Property Overview
This home at 111 Malmsbury Avenue in Winnipeg's River Park South neighborhood presents a solid, middle-of-the-road offering. Built in 1984, its 1,135 sqft living space and $411k assessed value consistently rank as "around average" compared to most neighbors and similar city-wide properties. This creates a predictable and stable profile. Its appeal lies in this very consistency—it’s a known quantity in an established area, avoiding the extremes of being the smallest, oldest, or most expensive on the block. The lot size is slightly below the street average but offers standard suburban space.
It would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize neighborhood stability over standout features. It’s for someone seeking a manageable home without unexpected comparisons, where investment is based more on livability than on outperforming the market.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold in February 2022 for between $400k-$450k, a price that ranked in the top 26% for the street at that time. This suggests it was a competitive sale, and its current assessed value remains aligned with the street's average.
2. Is the home newer or older than others nearby?
Built in 1984, it is actually above average in age for its street, ranking in the top 21% (where newer is better). This means it is one of the older homes on Malmsbury Avenue, though it matches the typical age for the wider River Park South area.
3. What is the potential downside of the "average" rankings?
While "average" offers stability, it may also mean less built-in equity growth compared to a home with standout features (like a significantly larger lot or more modern build). Its appreciation is likely to mirror the neighborhood's overall trend rather than exceed it.
4. How does the lot size impact usability?
At 5,027 sqft, the lot is moderately sized but below the street average. It should comfortably accommodate a backyard and garden, but may feel tighter for extensive additions like a large deck, pool, or detached garage compared to some neighbors.
5. Where can I get verified historical sale data?
The site provides sold price ranges. For exact sale figures and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.