Property Overview: 1046 Royse Avenue, Winnipeg
Key Characteristics & Appeal
This home at 1046 Royse Avenue in Maybank is a notably modern property, built in 2024, which immediately sets it apart. Its key appeal lies in offering a move-in-ready, contemporary living space without the typical wait or uncertainties of a new build. With 1,413 sqft of living area, it provides above-average space for its immediate street and neighbourhood, ranking in the top 29% on Royse Avenue and the top 7% in Maybank.
The data reveals a compelling contrast: while the lot size is more modest compared to area averages, the home itself is a standout in terms of newness, size, and assessed value. Its assessed value of $54.60k ranks in the elite top 2% for Maybank, suggesting official recognition of its superior construction and finish relative to older homes in the area. This property would perfectly suit a buyer prioritizing modern efficiency, low maintenance, and modern building standards over a large yard. It’s an ideal fit for professionals, small families, or downsizers seeking a newer home in an established neighbourhood without undertaking renovations.
Frequently Asked Questions
1. How does the lot size impact the property?
The land area is 2,525 sqft, which is smaller than many lots in Winnipeg. This means lower exterior maintenance and potentially lower property taxes tied to land value, but it also means more limited private outdoor space compared to older homes in the area.
2. Why is the assessed value ($54.60k) so different from the sold price range ($550k-$600k)?
The assessed value is for municipal tax purposes and is not a market valuation. It is calculated using a provincial formula and is typically a fraction of a home's market value. The sold price reflects what a buyer was willing to pay in the open market.
3. What does its "elite" ranking for Year Built mean practically?
Being built in 2024 places it in the top 1-2% of homes city-wide for newness. Practically, this likely means modern building codes, energy efficiency, contemporary layouts, and warranties that may still be in effect, with little to no immediate need for major updates.
4. The sold price seems high for the area. Is it overvalued?
The 2024 sale price reflects a premium for a brand-new home. Its rankings show it is significantly larger and newer than most comparable homes in Maybank. The price paid was likely for the certainty and cost savings of a new build without the construction timeline, not just the location.
5. How can I find out the exact sold price?
The exact sold price is not public record in Manitoba. As noted on the detail page, you can request it directly via email from the site; they provide this verified data manually as a service and do not use the contact for unsolicited marketing.