1021 Royse Avenue

Maybank, Winnipeg

Property score

73.9

Good

Overall 73.9 · Larger and newer than most nearby homes

1,451 sqft (top 6%) · Built in 2023 (63 yrs newer than avg)

Located in a above-average income area with median household income of ~82k

Transit 86.0 · 2-min walk to transit with 4 nearby routes · Within 500m: 11 dining spots, 1 school, 4 healthcare facilitys, and 1 shop nearby

Living Area

Above average

39% larger than neighborhood avg.

Taon ng Paggawa

Above average

63 yrs newer than neighborhood avg.

Mother tongue

English · 51%Punjabi · 8%

Past 10 years Maybank sales snapshot (~80% of all data)

Sold Count

345

Median price

325k

$/sqft

$326/sqft

Avg build year

1960

Need help understanding this property?

Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.

Usually replies in a few minutes

Property score

73.9 is composed by the two sections below.

Property Score

71.3Good
Living Area1,451 sqft75Good
Taon ng Paggawa2023100Excellent
Lupa2,525 sqft28Low
Neighbourhood Sales Activity42Low

Community Score

77.7Good
Household Income77Good
Education Level82Excellent
Housing Stress52Fair
Core Housing Need100Excellent
Employment Health76Good

Istatistika ng benta ng komunidad

Maybank

How to read: Share of sales in each ~$50k price band for “maybank” (Detached na bahay (hindi condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110436

Community deep dive

$82K

Median household income

$106K

Average household income

13%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.3

P90 / P10 ratio

19%

Single-person households

27%

Families with children

Population, labour & age

Population (2021)662
Labour force participation rate72%
Median age30.8
Avg household size2.6
Unemployment rate10%
Population density3152 / km²

Households & income

Low income (LIM-AT, % pop.)13%
Single-person households19%
Couple families with children27%
Median household income (2020)$82K

Housing

Renter households43%
Condominium dwellings3%
Median dwelling value (owners)$348K

Diversity, education & language

Immigrants (share of pop.)35%
Visible minority61%
Bachelor's or higher (25–64)40%
Mother tongue (1st)English · 51%
Mother tongue (2nd)Punjabi · 7%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Mga ranggo

Living Area

lampas sa average
1,451 sqft
0255075100
Same streetTop 20%Same areaTop 6%CitywideTop 33%
Same street · Royse Avenue
#9 / 45
Top 20% · Avg 1,166 sqft
Same area · Maybank
#51 / 920
Top 6% · Avg 1,043 sqft
Citywide · Winnipeg
#64,682 / 194,458
Top 33% · Avg 1,342 sqft

Assessed Value

Elite
550k
0255075100
Same streetTop 13%Same areaTop 2%CitywideTop 13%
Same street · Royse Avenue
#6 / 45
Top 13% · Avg 416.7k
Same area · Maybank
#16 / 920
Top 2% · Avg 334k
Citywide · Winnipeg
#24,681 / 194,458
Top 13% · Avg 390.1k

Taon ng Paggawa

Elite
2023
0255075100
Same streetTop 9%Same areaTop 1%CitywideTop 1%

Lupa

karaniwan
2,525 sqft
0255075100
Same streetBottom 36%Same areaBottom 17%CitywideBottom 5%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Mga malapit na hinto, ruta at transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

1021 Royse Avenue — 23 amenities found within 500 m, across 6 categories, including 11 dining (nearest 131 m), 1 education (nearest 213 m), 4 healthcare (nearest 327 m).

Search radius
🍽️Dining11
🏫Education1
🏥Healthcare4
🛒Shopping1
🌳Parks4
Worship2

Crime & Safety

Maybank · WPS public data · 2026

Annual incidents

10

2026

vs. city avg

-66%

relative to avg

Year-over-year

-92%

vs. prior year

Primary type

Property

90%

Kasaysayan ng Benta

Naibenta 7/2023CA$500k–550k
Presyo ng benta

Parehong kalye

Top 21%

Parehong lugar

Top 3%

Buong lungsod

Top 14%

Related homes

Mga tampok at karaniwang tanong: 1021 Royse Avenue, Winnipeg

Property Overview

This home at 1021 Royse Avenue in Winnipeg's Maybank neighbourhood is a modern, above-average offering in a community of mostly older homes. Built in 2023, it stands out for its new construction, generous living space, and high assessed value relative to its immediate surroundings. Its appeal lies in offering a move-in-ready, contemporary lifestyle without the wait and uncertainties of a new build, situated in an established area. The property would suit buyers looking for modern finishes and systems in a mature neighbourhood, as well as those who value a home that ranks highly in metrics like assessed value and year built compared to local peers. A thoughtful perspective is that while the lot size is smaller than area averages, this often translates to lower maintenance, which can be a significant draw for busy professionals or those seeking a lock-and-leave lifestyle within a house.

Key Characteristics & Ideal Buyer

  • Key Characteristics: This is a 1,451 sqft home built in 2023, featuring an assessed value of $550,000. It sits on a 2,525 sqft lot. The data shows it ranks in the top tiers for its newness, living area, and value both within Maybank and city-wide, though its lot size is more modest compared to neighbourhood averages.
  • Primary Appeal: The core appeal is the combination of a like-new home with the established setting of Maybank. Buyers get modern construction, energy efficiency, and contemporary layouts without being in a brand-new subdivision. Its strong assessed value rankings suggest it is perceived as a premium property in the area.
  • Ideal Buyer Profile: This home is well-suited for buyers who want a modern, low-maintenance property without sacrificing an established neighbourhood feel. It would appeal to young families, professionals, or downsizers seeking a spacious, newer home without the yard work of a larger lot. It is less suited for those prioritizing extensive outdoor space or seeking a vintage character home.

Frequently Asked Questions

1. How does the lot size compare to neighbours?
The lot of 2,525 sqft is smaller than the average for both Maybank and Winnipeg overall. This means less yard maintenance but also less private outdoor space than many surrounding properties.

2. Why is the assessed value so high compared to nearby homes?
The assessed value of $550k ranks in the top 2% for Maybank, primarily due to the home's new construction (2023) and larger living area. It reflects a premium for a modern asset in a neighbourhood where most homes are decades older.

3. What does the sold price history indicate?
The home sold in 2023 for an estimated $500k–$550k. This recent sale, close to its current assessed value, provides a solid, transparent benchmark for its market price.

4. Is this a good investment for the area?
The data indicates it is a standout property in its micro-market (Royse Avenue and Maybank) in terms of newness, size, and value. This can be positive for value retention, though its premium position means future appreciation may be more closely tied to broader market trends than outperforming older homes on the street.

5. Who should request the exact sold price history?
The exact sold price is available by email request. This is particularly useful for serious buyers or their agents who require precise figures for detailed financial analysis or offer preparation, going beyond the provided estimated range.

Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.