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.

Year Built

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

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Property score

73.9 is composed by the two sections below.

Property Score

71.3Good
Living Area1,451 sqft75Good
Year Built2023100Excellent
Lot Size2,525 sqft28Low
Neighbourhood Sales Activity42Low

Community Score

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

Neighbourhood Sales

Maybank

How to read: Share of sales in each ~$50k price band for “maybank” (Detached houses (non-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.

Rankings

Living Area

above 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

Tax-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

Year Built

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

Lot Size

around average
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

Nearby stops, routes & 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 137 m), 1 education (nearest 211 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%

Sales History

Sold 5/2023CA$500k–550k
Sold price

Same street

Top 21%

Same area

Top 3%

City-wide

Top 14%

Related homes

Highlights & common questions: 1021 Royse Avenue, Winnipeg

Property Overview: 1021 Royse Avenue, Maybank, Winnipeg

Key Characteristics & Appeal

This is a modern, above-average home in Winnipeg's Maybank neighbourhood, built in 2023. Its primary appeal lies in its new construction, offering move-in readiness with modern building standards and likely lower immediate maintenance. At 1,451 sqft, the living space is notably larger than most homes on its street and in Maybank, providing generous room for its age.

The home’s assessed value of $550k places it in the elite tier for the Maybank area, indicating it is a premium property within its local context. A thoughtful perspective is that this represents a trade-off: while you acquire a modern, spacious home, the lot size is more compact than the neighbourhood and city averages. This suits buyers who prioritize a low-maintenance, contemporary interior and efficient use of space over a large yard.

This property would ideally suit professionals, small families, or downsizers seeking a modern home in an established area without the worries of older-home renovations. It’s for buyers who value statistical outperformance in living space, year built, and assessed value within their immediate community.

Frequently Asked Questions

1. How does the lot size compare to nearby properties?
The land area of 2,525 sqft is more compact than the average for both Royse Avenue and the wider Maybank area. This is a common feature of newer infill developments and translates to less exterior maintenance.

2. The assessed value seems high for the area. Why is that?
The $550k assessment is in the top 2% for Maybank, reflecting the home's new construction, larger living area, and modern amenities compared to the neighbourhood's older housing stock. It signals a premium, updated property.

3. What does the sold price history indicate?
The home sold in 2023 for an estimated $500k–$550k, closely aligning with its current assessed value. This suggests a stable valuation in line with the recent purchase price.

4. Who might this home not be ideal for?
Buyers seeking a large, traditional yard for gardening or recreation, or those prioritizing maximum square footage of land, may find the lot size limiting. It may also not suit buyers looking for a value-priced "fixer-upper."

5. How can I get the exact historical sold price?
The exact sold price is available by request. You can provide your email via the listing page to receive the precise figure manually, typically by the end of the same business day, without subscribing to marketing lists.

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