Property Overview: 38 Malmsbury Avenue, Winnipeg
Key Characteristics & Appeal
This 1984-built home in River Park South offers a practical and established living environment. Its primary appeal lies in its above-average living space—at 1,694 sqft, it is notably larger than most comparable homes on its street, in the neighborhood, and across Winnipeg. This makes it a standout for buyers seeking more room without moving to a newer, potentially more expensive area.
The home sits on a standard lot for the area and its assessed value of $434k is competitive, positioning it as a solid, mid-range property within the city. It last sold in April 2023 for an estimated $450k-$500k, a price point that performed well against broader market averages.
This property would suit buyers who value space over a brand-new build, such as growing families looking for a move-in-ready home in a mature neighborhood. It also represents a sensible choice for value-conscious purchasers seeking a home that already has a proven resale history in a stable community. A less obvious perspective is that its consistent "above average" size ranking across all geographic levels suggests a enduring, inherent value in its floor plan that may not be as susceptible to localized market dips.
Frequently Asked Questions
1. How does this home’s size really compare to others?
It is consistently larger than the norm. It ranks in the top 13% on its own street, the top 25% in River Park South, and the top 21% city-wide for living area among similar homes.
2. Is the assessed value in line with the neighborhood?
The assessed value is slightly below the neighborhood average for River Park South but is above the city-wide average. On its own street, it ranks in the top 30%, indicating it is priced appropriately among its most direct comparables.
3. When was it last sold and for how much?
It sold in April 2023. Publicly available data indicates a sold price range of CA$450,000 to $500,000. Exact sale figures require a manual lookup from verified records.
4. What is the lot size, and is it typical?
The lot is 4,937 sqft. This is around the average for both Malmsbury Avenue and the River Park South neighborhood, though slightly below the average lot size across Winnipeg.
5. Are there many other homes from the same era nearby?
Yes. Built in 1984, it is typical for its street, which has an average build year of 1984. The home is newer than the Winnipeg average but representative of this established section of River Park South.