Property Overview & Appeal
This home at 1055 Royse Avenue in Maybank presents a compelling mix of modern convenience and established neighbourhood character. Built in 2017, it is a notably newer construction compared to most homes in Winnipeg, offering contemporary building standards and minimal immediate maintenance concerns. With 1,021 sqft of living space, it provides comfortable room for a small family, couple, or individual, fitting squarely within the average for its immediate street and area.
The property’s primary appeal lies in its balance. While the lot size is more compact compared to city-wide averages, this often translates to lower yard maintenance. Its assessed value of $410k positions it as a strong, above-average value within the Maybank neighbourhood itself, suggesting a good investment relative to its immediate peers. This home would suit first-time buyers or downsizers seeking a modern, move-in-ready property without the premium of a brand-new build, or investors attracted by a newer asset in a stable area. A thoughtful perspective is that its newer age in an older neighbourhood offers modern efficiency while still providing the mature trees and established community feel that new subdivisions often lack.
Frequently Asked Questions
1. How does this home’s value compare to the area?
The home’s assessed value is above average for the Maybank neighbourhood (ranking in the top 12%), indicating it is viewed as a relatively premium property on its local streets. City-wide, its value is around the median.
2. What are the potential drawbacks of a newer home on a smaller lot?
The land area is below average for both the area and the city. This means less private outdoor space and potentially less room for future expansions like large decks or additions compared to homes on larger lots.
3. Is the living space sufficient for a growing family?
At just over 1,000 sqft, it is adequate for a small family but below the city-wide average. Families needing multiple bedrooms, dedicated office space, or extensive storage may find it cozy and should consider their long-term space needs.
4. What does the sold price history indicate?
It last sold as a new build in 2017 for an estimated $300k-$350k. The current assessed value of $410k reflects market appreciation. For the exact historical sold price, you can request the information directly via the provided email service.
5. Why is the year built such a standout feature?
Built in 2017, this home is significantly newer than most in Winnipeg (ranking in the top 5% city-wide). This typically means newer major systems (roof, HVAC, windows), modern energy efficiency, and compliance with recent building codes, which can reduce near-term repair costs and utility bills.