Property Overview: 1026 Royse Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Royse Avenue in Maybank presents a specific value proposition centered on its generous lot and established neighborhood. Its key characteristic is a land area of over 5,000 sqft, which is notably larger than most lots on its street and in the immediate area. This offers rare potential for outdoor space, gardening, or future expansion in a city setting. The house itself is compact at 882 sqft and is one of the older homes in the area, built in 1940. Its assessed value is modest, positioning it as an accessible entry point into the market.
The appeal lies in the balance between a smaller, manageable dwelling and a disproportionately large lot—a combination that is increasingly uncommon. It suits practical, value-conscious buyers such as first-time homeowners comfortable with a home that may require updates, or investors looking for a property with land value. It would also appeal to those seeking a lower-maintenance interior footprint without sacrificing outdoor private space, offering a blank canvas to gradually renovate or expand over time.
Section 2: Frequently Asked Questions
1. How does the home's size compare to others?
At 882 sqft, the living area is below the average for Maybank, the street, and Winnipeg overall. This indicates a cozy, efficient layout rather than a spacious one.
2. What does the assessed value tell us?
The assessed value of $31,800 is around the average for Maybank and citywide, but is below the average for Royse Avenue itself. This can sometimes suggest a more affordable tax base relative to the neighborhood.
3. Is the large lot a significant advantage?
Yes. The lot of 5,051 sqft ranks in the top 16% on Royse Avenue, meaning it's substantially larger than most neighbors' plots. This is the property's standout feature for privacy, outdoor use, or future development potential.
4. What should I consider about the age of the home?
Built in 1940, it is among the oldest in the area. Buyers should budget for potential updates to systems like wiring, plumbing, or insulation that are typical for homes of this era, while also appreciating the character and established lot maturity that come with it.
5. What is known about recent sale prices?
The property sold between $300,000 and $350,000 in 2021. For the exact sale price, you can request the information directly via email from the listing service.