Property Overview
This home at 1021 Royse Avenue in Winnipeg's Maybank neighbourhood is a modern, above-average offering in a community of mostly older homes. Built in 2023, it stands out for its new construction, generous living space, and high assessed value relative to its immediate surroundings. Its appeal lies in offering a move-in-ready, contemporary lifestyle without the wait and uncertainties of a new build, situated in an established area. The property would suit buyers looking for modern finishes and systems in a mature neighbourhood, as well as those who value a home that ranks highly in metrics like assessed value and year built compared to local peers. A thoughtful perspective is that while the lot size is smaller than area averages, this often translates to lower maintenance, which can be a significant draw for busy professionals or those seeking a lock-and-leave lifestyle within a house.
Key Characteristics & Ideal Buyer
- Key Characteristics: This is a 1,451 sqft home built in 2023, featuring an assessed value of $550,000. It sits on a 2,525 sqft lot. The data shows it ranks in the top tiers for its newness, living area, and value both within Maybank and city-wide, though its lot size is more modest compared to neighbourhood averages.
- Primary Appeal: The core appeal is the combination of a like-new home with the established setting of Maybank. Buyers get modern construction, energy efficiency, and contemporary layouts without being in a brand-new subdivision. Its strong assessed value rankings suggest it is perceived as a premium property in the area.
- Ideal Buyer Profile: This home is well-suited for buyers who want a modern, low-maintenance property without sacrificing an established neighbourhood feel. It would appeal to young families, professionals, or downsizers seeking a spacious, newer home without the yard work of a larger lot. It is less suited for those prioritizing extensive outdoor space or seeking a vintage character home.
Frequently Asked Questions
1. How does the lot size compare to neighbours?
The lot of 2,525 sqft is smaller than the average for both Maybank and Winnipeg overall. This means less yard maintenance but also less private outdoor space than many surrounding properties.
2. Why is the assessed value so high compared to nearby homes?
The assessed value of $550k ranks in the top 2% for Maybank, primarily due to the home's new construction (2023) and larger living area. It reflects a premium for a modern asset in a neighbourhood where most homes are decades older.
3. What does the sold price history indicate?
The home sold in 2023 for an estimated $500k–$550k. This recent sale, close to its current assessed value, provides a solid, transparent benchmark for its market price.
4. Is this a good investment for the area?
The data indicates it is a standout property in its micro-market (Royse Avenue and Maybank) in terms of newness, size, and value. This can be positive for value retention, though its premium position means future appreciation may be more closely tied to broader market trends than outperforming older homes on the street.
5. Who should request the exact sold price history?
The exact sold price is available by email request. This is particularly useful for serious buyers or their agents who require precise figures for detailed financial analysis or offer preparation, going beyond the provided estimated range.