1556 Roy Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 2018-built home in Winnipeg’s Weston neighbourhood, with 903 sqft of living space on a 2,597 sqft lot. Its assessed value is $270,000.
The property’s main strength is its age. It’s among the newest homes on Roy Avenue (ranked 3rd out of 57) and in the top 4% citywide. In a neighbourhood where most houses were built around 1937, this is a significant outlier. That newness means modern construction standards, likely better insulation, electrical, and plumbing than the surrounding stock.
The assessed value is also notably high relative to the area—top 8% in Weston—which reflects the premium placed on newer builds there. However, the lot is on the smaller side (bottom 40% on the street), and the living area is average for the neighbourhood but below average citywide.
Where the appeal lies: For buyers who want a newer, move-in-ready home without leaving an established central neighbourhood. Weston offers relatively affordable entry points compared to more central Winnipeg districts, and this property leans into that by providing something rare in the area: a recently built house. It’s not a fixer-upper or a renovation project.
Who it suits: First-time buyers who prioritize a newer build over a large lot or expansive square footage. Also, buyers who want to be in a neighbourhood with older character homes but don’t want the maintenance that comes with them. Less suited for someone needing a large yard or expecting citywide-average living space.
Five Possible FAQs
1. How does this property compare to other homes in Weston?
It’s one of the newest and most valuable by assessment in the area. Most homes in Weston date from the 1930s–1950s and have lower assessed values, so this home stands out. The trade-off is a smaller land area—many older lots are larger.
2. Is 903 sqft considered small for Winnipeg?
Yes, citywide. The average for comparable homes is 1,342 sqft, so this is well below that. But “small” is relative to what you want: it’s average for Weston, and newer homes tend to be more efficiently laid out, so the usable space can feel different than an older 900-sqft house.
3. Why is the assessed value high for the neighbourhood but low citywide?
Weston’s home values are generally below the Winnipeg average. The assessed value here ($270K) is high within that local context, but still well below the citywide average of $390K. Essentially, it’s a top-tier house in a more affordable pocket of the city.
4. What does “Top 4% citywide” for year built actually mean?
It means only about 8,400 properties in Winnipeg were built more recently than this one (out of nearly 195,000). In practical terms, you’re unlikely to find a newer house in this price range in a central neighbourhood like Weston.
5. How does the small lot affect resale or use?
The lot is 2,597 sqft—small by any standard in Winnipeg. That limits outdoor space for gardens, sheds, or additions. It may also mean less demand from families wanting a big yard. On the upside, less yard maintenance, and smaller lots often keep property taxes lower than larger properties with similar house sizes.