Property Overview: 71 Braswell Bay, Royalwood, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated Royalwood home, built in 2002, presents a compelling value proposition within a desirable neighborhood. Its key appeal lies in its balance: it offers modern construction (newer than most Winnipeg homes) on a standard city lot, with an assessed value that is notably above the citywide average yet sits below the typical benchmark for Royalwood itself. This creates an opportunity to enter a premium neighborhood at a relatively accessible point.
The home’s 1,352 sqft living area is average for its immediate street and the city, but is modest compared to the larger homes commonly found in Royalwood. This makes it ideal for buyers seeking a lower-maintenance property without sacrificing location quality. It would particularly suit first-time move-up buyers, small families, or professionals who prioritize a modern home in an established, sought-after community over maximum square footage. The historical sold price data suggests steady appreciation, indicating a stable investment in a mature area.
A less obvious perspective is that its "below-average" metrics for the neighborhood (in size and value) can be an advantage. It may offer a more manageable property tax burden compared to larger estate homes nearby, while still providing full access to Royalwood's amenities and prestige.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others in Royalwood?
The home’s assessed value of $503k is below the Royalwood neighborhood average of approximately $620k, positioning it in a more affordable tier within this premium area while still being well above the Winnipeg city average.
2. Is the living space smaller than other homes nearby?
Yes. At 1,352 sqft, the living area is comfortable by general city standards but is notably smaller than the Royalwood neighborhood average of 1,843 sqft. It is, however, very close to the average size of homes across Winnipeg.
3. What does the sold history tell us about the property’s market?
The home sold in 2017 and again in 2021, with the price increasing from the $350k-$400k range to the $450k-$500k range over those four years. This indicates a pattern of solid appreciation in line with a strong market.
4. How can I find out the exact past sold prices?
The site provides sold price ranges publicly. Due to industry regulations, exact MLS sold figures are not displayed online here. You can request the exact historical sold prices via email through the provided form for a manual lookup.
5. The lot size seems smaller than some in Royalwood. Is that a concern?
The lot is approximately 5,200 sqft, which is standard for many Winnipeg homes but below the spacious Royalwood average. This typically translates to less yard maintenance, which can be a positive for buyers seeking a manageable outdoor space.