Property Overview: 359 Royal Avenue, Winnipeg
Key Characteristics & Appeal
This bi-level home at 359 Royal Avenue in the Jefferson neighbourhood presents a compelling mix of modern convenience and practical urban living. Its primary appeal lies in its exceptional newness, built in 2018, making it one of the newest homes in its immediate area and far newer than the typical Winnipeg house. This suggests updated building systems, modern finishes, and minimal immediate repair concerns.
The home offers a renovated basement and a functional 955 sqft living space, which is competitively sized for the local Jefferson area. A standout feature is its above-average assessed value for the street and neighbourhood, indicating it is viewed as a higher-quality asset relative to its nearby peers. However, the land size is notably compact at 2,396 sqft, which means minimal exterior maintenance but also limited private outdoor space.
This property would suit first-time buyers or downsizers seeking a low-maintenance, modern home without a premium for a large yard. It’s also a practical choice for investors or pragmatic buyers who prioritize the condition and systems of a house over lot size, and who value being in a neighbourhood where their newer home stands out positively in assessments.
Frequently Asked Questions
1. What are the main advantages of this home?
The most significant advantage is its age. Built in 2018, it offers modern construction standards, energy efficiency, and likely newer major components (like roof, furnace, windows), providing peace of mind and potentially lower upkeep costs compared to the area's older housing stock.
2. What are the trade-offs?
The primary trade-off is the small lot size. At under 2,400 sqft, outdoor private space is limited. This means less room for gardening, play structures, or expansive entertaining decks, which is typical for many older neighbourhood lots.
3. Why is the assessed value higher than many neighbours?
Assessment is based on factors like age, condition, size, and improvements. As a much newer build with a renovated basement, it logically commands a higher assessed value than the many older, potentially original-condition homes on the street, reflecting its relative market position.
4. Is the living space sufficient for a family?
At 955 sqft across two levels (including the renovated basement), it offers functional space for a small family, a couple, or an individual. The bi-level layout provides good separation of living and sleeping areas, but those needing multiple large bedrooms or dedicated recreational rooms may find it compact.
5. What is the context of the last sold price shown?
The data indicates a sale in May 2019 for an estimated range. This is a pre-construction or nearly new sale price from when the home was just a year old. The current assessed value and any future listing price would reflect the home's value after several years of ownership and market changes.