Property Overview: 27 Malmsbury Avenue, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a solid, middle-of-the-road offering in the established River Park South neighborhood. Its key characteristic is consistency: with 1,464 sqft of living space and a 1985 build year, it sits comfortably around the average for its street, area, and the wider city. The assessed value of $415k follows a similar pattern, being very typical for the immediate street but positioned below the neighborhood average, which may indicate room for value appreciation.
The appeal lies in its stability and move-in readiness within a mature community. A less obvious point is that, while the lot size is notably smaller than most on the street, this can translate to lower maintenance and yard work—a potential perk for busy professionals or those seeking a simpler outdoor space. The 1985 build year is actually the newest on Malmsbury Avenue, suggesting the home may have modernizations not found in direct neighbors.
This property would best suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a no-surprises home in a settled area over a fixer-upper or a sprawling lot. It’s for someone who wants a comfortable baseline from which to build equity, without the premium price of a standout lot or a fully renovated interior.
Section 2: Frequently Asked Questions
1. Is the assessed value a good indicator of the likely selling price?
The assessed value ($415k) is a municipal figure for tax purposes. Notably, it's below the River Park South neighborhood average, but recent sold prices on the street suggest a strong market. A professional market evaluation is essential for pricing strategy.
2. How does the smaller lot size impact the property?
At 4,158 sqft, the lot is smaller than most on the street. This means less yard for gardening or expansion, but also reduced upkeep. It’s a trade-off that keeps the property manageable and could be a benefit for those not wanting extensive outdoor maintenance.
3. The home was built in 1985. What should I consider about its age?
While 1985 is newer than many Winnipeg homes, key systems like the roof, windows, furnace, and plumbing may be nearing or past their typical lifespan. A thorough inspection is crucial to understand the condition and anticipate any near-term updates.
4. How does this home compare to others recently sold on the street?
Public data shows a sale in 2017 in the $300k-$350k range. The market has changed significantly since then. For accurate, verified sale prices of recent transactions, you must request a manual lookup from the site, as MLS data is not displayed here.
5. What is the neighborhood (River Park South) like for amenities and convenience?
River Park South is a mature, family-oriented neighborhood in southeast Winnipeg. It typically offers good access to schools, parks, shopping plazas, and major routes like the Perimeter Highway, balancing residential quiet with convenience.