Property Overview: 73 Regal Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This 2016-built home at 73 Regal Avenue presents a compelling mix of modern convenience and established neighborhood character. With 1,100 sqft of living space, it is thoughtfully sized—larger than most homes on its street and in the Varennes area, yet more efficient and manageable than the citywide average. This balance is its primary appeal: it offers ample room without the upkeep of a much larger property.

The home’s assessed value of $445k sits significantly above local averages, indicating a premium position within its immediate community. This suggests recent updates, a desirable location on the street, or construction quality that is recognized above the norm. The 2016 build date is a major advantage, placing it among the newest homes in Winnipeg and implying modern building standards, energy efficiency, and minimal immediate repair needs.

The lot size, at 3,386 sqft, is notably smaller than typical for the area. This will appeal to buyers seeking lower-maintenance outdoor space but may be a consideration for those envisioning extensive gardens, additions, or needing significant private yard space.

Ideal Buyer Profile: This property is an excellent fit for professionals, small families, or downsizers who prioritize a modern, low-maintenance home in a mature neighborhood. It suits those who value interior space and contemporary features over a large garden, and who appreciate a home that stands out in terms of value and condition within its local context.

Section 2: Frequently Asked Questions

1. Is the higher assessed value a concern for property taxes?
While a higher assessed value can influence taxes, it primarily reflects this property’s premium standing relative to older neighbors. Taxes are based on the municipal mill rate; this home likely offers more modern amenities and condition than area averages, which is factored into the assessment.

2. What are the pros and cons of the smaller lot?
The smaller lot means less yard work and lower exterior maintenance costs, a plus for busy buyers. The trade-off is less space for privacy, large-scale landscaping, or future expansions like a sizable deck or addition. It’s a efficient use of space.

3. How does the 2016 build date impact living here?
A 2016 build offers major advantages: modern insulation and windows for energy savings, updated electrical and plumbing systems, and compliance with recent building codes. You’re less likely to face the major system replacements common in older Winnipeg homes for many years.

4. The living area is above average for the street but below the city average. What does this mean practically?
This means the home feels spacious and competitive within its own neighborhood—a key for resale—while being more efficient and easier to heat and clean than many larger, older homes across Winnipeg. It’s a smart, sustainable size.

5. Does ranking "below average" for land area affect future value?
In established neighborhoods, the value is often driven more by the home's quality, size, and condition than by lot size alone. This home’s above-average rankings in value, living area, and newness suggest its overall package is strong. The lot size simply defines its character as a lower-maintenance property.