Property at 1576 Roy Avenue, Winnipeg

Overview & Suitability

This is a 939 sqft home built in 2019 on a 2,597 sqft lot, with an assessed value of $281,000.

What stands out: The property’s strongest card is its age. It ranks in the top 2% in its neighbourhood and top 4% city-wide for year built, making it one of the newest homes in an area where most houses date from the 1930s–1950s. The assessed value is also notably high relative to the street and neighbourhood ($281K vs. averages of $194K and $185K respectively), which reflects the premium attached to that newer construction and likely upgraded finishes or systems.

Where it's average or below: The living area (939 sqft) is essentially on par with the street and neighbourhood averages but well below the city-wide average of 1,342 sqft. The land area (2,597 sqft) is on the smaller side—ranking 70th percentile on the street and 94th city-wide—so the outdoor space is compact.

Who it would suit: Buyers who prioritize a move-in-ready, low-maintenance home with modern construction standards (e.g., better insulation, windows, mechanicals) over square footage or a large yard. It’s a particularly good fit for first-time buyers, downsizers, or those who want a newer home without the delays of building from scratch. It may be less ideal for families needing extra space or anyone wanting a sizable garden or workshop area.

Frequently Asked Questions

1. How does the assessed value compare to recent sale prices on the street?
   The assessed value ($281K) is well above the street average ($194.5K), but assessment and market price aren’t always aligned. In a neighbourhood with many older homes, a newer build often attracts a premium that may not be fully captured by assessment data. It’s wise to check recent sale prices for similarly new homes in Weston for a more current benchmark.

2. Why is the land area so small compared to other homes in Winnipeg?
   The property sits in a mature neighbourhood where most lots were subdivided decades ago, typically yielding larger plots. A 2,597 sqft lot is common in newer infill developments and some suburban areas, but stands out as compact in Weston. If you’re used to a standard Winnipeg lot, expect less grass and more time indoors.

3. Is a 939 sqft home large enough for a family of four?
   It depends on your lifestyle. The layout is likely more open than older homes of the same square footage, but you’d be working with about 86 sqm of living space total. It works well for a couple or a small family with one child, but older children or multiple adults may find it tight—especially if there’s no basement development.

4. What’s the risk of overpaying given the high assessed value?
   The high assessment relative to the street suggests the home is already valued for its modern condition, not its age or lot size. Overpaying is less likely if the comps are other recent builds or extensively renovated properties. However, if the market shifts, this type of premium can be more volatile than for an average older home.

5. Does a 2019 build mean lower utility and maintenance costs?
   Generally, yes. Newer homes in Manitoba typically meet or exceed current building codes for insulation, air sealing, and efficient windows. Heating and cooling costs should be lower than average for the neighbourhood. Major systems (roof, furnace, windows) are less likely to need replacement soon. However, “low maintenance” isn’t zero maintenance—check that builder warranties on items like flooring, cabinets, and appliances are still valid or transferable.