Property Summary: 38 Royalgate Road, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, single-storey home built in 1974 on a generous, mature lot of over 5,600 sqft in the Vialoux neighbourhood. Its key appeal lies in its balance of space, established setting, and relative value. The home features 1,262 sqft of living space, including a finished basement, providing practical single-level living with room to grow. While it lacks a garage, the large lot presents a clear opportunity for addition or creative outdoor use.
Its standout characteristic is its age relative to the immediate area: it is newer than 97% of homes on its street, suggesting it may have been a later infill or that the street consists of older character homes, making this a potentially more modern offering in an established setting. The property suits first-time buyers or downsizers seeking a manageable, no-stairs layout on a sizable lot, as well as value-oriented buyers who see potential in the land itself or in personalizing a solid, blank-canvas home.
Frequently Asked Questions
1. What does the ranking data actually mean for this property?
The rankings show this home is a standout in its immediate area for its newer build year, while its living space and assessed value are more in line with or slightly below area averages. This suggests you are getting a relatively modern structure on a good-sized lot, but not necessarily the largest house on the block.
2. Is the lack of a garage a major drawback?
It depends on buyer needs. The large lot does offer space to potentially add a garage or carport, subject to permits. For some, the trade-off of a bigger yard for the price may be acceptable, especially if off-street parking is still available.
3. What is the significance of the finished basement?
It adds functional living space beyond the 1,262 sqft main floor, which is crucial for a single-storey home. This could be used for recreation, storage, or additional bedrooms, effectively increasing the home's usable square footage.
4. The assessed value is higher than the price ranking. What does that indicate?
The assessment ($414K) ranks higher city-wide than the current list price does against comparable listings. This doesn't guarantee value but may indicate the assessed municipal value sees solid worth here, and the pricing could be positioned competitively against the market.
5. What should I consider about a 1974-built home?
While newer than its neighbours, a 50-year-old home will still have age-appropriate considerations. Key systems like roof, windows, plumbing, and electrical may be original or have been updated at various stages; their condition and modernization history will be important to investigate.