Property Overview: 54 Musgrove Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 54 Musgrove Street in River West Park presents a compelling mix of space, modernity, and value within its context. Its key appeal lies in its above-average living space (2,101 sq ft) compared to both the neighborhood and the city, offering more room than most Winnipeg homes. Built in 1980, it is notably newer than most direct neighbors, potentially suggesting updated building materials and systems. The lot size is generous by city-wide standards, providing ample outdoor space.
The property’s assessed value of $509k sits slightly below the street average but above the city average, positioning it as a relatively spacious and modern home within its immediate area without the premium price tag of some neighbors. It would suit buyers looking for a well-sized family home in an established neighborhood who value a more recent build year. A thoughtful perspective is that this home offers a "best-in-class" feature (its newer construction) on its street, which may appeal to those wanting a balance of mature community charm with less concern over immediate age-related renovations.
Section 2: Frequently Asked Questions
1. How does this home’s size really compare?
At 2,101 sq ft, the living area is larger than approximately 92% of comparable homes across Winnipeg and is above the neighborhood average, making it a spacious option in a broad context.
2. Is the assessed value a good indicator of the market price?
The assessed value is for municipal taxation and is a starting point. Notably, this home’s assessed value is below the average for Musgrove Street itself, which could indicate a potential value opportunity relative to its direct neighbors, but a professional market appraisal is essential.
3. What does the "newer" 1980 build year mean practically?
Being one of the newest homes on the street (ranked #1 out of 35) often implies potentially newer major components like wiring, plumbing, or windows compared to neighboring houses built in the mid-1970s, which may reduce near-term replacement costs.
4. What is known about past sale prices?
Records show a sale between $350k-$400k in February 2016. For fully verified and exact historical transaction data, you must request a manual lookup via email, as this site does not display MLS sold records.
5. How does the lot size impact potential?
The 7,690 sq ft lot is above the Winnipeg average, offering good outdoor space. It is slightly smaller than the immediate street and neighborhood average, so it’s spacious overall but not an outlier for the area.