Property Overview: 1049 Royse Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 1049 Royse Avenue in Maybank presents a classic Winnipeg property with a practical balance of space and value. Its key characteristics include a 983 sqft living area, a generous 5,050 sqft lot, and an assessed value of $310,000. Built in 1945, it is an older home that offers established character and a sizable yard relative to many city lots.

The primary appeal lies in its solid positioning within the local market. While the home itself is modest in size and age compared to immediate neighbours, it sits on a larger-than-average lot for the street, offering valuable outdoor space and potential. Its recent sale in the $300k-$350k range suggests it is an accessible entry point into the neighbourhood. This property would suit a value-conscious buyer—perhaps a first-time homeowner, an investor, or a downsizer—who prioritizes land size over a modern or recently renovated interior. It’s for someone comfortable with the realities and maintenance of an older home but who sees the upside in a substantial, established lot.

A less obvious perspective is that its older vintage and "below average" rankings for year built on its street and in Maybank might actually be an advantage for a certain buyer. It indicates a neighbourhood with mature homes and stability, and the property itself may have avoided the rapid, high-value turnover seen in newer areas, preserving a more affordable price point.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to the area?
The home’s assessed value of $310k is around the city-wide average but is considered below average for Royse Avenue itself. This suggests you may get more house or land for your money here compared to some neighbours, but the property is priced in line with the broader Winnipeg market.

2. What should I know about the 1945 build year?
As an 81-year-old home, it is among the older properties in Maybank. Buyers should budget for potential updates to major aging systems like plumbing, electrical, or the roof, and consider a thorough inspection. The upside is the established neighbourhood feel and the character often found in homes of this era.

3. Is the lot size a significant feature?
Yes. At over 5,000 sqft, the lot is larger than the average on Royse Avenue and in Maybank. This provides ample yard space, room for gardening, play, or future additions like a shed or deck, which is a valuable asset not always available at this price point.

4. What does the recent sale price range tell me?
The home sold for between $300,000 and $350,000 in 2025. This recent sale provides a concrete market-value benchmark, indicating the price buyers were willing to pay very recently, which can be more current than the assessed value for taxation purposes.

5. Who are the most likely buyers for this property?
This home is best suited for practical buyers. This includes first-time buyers looking for a starter home with land, investors interested in a hold-and-rent property in a stable area, or downsizers seeking a manageable single-family home with outdoor space without a premium price tag. It’s less suited for those seeking a modern, turn-key property.