Property Summary: 58 Royalgate Road, Winnipeg
Key Characteristics & Appeal
This is a well-maintained, one-storey bungalow built in 1974, situated on a generous 6,375 sqft lot in the Vialoux neighbourhood. Its key features include a fully finished basement, an attached garage, and 1,331 sqft of living space. The appeal lies in its established setting, offering more interior and exterior space than many newer homes in its price range. The data reveals a compelling perspective: while the home's size is average for the area, its lot size is above average, and it is notably one of the newer homes on its street, suggesting durable construction and potentially fewer immediate maintenance concerns than older peers.
It would best suit practical buyers looking for a move-in-ready, single-level living layout—ideal for downsizers, first-time buyers, or small families. The large lot is a significant asset for those valuing private outdoor space, gardening, or future expansion. Its competitive rankings in assessed value for both Winnipeg and the community indicate a property perceived as offering solid value relative to the broader market.
Frequently Asked Questions
1. How does the age of the home affect its condition and costs?
Built in 1974, major components like the roof, windows, and mechanical systems may be at or beyond their typical lifespan. A thorough inspection is crucial to budget for potential updates, though its "newer for the street" status is a positive sign.
2. What is the significance of the lot size and ranking?
At 6,375 sqft, the lot is larger than half the properties on the street. This provides ample yard space and a sense of privacy that can be hard to find in newer subdivisions, and it represents long-term value in the form of land.
3. The living area ranks lower than the lot size; what does this mean?
The home's footprint is modest relative to its lot. This could mean a more efficient, easier-to-maintain interior or present an opportunity for a future addition, subject to local zoning.
4. Why is the assessed value ranking higher than the size ranking?
The assessment ranks in the top 26% city-wide, meaning it's valued higher than 74% of Winnipeg homes. This suggests assessors recognize factors beyond raw square footage—like the finished basement, lot value, and overall condition—contributing to its worth.
5. Is the finished basement included in the listed living area?
No, the 1,331 sqft living area typically refers to above-grade space. The finished basement provides additional usable rooms and living space, adding functional square footage not reflected in that primary figure.