Property Overview: 1021 Royse Avenue, Maybank, Winnipeg
Key Characteristics & Appeal
This is a modern, above-average home in Winnipeg's Maybank neighbourhood, built in 2023. Its primary appeal lies in its new construction, offering move-in readiness with modern building standards and likely lower immediate maintenance. At 1,451 sqft, the living space is notably larger than most homes on its street and in Maybank, providing generous room for its age.
The home’s assessed value of $550k places it in the elite tier for the Maybank area, indicating it is a premium property within its local context. A thoughtful perspective is that this represents a trade-off: while you acquire a modern, spacious home, the lot size is more compact than the neighbourhood and city averages. This suits buyers who prioritize a low-maintenance, contemporary interior and efficient use of space over a large yard.
This property would ideally suit professionals, small families, or downsizers seeking a modern home in an established area without the worries of older-home renovations. It’s for buyers who value statistical outperformance in living space, year built, and assessed value within their immediate community.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The land area of 2,525 sqft is more compact than the average for both Royse Avenue and the wider Maybank area. This is a common feature of newer infill developments and translates to less exterior maintenance.
2. The assessed value seems high for the area. Why is that?
The $550k assessment is in the top 2% for Maybank, reflecting the home's new construction, larger living area, and modern amenities compared to the neighbourhood's older housing stock. It signals a premium, updated property.
3. What does the sold price history indicate?
The home sold in 2023 for an estimated $500k–$550k, closely aligning with its current assessed value. This suggests a stable valuation in line with the recent purchase price.
4. Who might this home not be ideal for?
Buyers seeking a large, traditional yard for gardening or recreation, or those prioritizing maximum square footage of land, may find the lot size limiting. It may also not suit buyers looking for a value-priced "fixer-upper."
5. How can I get the exact historical sold price?
The exact sold price is available by request. You can provide your email via the listing page to receive the precise figure manually, typically by the end of the same business day, without subscribing to marketing lists.