Property Overview
This home at 1003 Royse Avenue in Winnipeg's Maybank neighbourhood presents a specific and practical value proposition. Its key appeal lies in being an affordable entry point into the market, particularly for a first-time buyer or an investor. At 738 sqft, the living space is compact—ranking in the bottom 7% for size on its own street—which suggests a manageable, low-maintenance footprint. The 1962 build date is notably older than many homes in Maybank, placing it in the top 17% for age in the neighbourhood, which can mean established character and mature landscaping, but also warrants a careful inspection of major systems.
The assessed value of $290,000 sits comfortably around the average for Maybank, indicating the price reflects the home’s scale and vintage. The lot size of 2,526 sqft is smaller than most in the city but is fairly typical for Royse Avenue itself. This creates a less obvious dynamic: while the house is modest in comparison to broader areas, it fits the local streetscape. This property would suit a pragmatic buyer who prioritizes location and affordability over size, and who is comfortable with a home that offers potential to personalize over time rather than immediate modern finishes.
Frequently Asked Questions
1. Is this a good investment property?
Given its below-average size and assessed value for the city, it could be a candidate for a rental property, offering a relatively lower entry cost. Its average valuation within Maybank suggests stability rather than high speculative growth.
2. What should I be concerned about with a 1962 build?
While the neighbourhood ranking suggests it's one of the older homes on the block, a professional inspection is crucial. Focus should be on the age and condition of the roof, plumbing, electrical systems, and insulation, which may need updating or have been renovated over time.
3. The living area seems small. How does the layout work?
At 738 sqft, efficient use of space is key. Buyers should pay close attention to the floor plan during a viewing to see if the layout feels functional for their needs, as storage and room proportions will be important factors.
4. How does the lot size impact the property?
The land area is smaller than the Winnipeg average but typical for the street. This means lower outdoor maintenance, but also limited space for expansions, large gardens, or additions. It’s a practical yard, not a sprawling one.
5. Why is there no public sold price history?
Sold price data is not always publicly available for all properties in Manitoba. The listing service offers to provide the exact history manually via email to ensure accuracy and privacy for past transactions, which is a common practice.