Property Overview: 353 Regent Avenue W, Winnipeg

Section 1: Key Characteristics & Appeal

This 1943 character home in Victoria West presents a clear value proposition centered on its generous lot. At 799 sqft, the living space is compact and below area averages, suggesting a cozy, efficient layout that prioritizes function over size. The assessed value aligns closely with neighborhood norms, indicating a fairly priced entry point into the market.

The primary appeal lies in its substantial 5,401 sqft lot, which ranks in the top 12% for the Victoria West area. This offers significant outdoor space—a relative rarity—providing room for gardens, recreation, or future expansion. The home suits first-time buyers or downsizers seeking an affordable foothold in a central neighborhood without sacrificing yard space. It’s also a potential candidate for those with a vision to renovate or extend over time, where the land itself is a key asset. A thoughtful perspective is that while the home’s size is modest by citywide standards, its efficient footprint may appeal to those seeking lower utility costs and simpler maintenance, allowing resources to be directed toward the property’s outdoor potential or personalized updates.

Section 2: Frequently Asked Questions

1. Is the house too small?
At 799 sqft, it is smaller than the average Winnipeg home. It’s best suited for individuals, couples, or small families comfortable with efficient living. The layout and condition of the interior will be key factors.

2. What does the lot size actually offer?
A 5,401 sqft lot is notably larger than most in Victoria West. This provides ample private outdoor space for activities, gardening, or pets, and presents a long-term opportunity for additions like a garage, workshop, or home extension, subject to zoning.

3. How does the assessed value relate to the asking price?
The assessed value of approximately $270k is a municipal valuation for tax purposes and typically lags behind market value. It serves as a benchmark, showing the home is priced in line with the area, but the final sale price will be determined by current market conditions.

4. Are older homes like this a concern?
Built in 1943, the home will likely require diligent maintenance and updates. Prospective buyers should prioritize a thorough inspection focusing on foundational integrity, roofing, wiring, plumbing, and insulation to understand any needed investments.

5. What’s the neighborhood like?
Victoria West is a mature, established neighborhood in Winnipeg. Its ranking data shows homes with a mix of ages and sizes, suggesting a diverse streetscape. Further research into local amenities, traffic patterns, and community feel is recommended.