Property Overview & Key Characteristics

This two-storey home in Royalwood, built in 2011, presents a compelling mix of established comfort and future potential. Its primary appeal lies in its generous, mature lot—over 13,000 sq ft—which ranks in the top tier for the area, offering exceptional outdoor space for gardening, recreation, or future expansion. The home itself is modern enough to avoid major immediate repairs but has an unrenovated basement, presenting a clean canvas for customization. While its living area is modest relative to some neighbours, this positions it as a more manageable footprint for many, coupled with the significant land value.

The property suits two main types of buyers: first, those seeking a solid family home in a desirable neighbourhood who value a large yard above a maximized interior size. Second, it appeals to value-oriented buyers or long-term planners who see the appeal in a home where the primary investment is in the land and structure, with the ability to add value through personalized updates over time. A less obvious perspective is its strong ranking for year-built within Winnipeg, suggesting it's a relatively newer home in the broader city context, which can be a advantage for maintenance and systems longevity compared to much of the housing stock.

Frequently Asked Questions

1. What does "basement, not renovated" typically mean?
It indicates the lower level is finished as living space but remains in its original state from when the home was built in 2011. It’s functional and clean, but may not feature current finishes or layouts, allowing the next owner to customize it to their taste.

2. The assessed value seems low compared to other listings. Is this a concern?
Not necessarily. Municipal assessed values for taxation purposes often lag behind market values and are calculated using a specific formula. The provided comparable homes with similar assessed values are located across various neighbourhoods, confirming this is an administrative valuation, not a direct market price indicator.

3. The living area ranks lower on the street. Does this mean the house is small?
It means that on this particular street of nine homes, it has the smallest interior square footage. However, at 1,791 sq ft, it is still above the middle range for the wider Royalwood neighbourhood and Winnipeg overall. The trade-off is the exceptionally large lot size.

4. Who would this property not be ideal for?
It may not suit buyers seeking a completely turn-key, modernized home where no projects are desired, particularly in the basement. It also may not fit those whose priority is maximizing interior square footage above all else.

5. The "year built" ranking is very high. How important is that?
A 2011 build date means major components like the roof, windows, and mechanical systems are likely only midway through their lifespan, reducing the risk of near-term costly replacements. This relative newness compared to much of Winnipeg offers a practical advantage in predictable maintenance costs for the next decade.