Property Overview: 435 Regent Avenue W, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a balanced, grounded opportunity in Victoria West. Its primary appeal lies in its proportion: a manageable 962 sqft house on a notably generous 5,498 sqft lot, which ranks in the top 9% for land size within both its immediate street and neighborhood. This creates valuable outdoor space and potential not always found with homes of this era.

While the living area is typical for the local area, it sits below the Winnipeg city average, indicating a more compact, efficient layout. The 1955 build date is consistent with the area's character. The assessed value of $296k is moderately above the local averages but remains significantly below the citywide benchmark, suggesting a relative value proposition within a well-established community.

This property would suit a first-time buyer or downsizer seeking a lower-maintenance home without sacrificing yard space. It’s for someone who values a established neighborhood setting over a large interior, and who may see potential in the sizable lot for gardening, expansion, or simply enjoying more private outdoor room than most of the neighbors.

Section 2: Frequently Asked Questions

1. Is the house smaller than average?
Compared to the entire city of Winnipeg, yes, the living area is below average. However, within the Victoria West neighborhood and on Regent Avenue W itself, it is very much typical, aligning with the local scale of homes.

2. Why is the assessed value higher than the street and neighborhood averages?
The assessed value reflects the specific attributes of this property. Its lot size is significantly larger than local averages (top 9%), which is a major factor in valuation, likely offsetting the more standard living area and year built.

3. What does the "top 9%" lot size ranking mean practically?
It means you have approximately 1,300 more square feet of land than the typical lot on this street. This translates to more privacy, room for landscaping, a larger driveway or garage, and future flexibility that is scarce in this specific location.

4. Is a 1955-built home a concern?
The build date is average for the area. It means the core systems (roof, wiring, plumbing) are likely not original but may be entering phases where updates are considered. A thorough inspection is always advised to understand the condition of these components.

5. How does this property represent value?
The value is in the land-to-building ratio. You are acquiring a larger-than-standard parcel in a central neighborhood for a price point that remains below the city's typical home value. It’s a play on the long-term value of land in an established area, with a liveable house included.