and its above-average living area. Essentially, you have a much newer and larger home compared to the neighborhood’s typical inventory, which consists largely of homes built in the 1950s and 1960s.

3. What does the "Elite" ranking for living area actually mean?
It means this home has more interior square footage than 95% of comparable homes on Regal Avenue and 96% in the Varennes area. You are getting a notably spacious home for this specific location.

4. Are there any potential concerns with a 2019 build in an older neighborhood?
While the modern build is a major advantage, it’s wise to inquire about the builder’s reputation, the remaining warranty coverage, and how the home’s style and scale fit with the surrounding houses. Ensuring drainage and landscaping are fully settled post-construction is also prudent.

5. What is the likely buyer competition for this home?
Given its profile, it will likely attract strong interest from buyers wanting a turn-key, contemporary home without building from scratch. It may face less direct competition from buyers specifically seeking large, traditional lots or fixer-uppers, but more from those prioritizing modern comforts and space in a prime location.