Property Overview: 1040 Royse Avenue, Winnipeg
Key Characteristics & Appeal
This home at 1040 Royse Avenue in Maybank is a notably modern property, built in 2022. Its primary appeal lies in its new construction, which places it in the top 2% of homes in the neighbourhood for age and eliminates concerns about major near-term repairs or outdated systems. With 905 square feet of living space, it is a comfortably sized, low-maintenance home ideal for first-time buyers, downsizers, or investors seeking a modern rental property.
The data reveals a thoughtful perspective: while the lot size is smaller than most in Winnipeg, it is quite typical for Royse Avenue itself. This suggests the home fits the street's character and offers a manageable yard. Its assessed value is above average for Maybank, reflecting its new condition, yet it remains around average city-wide, indicating a fair market position. The home last sold in the $400k-$450k range in 2022. This property suits buyers prioritizing move-in readiness, modern efficiency, and a established community feel over a large lot or expansive square footage.
Frequently Asked Questions
1. What are the real advantages of a home built in 2022?
Beyond just being "new," a 2022 build means contemporary building codes, modern energy efficiency (leading to lower utility costs), and warranties that may still be in effect for major components, offering significant peace of mind.
2. The lot is noted as smaller than the city average. Is that a drawback?
It depends on your lifestyle. A smaller lot means less yard work and lower exterior maintenance costs, which can be a major benefit for busy professionals or those looking to downsize. The lot size is consistent with others on Royse Avenue, so it doesn't stand out negatively in the immediate streetscape.
3. How does the assessed value compare to the likely selling price?
The assessed value for municipal taxes ($39,200) is not a direct indicator of market value. The previous sale price range ($400k-$450k in 2022) is a more relevant benchmark, though current market conditions will determine the final price.
4. Who would this property not be ideal for?
It may not suit buyers looking for a large, traditional yard for gardening or recreation, or those needing extensive space for a growing family. The living area is below the neighbourhood average.
5. How can I get the exact historical sold price?
The provider offers a manual service to share the precise sold price. You can submit your email via the "Get exact sold price history" button on the listing page. They commit to replying by the end of the same day and state they will not use your email for unsolicited marketing.