Property Overview: 127 Malmsbury Avenue, Winnipeg
Key Characteristics & Appeal
This 1984-built home in River Park South presents a practical entry point into a well-established Winnipeg neighborhood. At 888 square feet, it is notably more compact than most homes on its street and in the wider area, which is its defining characteristic. This smaller scale is reflected in its assessed value of $401k, which sits below the street average but aligns closely with the Winnipeg citywide average for comparable properties.
The appeal here is one of efficiency and opportunity. The lot size is typical for the area, offering standard outdoor space. The home’s age is actually above average both on its street and citywide, suggesting it is among the newer builds in its peer group. This property would suit first-time buyers, downsizers, or investors seeking a lower-priced foothold in a stable neighborhood without the maintenance of a larger house. Its recent sale in 2024 indicates a market-tested value. A thoughtful perspective is that a smaller, efficiently designed home can offer lower utility costs and less upkeep, allowing owners to invest more in quality updates or savings.
Frequently Asked Questions
1. Is this home significantly smaller than its neighbors?
Yes. With 888 sqft of living area, it ranks in the bottom 1% on its street and is well below the neighborhood and city averages for comparable homes.
2. How does its value compare to nearby properties?
Its $401k assessed value is below the street average of $420k but is around the average for the city of Winnipeg. Recent comparable sales on the same street and in River Park South have ranged from the high $300ks to mid $400ks.
3. What does the "above average" year built mean?
Built in 1984, this home is newer than many comparable homes in Winnipeg (which average 1966) and is on par with the average on its specific street. This can suggest potentially fewer issues associated with older construction.
4. Why is there only a sold price range and not an exact figure?
The provided data is sourced from publicly available records, not the MLS. To receive the exact, verified sold price and full transaction history, you must request it directly via email from the site.
5. Are the property taxes likely to be lower because it's smaller?
While not guaranteed, a lower assessed value relative to other homes on the street typically correlates with lower municipal property taxes, which is a potential ongoing cost advantage.