Property Overview: 87 Regal Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a practical and efficient living space in Winnipeg's Varennes neighborhood. Its key appeal lies in its balance of a relatively modern build (1988) against a more accessible price point. With 1,090 sqft of living area, the interior space is competitive for its immediate street and neighborhood, offering a comfortable footprint for a smaller household.

The property is best suited for first-time buyers, downsizers, or investors seeking a manageable, newer-built home without a premium lot size. Its assessed value sits below averages for both the street and city, which can indicate a lower property tax burden and a potentially attractive entry point into the market. A thoughtful perspective is that the compact, below-average land area (2,611 sqft) translates to less exterior maintenance—a significant factor for buyers seeking a home without demanding yard work. While not expansive, the lot provides functional outdoor space. This is a home for those who prioritize the condition and efficiency of the living space itself over a large yard.

Section 2: Frequently Asked Questions

1. Is the living space sufficient for a family?
The 1,090 sqft living area is above the neighborhood average and typical for many well-utilized 2-3 bedroom homes. It is generally suitable for a small family, a couple, or an individual, but those needing multiple large bedrooms or dedicated hobby spaces should assess their specific spatial needs.

2. Why is the assessed value below average on the street?
The assessed value is influenced by multiple factors. Here, the significantly smaller lot size compared to neighbors (ranked 95th out of 96 on the street) is a primary contributor, along with the home's specific features and condition. This can be an advantage for buyers, as it often correlates with lower property taxes.

3. What are the pros and cons of the 1988 build year?
A 1988 build is newer than most homes in the area, suggesting potentially updated building materials, electrical systems, and insulation compared to mid-century homes. However, it is now entering the period where original components (like roofing, windows, or major appliances) may need evaluation or planned replacement.

4. How does the small lot size affect daily living?
The lot is compact, which limits possibilities for extensive gardening, large outdoor entertainment areas, or future expansions like a major addition. The benefit is minimal yard upkeep, lower landscaping costs, and a home that focuses its square footage on the interior living space.

5. What does the "around average" city-wide living area ranking mean?
While the home's living area is above average for its neighborhood, it is slightly below the city-wide average for comparable homes (1,342 sqft). This highlights that the Varennes neighborhood generally features moderately sized homes, and this property fits that local profile well, even if it's not a large home by broader Winnipeg standards.