Property Overview: 366 Royal Avenue, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, one-storey home built in 1956, situated on a standard-sized lot in the Jefferson neighbourhood. Its key features include a renovated basement and a detached garage. With just over 1,000 square feet of living space, the home offers a practical layout for everyday living.
The primary appeal of this property lies in its solid positioning within its immediate area. The data shows it is consistently "around average" for Jefferson and Royal Avenue in terms of living area, land size, and assessed value, suggesting it is a typical, well-priced home for the neighbourhood without any major drawbacks. Its year built is actually above average for the area, indicating it may be newer than many surrounding homes. The renovated basement adds modern, functional space.
This home would best suit first-time buyers, downsizers, or practical investors looking for a move-in ready property in an established neighbourhood. It’s for someone who values a straightforward, no-surprises home in a community context rather than a standout luxury feature or a massive renovation project. The detached garage also offers good utility for storage, a workshop, or vehicle protection.
Frequently Asked Questions
1. How does this home’s value compare to the wider Winnipeg market?
City-wide data indicates this home’s living area and assessed value are below the Winnipeg average. This highlights that it represents a more affordable entry point into the market compared to newer or larger suburban homes, which is typical for its neighbourhood and era.
2. What does the sold price history indicate?
The home sold previously in late 2019 for an estimated range. To understand precise market trends and appreciation, you would need to request the exact sold price history via email, as the public data provides a range.
3. Is the renovated basement a legal suite?
The listing states the basement is renovated but does not specify if it is a legal secondary suite. This is a critical point to verify with the listing agent or city records, as it impacts value, insurance, and potential rental income.
4. What are the implications of the "above average" year built for the area?
Being built in 1956 makes this home newer than many in Jefferson. This can be a positive, potentially meaning updates to core systems (like wiring or plumbing) may have occurred more recently than in older neighbouring houses, though a full inspection is still essential.
5. How does the detached garage affect the property?
A detached garage offers flexibility and can be a plus for those who want a clear separation between living space and workshop/storage areas. However, it may be less convenient during harsh Winnipeg winters compared to an attached garage, a trade-off worth considering.