Property score
73.9
Good
Overall 73.9 · Larger and newer than most nearby homes
1,413 sqft (top 7%) · Built in 2024 (64 yrs newer than avg)
Located in a above-average income area with median household income of ~82k
Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 11 dining spots, 3 schools, 4 healthcare facilitys, and 1 shop nearby
Living Area
Above average
35% larger than neighborhood avg.
Year Built
Above average
64 yrs newer than neighborhood avg.
Mother tongue
English · 51%Punjabi · 8%
Past 10 years Maybank sales snapshot (~80% of all data)
345
325k
$326/sqft
1960
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
Free · No credit card required
73.9 is composed by the two sections below.
Property Score
Community Score
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.
Sales-to-New-Listings
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
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.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110436
$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
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
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.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
1048 Royse Avenue — 24 amenities found within 500 m, across 6 categories, including 11 dining (nearest 204 m), 3 education (nearest 153 m), 4 healthcare (nearest 292 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 5% | Top 1% | Top 8% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 1048 Royse Avenue, Winnipeg
Key Characteristics & Appeal
This home at 1048 Royse Avenue is a notably modern property in the Maybank neighbourhood, built just two years ago in 2024. Its primary appeal lies in its new construction status, which is exceptionally rare for the area—ranking in the top 1-2% of homes city-wide, in Maybank, and on its own street for year built. This translates to modern building standards, systems, and minimal immediate maintenance.
The 1,413 sqft living space is comfortably above average for both the immediate street and the broader Maybank area, offering more interior room than most comparable local homes. The assessed value is strong, ranking in the top 3% for Maybank, suggesting a premium valuation for its condition and age. A thoughtful perspective is that while the lot size is smaller than many city and neighbourhood averages, this often correlates with lower exterior maintenance, which can be a practical advantage for many buyers.
This property would ideally suit buyers seeking a modern, move-in-ready home without the wait or uncertainties of new construction, but who value being in an established neighbourhood. It’s also a strong match for those who prioritize interior space and modern efficiency over a large yard.
Frequently Asked Questions
1. Is this a brand-new home?
It was built in 2024, so it is essentially new construction with the benefits of modern building codes, energy efficiency, and warranties, but without the raw landscaping and unfinished details sometimes found in just-completed builds.
2. How does the lot size impact the property?
The land area is smaller than many lots in Winnipeg. This means less yard maintenance, but also less private outdoor space. The trade-off is a newer, larger home on a more manageable plot.
3. The assessed value seems low compared to the sold price. Why?
Municipal assessed value for tax purposes often lags behind market value, especially for a very recent build. The sold price range of $550k-$600k reflects the actual market premium for a nearly new home.
4. What does the "Elite" ranking for year built mean?
It means this home is newer than over 99% of homes in its comparison groups. On Royse Avenue, it's the newest of 45 homes; in Maybank, it's one of the two newest out of 920.
5. Who would this home not suit as well?
Buyers looking for a large, sprawling yard for gardening or recreation, or those specifically seeking the classic character and architectural details of an older Winnipeg home, might find other properties a better fit.
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.
