Property Overview
This 2003-built, one-storey home in Royalwood offers a practical and comfortable living arrangement on a generous 7,040 sqft lot. Its key appeal lies in a balance of space, location, and modern readiness. The home itself is a manageable 1,566 sqft bungalow, which ranks as newer than most in its immediate area and across Winnipeg. A significant feature is the renovated basement, adding valuable finished living space. The attached garage and large lot provide practical family utility and outdoor potential.
The property suits buyers looking for single-level living without sacrificing yard space, such as small families, downsizers, or those seeking a low-maintenance exterior with room to grow gardens or entertain. Its assessed value sits higher than many nearby comparisons, suggesting above-average finishes or desirability for the street. A thoughtful perspective is that while the living area is modest relative to some neighbours, the lot size and basement renovation effectively expand the usable space, offering value in a different form than sheer square footage.
Frequently Asked Questions
1. What does the ranking data actually mean?
The rankings compare this home against others on its street, in Royalwood, and across Winnipeg. For example, being in the top 3% for year built on its street means it's one of the newest homes in that specific row of houses, which can indicate newer infrastructure and less immediate need for major updates.
2. The assessed value seems high compared to some similar-sized homes listed. Why?
Municipal assessed value is for tax purposes and considers more than just size and year built. The notably higher assessment here likely reflects the renovated basement, the desirable lot size, and the home's overall condition relative to the market at its valuation time.
3. Is the living space sufficient for a family?
At 1,566 sqft for the main floor, it provides standard bedroom and living areas. The renovated basement effectively doubles the functional living area, making it more suitable for a family than the main floor square footage alone might suggest.
4. What are the advantages of the lot size?
At over 7,000 sqft, the lot is larger than average. This offers ample private outdoor space, potential for additions like a deck or shed, and a greater sense of privacy compared to homes on smaller lots, which is a premium in suburban neighbourhoods.
5. Who would this neighbourhood, Royalwood, appeal to?
Royalwood is a established, family-oriented neighbourhood in southeast Winnipeg. It appeals to those seeking a quiet, residential setting with good access to parks, schools, and the Perimeter Highway, balancing suburban comfort with convenient city access.