Property Overview: 74 Regal Avenue, Winnipeg

Key Characteristics & Appeal

This 2024-built home at 74 Regal Avenue presents a compelling mix of modern convenience and established neighbourhood character. Its primary appeal lies in its exceptional newness, ranking in the top 1% citywide for year built, meaning it offers contemporary construction standards, energy efficiency, and minimal immediate maintenance. With a living area of 1,606 sq ft, it provides above-average space for its immediate street and elite-level space within the Varennes neighbourhood, ranking in the top 5%. This creates a rare offering: a genuinely new home in a mature area, avoiding the typical trade-off of moving to a distant new subdivision.

The home’s assessed value of $568k is notably higher than area averages, reflecting its premium condition and modern build. This positions it not just as a residence, but as a long-term investment in one of the area's most updated properties. The lot size, at 3,390 sq ft, is more compact than area norms, which translates to less yard upkeep—a potential benefit for buyers seeking a low-maintenance lifestyle without sacrificing indoor space.

This property is ideally suited for buyers who prioritize move-in-ready, modern homes but want the rooted feel of an established community like Varennes. It fits professionals or small families looking to avoid renovation projects and who value efficient, contemporary design over a large garden. The data suggests it’s a standout property on its street and in its neighbourhood, perfect for a buyer seeking a home that is both physically new and statistically superior in its local context.

Frequently Asked Questions

1. How does the lot size impact the property?
The lot is more compact than most in the city and neighbourhood. This means lower maintenance for landscaping and yard work, but less private outdoor space. The value here is clearly focused on the interior and the newness of the structure itself.

2. The assessed value seems high compared to the street average. Why?
The assessed value reflects the property's condition and modern construction (2024). While homes on the street average $334.6k, they also average being built in 1959. This premium valuation is directly tied to the cost and desirability of a new build, with updated systems, materials, and efficiency.

3. What does the "elite" ranking for year built actually mean?
It means this home is newer than 99% of comparable properties across Winnipeg. In practical terms, you benefit from modern building codes, likely better insulation and windows, new appliances, and warranties that older homes simply cannot match.

4. Is the living space efficiently designed?
The data suggests so. While the home's footprint is on a smaller lot, the living area is larger than most in the area. This indicates a multi-storey or well-utilized design that maximizes the usable space on the available land, a hallmark of newer construction.

5. Who might this property not suit?
It may not suit buyers seeking a large garden, extensive outdoor space, or those who prefer the character and renovation potential of an older home. The value is in its newness and modern finish, so buyers looking for a "fixer-upper" or a property with vast land would find better options elsewhere.