Property Overview
This 1,152 sqft bungalow at 1017 Royse Avenue in Winnipeg's Maybank neighbourhood presents a practical opportunity. Built in 1951, its key appeal lies in its proportionally large, 5,051 sqft lot—a standout feature that offers more outdoor space than most homes on its street and in the immediate area. While the living area is average for the locale, the generous lot provides valuable flexibility for gardening, expansion, or simply more private outdoor living. The home last sold in the $300k-$350k range in 2024, with an assessed value of $36,600.
Its character is one of solid fundamentals rather than modern finishes. It would suit a first-time buyer or practical homeowner who values land size over a recently built home, and who sees potential in a property where the lot itself is a primary asset. It’s also a sensible option for those comfortable with a home that may require updates, trading newer construction costs for a better land-to-building ratio.
Frequently Asked Questions
1. How does the lot size compare to others?
The lot is a significant feature. At over 5,000 sqft, it is notably larger than the average lot on Royse Avenue (approx. 3,916 sqft) and is in the top 16% for size on its own street.
2. Is the home older than others in the area?
Yes. Built in 1951, it is older than most comparable homes in Maybank and on its street. This suggests buyers should budget for potential maintenance or updates common to homes of this era.
3. What is the neighbourhood like?
It's in the Maybank area of Winnipeg. The listing suggests viewing a nearby property on Clarence Avenue for further neighbourhood context, indicating a community with a mix of older and newer homes.
4. How current is the price information?
The sold price range of $300k-$350k is from 2024, based on available public data. The site offers to provide the exact historical sold price via email upon request.
5. Where does this property rank in terms of value?
Its assessed value is around average for the city and for the Maybank neighbourhood. On its own street, it ranks in the lower half (top 64%), meaning there are homes with higher assessed values on Royse Avenue.