Property Overview: 180 Malmsbury Avenue, River Park South, Winnipeg
Key Characteristics & Buyer Profile
This 1,000 sqft bungalow, built in 1984, presents a practical opportunity in Winnipeg's River Park South neighborhood. Its key appeal lies in its relative value and established location. While the living space and lot size (4,398 sqft) are below the local averages, the home's assessed value of $394k is competitive, sitting close to the citywide average. It last sold for an estimated $350k-$400k in mid-2023.
The property suits first-time buyers or downsizers seeking an entry point into a stable, mature neighborhood without a premium price tag. Its appeal is grounded in affordability and function rather than size or luxury. A thoughtful perspective is that a smaller, well-maintained home on a modest lot can mean lower utility costs, less maintenance, and a cozier, more efficient living space. For the right buyer, it represents a chance to secure a home in a solid area while potentially leaving room in the budget for future updates.
Frequently Asked Questions
1. Is this house significantly smaller than others in the area?
Yes. At 1,000 sqft, the living area is below the average for both the street and the broader River Park South neighborhood. This is a key consideration if space is a priority, but it also contributes to a more accessible price point.
2. How does the assessed value compare?
The $394k assessment is fairly typical citywide but is below the average for Malmsbury Avenue itself. This suggests the property may be valued lower than some immediate neighbors, which could be an advantage for property taxes and purchase negotiations.
3. What is the lot size, and what does it allow for?
The lot is 4,398 sqft, which is smaller than most on the street. It likely allows for a manageable yard but may limit possibilities for large additions or extensive outdoor amenities like a pool.
4. Can I find out the exact past sale price?
The site provides an estimated range. To obtain the exact, verified sale history, you must request it directly via email, as this data is not sourced from the MLS.
5. The home was built in 1984. What does that imply?
Built in 1984, it is newer than many Winnipeg homes and is about average for its street. Buyers should budget for updates common to houses of this era, such as windows, roofing, or interior fixtures, while benefiting from a modern-enough layout and construction standards.