Property Overview & Key Characteristics
This well-situated Royalwood bungalow, built in 2005, offers a compelling blend of space, location, and established value. Its primary appeal lies in its generous 11,177 sqft lot, which ranks in the top tier for size both within the immediate street and across Winnipeg, providing exceptional outdoor potential. The 1,665 sqft living area is comfortably above average for the city. While the home features an attached garage and a full basement (not renovated), its standout metrics are its land size and its assessed value of $600k, which places it in the top 7% of Winnipeg properties, suggesting a strong valuation foundation.
The property suits buyers looking for a solid, single-level home in a desirable neighbourhood with room to grow or customize over time. It’s particularly appealing to those who prioritize lot size over a recently renovated interior, seeing the basement as a future opportunity. A thoughtful perspective is that this home represents a "land-value play" in Royalwood—the premium lot offers a hedge and long-term flexibility that newer infill properties on smaller lots often cannot match.
Frequently Asked Questions
1. What is the significance of the lot size rankings?
The property’s lot is in the top 4% for size in Winnipeg and top 12% in Royalwood. This means it offers more private outdoor space than the vast majority of homes in the area, a rare and valuable asset.
2. The assessed value is $600k. How does that compare to similar homes?
The assessment ranks higher than most in Winnipeg (top 7%), but is more moderate on its street. This can indicate that the official valuation recognizes the premium lot and location, even if the home itself may benefit from updates.
3. Who would this property not be suited for?
It may not suit buyers seeking a completely move-in-ready, modernized home, as the basement is noted as not renovated. It’s also a bungalow, so those specifically looking for multi-storey living might look elsewhere.
4. The home was built in 2005. What does that mean for a buyer?
A 2005 build is relatively modern, meaning major systems like wiring, plumbing, and the roof are likely in good condition without being at immediate end-of-life, but may soon enter a period where updates are considered.
5. How does the living space compare to the neighbourhood?
At 1,665 sqft, the living area is above the Winnipeg average but falls near the middle for its specific street. This suggests a comfortable size that is consistent with the area, with the property’s standout feature being its land, not its square footage.