Property Overview: 63 Malmsbury Avenue, Winnipeg
Key Characteristics & Appeal
This 1985-built home in River Park South stands out for its above-average size and established character. With 1,749 sqft of living space, it offers more room than most comparable homes on its street, in the neighborhood, and across Winnipeg. Its assessed value of $461k is also consistently above average, particularly when compared to the broader city. The lot size is typical for the area.
The primary appeal lies in its combination of space and a well-established setting. It’s a home that offers room to grow without being an outlier in the community. A thoughtful perspective is its age: built in 1985, it is the newest home on its street, suggesting potentially fewer major age-related updates than older neighbors but also a place in a mature, stable streetscape. It would suit buyers looking for a spacious, move-in-ready family home in a settled suburban neighborhood, who value space over a brand-new build and appreciate a property that benchmarks strongly against its immediate peers.
Frequently Asked Questions
1. How does this home’s size truly compare to others?
It ranks in the top 10% for living area on its own street (7th largest out of 67 homes) and above average both neighborhood-wide and city-wide, confirming it is a genuinely spacious offering for its type and location.
2. Is the assessed value in line with the home’s features?
The assessed value of $461k is above the street and city averages. This aligns with the home’s larger-than-average square footage and its status as the newest build on the block, factors that typically influence assessment.
3. What does the sale history indicate?
Records show it last sold between $400k-$450k in September 2021. Market conditions have changed since then, so this provides a historical anchor point rather than a current value. Exact sale prices require a manual lookup from the provider.
4. Is the neighborhood consistent in terms of home values?
The data shows some variety. For example, a nearby home on the same street with similar square footage (1,768 sqft) has a slightly lower assessed value ($445k), while another with less space (1,099 sqft) is assessed at $401k. This suggests values on Malmsbury Avenue are responsive to specific property characteristics.
5. How does the lot size compare?
At 5,225 sqft, the lot is very close to the average for both Malmsbury Avenue and the River Park South neighborhood. It is, however, smaller than the average lot across the entire city of Winnipeg. This is typical for its suburban neighborhood era and provides a standard-sized yard for the area.