Property Overview & Key Characteristics
This home at 1010 Royse Avenue in Winnipeg's Maybank neighbourhood presents a compelling mix of modern convenience and relative value. Built in 2018, it is a notably newer construction compared to most homes in its area and across the city, ranking in the top 5% locally for its year built. This translates to less immediate concern for major system replacements and likely benefits from contemporary building standards.
With 926 square feet of living space, the home is moderately sized, sitting around the average for its immediate street but slightly below the averages for the wider Maybank area and city. The lot size of 2,526 sqft is compact, especially when viewed city-wide, suggesting a lower-maintenance yard. A key point of appeal is its assessed value of $37,500, which is above average for Maybank, indicating strong value retention within the neighbourhood compared to its peers.
The property’s primary appeal lies in its "newer build in an established area" proposition. It suits first-time buyers or downsizers seeking a modern, low-maintenance home without the premium of a brand-new subdivision. It also appeals to value-oriented buyers who recognize that its above-average assessment for the area could signal a stable investment in a neighbourhood of older homes. The compact lot is a trade-off, offering easier upkeep but less private outdoor space.
Frequently Asked Questions
1. How does the sold price history inform the current value?
The home sold in the $350k-$400k range in 2022 and the $300k-$350k range in 2020. This history provides a benchmark, but current market conditions, updates, and precise sale terms will determine today’s value.
2. What does the "above average" assessed value in Maybank actually mean?
While the assessed value is around average city-wide, it ranks in the top 28% within Maybank. This suggests the property is viewed favourably relative to many older homes in the immediate neighbourhood, which often influences property taxes and perceived worth.
3. As a newer home on a smaller lot, what should I consider?
The 2018 build offers modern efficiency and fewer near-term repairs. The smaller lot means lower yard maintenance but also limits expansion potential and private outdoor space. It’s a practical choice for those prioritizing the home itself over land.
4. How does this home compare to others on Royse Avenue?
It’s quite average for the street in terms of living area, assessed value, and lot size. Its standout feature is its age—it is significantly newer than the typical home on the block, which averages a 1989 build year.
5. Where can I see more detailed context about the neighbourhood?
For a visual analysis comparing this property to nearby homes on factors like year built, lot size, and value, you can open the dedicated neighbourhood map analysis page linked in the full details.