148 Malmsbury Avenue

Property Overview: 148 Malmsbury Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 148 Malmsbury Avenue in River Park South is a study in solid, middle-of-the-road metrics with one standout feature. Built in 1985, its construction year is the newest on its street, offering a slight advantage in terms of potentially newer building materials and systems compared to its immediate neighbors. With 1,120 sqft of living space and an assessed value of $427k, it consistently ranks as "around average" in size and value within its neighborhood and across Winnipeg. The lot size is somewhat smaller than others on the street, which could mean less yard maintenance but also less private outdoor space.

The appeal here is grounded in predictability and stability. It represents a typical, well-established home in a mature Winnipeg neighborhood without extreme highs or lows in its profile. It would suit first-time buyers or downsizers looking for a straightforward, move-in-ready property in a settled area, without the premium price of a newer subdivision or the renovation demands of an older character home. A thoughtful perspective is that its consistent "average" rankings might indicate resilience in market fluctuations, acting as a steady anchor rather than a high-growth speculation.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($427k) is for municipal tax purposes and is a starting point. The last known sale was between $300k-$350k in early 2020. Current market conditions, the home's interior condition, and buyer demand will ultimately determine the selling price.

2. How does the smaller lot size impact the property?
At 4,681 sqft, the lot is below the street average. This typically means a smaller backyard, which could be a drawback for those wanting extensive outdoor space or gardening, but an advantage for buyers seeking lower maintenance.

3. What does it mean that the year built is "Elite" on this street?
Being built in 1985 makes it the newest home among the 67 comparable properties on Malmsbury Avenue. This suggests it might have younger major components (like roofing or windows) than many direct neighbors, potentially deferring some near-term replacement costs.

4. Are sold prices for nearby homes available?
Exact sold prices are not publicly displayed here due to industry rules. The site provides approximate sold price ranges for some properties and offers to manually provide exact figures via email upon request.

5. The living area is ranked "around average." Is that sufficient space for a family?
At 1,120 sqft, it aligns with typical sizes for the area. This is generally suitable for a small to medium-sized family, but buyers should carefully consider their specific space needs, as storage and room sizes may be more modest compared to newer, open-concept builds.