58 Malmsbury Avenue

Property Overview: 58 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. Built in 1984, it is slightly newer than the average Winnipeg home. Its key characteristic is its balanced metrics: at 1,603 sqft, the living space is above the city average but typical for its immediate street and area. Similarly, the assessed value of $430k sits comfortably around the averages for the street, neighborhood, and city, indicating a property that is neither undervalued nor overpriced relative to its peers. The lot size is slightly smaller than the street and area average.

The appeal lies in its predictability and stability. It’s a home that doesn’t stand out for extreme size or value, which can be an advantage for buyers seeking a known quantity without surprises. It would suit practical, value-conscious buyers—perhaps young families or downsizers—who prioritize move-in readiness in a mature suburb over custom features or a massive lot. A thoughtful perspective is that its "average" rankings across the board suggest lower volatility; it’s less likely to be over-improved for the area or suffer from disproportionate property taxes, offering a sense of financial steadiness.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 1,603 sqft, it offers more space than the average Winnipeg home (top 25% city-wide) and is very typical for both Malmsbury Avenue and the wider River Park South area.

2. Is the assessed value in line with the neighborhood?
Yes. The $430k assessment is around the average for the street ($420k) and slightly below the neighborhood average ($447.2k), positioning it as a fairly valued property within its community.

3. When was it last sold, and for how much?
Records show it sold in October 2020. The sold price is listed in the range of CA$300k–$350k. For verified, exact historical sale figures, you can request a manual lookup via the website.

4. What is the lot size, and is it typical?
The lot is 4,937 sqft. This is somewhat smaller than the average lot on Malmsbury Avenue (5,411 sqft) and in River Park South (5,447 sqft), but is around the typical mark when viewed city-wide.

5. The home was built in 1984. Is that older or newer for the area?
It is actually above average for its age. On its street, it ranks in the top 21%, meaning it is newer than most comparable homes there. It is also newer than the average Winnipeg home, which dates to 1966.