Property Overview: 50 Musgrove Street, River West Park, Winnipeg
Section 1: Key Characteristics & Appeal
This 1976-built home in River West Park offers a compelling blend of space, location, and value. Its primary appeal lies in its generous 2,162 sqft living area, which ranks well above average for both the neighborhood and the city, providing substantial room for families or those who value spacious interiors. The lot size of 7,690 sqft is also comfortably above the Winnipeg average, offering good outdoor potential.
A thoughtful perspective on this property is its position as a relative value within its immediate street. While the home is spacious, its assessed value is below the average for Musgrove Street itself. This suggests it may present an opportunity for buyers seeking a larger home in a established area without the premium price tag of some direct neighbors. The recent sale price indicates strong market demand, placing it in the top tier of sales city-wide.
This home would suit practical buyers looking for established-character family homes in a mature neighborhood. It’s ideal for those who prioritize interior and yard space over a brand-new build, and for value-conscious purchasers who recognize that a below-average assessment on a desirable street can be a strategic advantage.
Section 2: Frequently Asked Questions
1. How does the home’s assessed value compare to its recent sale price?
The property was assessed at $497k, but sold for between $650k-$700k in July 2024. This significant difference is common and reflects that assessed value (for municipal tax purposes) often lags behind current market value, which is determined by buyer demand.
2. Is the living space larger than most homes in Winnipeg?
Yes. At 2,162 sqft, the living area ranks in the top 7% city-wide, making it substantially larger than the Winnipeg average of 1,342 sqft for comparable homes.
3. Why is the assessed value below average for the street?
While the home’s living area is on par with the street average, its assessed value ranks 30th out of 35 homes on Musgrove Street. This could be due to a variety of factors not detailed in the public data, such as interior condition, specific upgrades, or the municipal assessment model applied to this particular lot and build.
4. What does the “Year Built” ranking tell me?
Built in 1976, this home is newer than most on its street (ranking 4th out of 35). This suggests it may have had fewer previous owners or potentially less need for major foundational updates compared to older homes in the area, though a professional inspection is always recommended.
5. How can I get the exact sale price?
The public data shows a sold price range. Due to industry rules, exact sale prices are not published automatically here. You can request the exact figure by email via the “Request exact figures by email” button on the property page, and the site team will provide it manually.