Property Overview

This home at 85 Regal Avenue stands out primarily for its generous living space within a well-established neighbourhood. Built in 1987, it is a notably modern property compared to many in the Varennes community and on its street, where the average home is decades older. With 1,756 sqft of living area, it offers significantly more interior space than most local comparables, ranking in the top 4% within the community. The lot size is consistent with the local average, providing ample outdoor space without the maintenance demands of a much larger yard.

Its appeal lies in offering a spacious, relatively contemporary home in a mature setting. The property tax assessment is above average for the immediate area, which often reflects the home's modern build and larger size, yet remains close to the citywide average, suggesting a balanced valuation. This isn't the newest or largest estate in the city, but it represents a smart, substantial choice within its specific locale—a home that feels roomy and updated compared to its direct neighbours.

This property would suit buyers looking for move-in-ready space without venturing into brand-new subdivisions. It's ideal for a growing family seeking more square footage than typically found in older Varennes homes, or for anyone who values modern construction (like updated electrical or plumbing systems inherent to a 1987 build) within a settled, tree-lined neighbourhood. It appeals to those who prioritize interior living space over possessing the largest lot on the block.

Frequently Asked Questions

1. How does the 1987 build year benefit me compared to older homes?
A 1987 construction typically means more modern building standards, wiring, plumbing, and insulation compared to the neighbourhood's average home built in the 1950s. This can translate to better energy efficiency, fewer concerns with outdated materials, and potentially lower immediate renovation costs.

2. The living space ranks very high locally, but the lot size is average. What does this mean?
This indicates the home's footprint is well-utilized, offering a spacious interior without requiring an excessively large, high-maintenance yard. It's a efficient use of space that prioritizes living area over land, which is appealing if you value indoor gathering space more than extensive gardening or outdoor projects.

3. Why is the tax assessment above the street and community average?
Municipal assessments consider factors like building size, age, and quality. This home's significantly larger living area and newer construction date compared to local averages are key drivers, as they contribute to a higher property value in the assessment model.

4. What does the "close to average" citywide ranking for tax assessment suggest?
While the home is a standout on its own street, its assessment is aligned with the broader Winnipeg market. This can be seen as a positive, indicating the value is not inflated relative to the entire city and may not be subject to disproportionately high taxes for its class.

5. The rankings show "superior" for space but "above average" for build year. Is the home outdated?
Not at all. "Above average" here is excellent—it means it's newer than most homes in the comparison group. In a neighbourhood where many homes are 60+ years old, a 1987 build is a relative advantage. The rankings reflect its standing as a modern property in a classic area, not an absolute measure against new builds.