Property Overview: 120 Malmsbury Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated River Park South home presents a solid, above-average offering in several key areas. Built in 1984, it is newer than most Winnipeg homes and is typical for its immediate street. Its primary appeal lies in its balanced and spacious footprint: the 1,634 sqft living area is notably larger than most comparable homes on its street, in the neighborhood, and across the city. This is complemented by a generous 6,166 sqft lot, which ranks in the top 15% on Malmsbury Avenue, offering more outdoor space than many neighboring properties.
The home’s assessed value of $423k is consistently around the average for its immediate area, suggesting it is priced in line with market expectations without significant premium or discount. This creates a value proposition centered on space—both indoors and on the lot—within a established, mature neighborhood. It would suit practical buyers looking for a roomy family home without venturing into premium-priced territory, or those who prioritize a larger yard in a community where lot sizes can vary. A thoughtful perspective is that its consistent "above average" size rankings, paired with an "around average" value, could indicate a efficient use of the assessed dollar per square foot relative to peers.
Section 2: Frequently Asked Questions
1. How does this home’s size truly compare to others nearby?
The living area is larger than approximately 75% of similar homes on its own street and in Winnipeg overall. Its lot size is even more standout on Malmsbury Avenue, being larger than about 85% of its neighbors.
2. Is the assessed value a good indicator of its market price?
The assessed value is very close to the street average and recent sold prices on the street fall in the $400k-$450k range. It serves as a reliable baseline, but market conditions, property condition, and updates will determine the final sale price.
3. What does the year built (1984) mean for a potential buyer?
Homes from this era in Winnipeg often feature modern floorplans and infrastructure. While major components like the roof or furnace may be due for replacement given the age, the data shows this home is typical for the well-established street.
4. Are there recent sales history details available?
The provided data indicates a sale occurred in June 2021 within a $400k-$450k range. For fully verified and exact historical sold prices, you must request a manual lookup from the site via email, as they do not publish MLS records.
5. How does the property balance indoor and outdoor space?
The data suggests a strong balance. You get a home with more interior space than most peers, on a lot that is significantly larger than others on the same street. This is less common than finding just one of those features.