Property Overview: 152 Malmsbury Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Malmsbury Avenue in River Park South is a practical, entry-level property built in 1984. With 1,000 sqft of living space, it is notably more compact than most homes on its street and in the wider neighborhood, placing it in the bottom quarter for size locally. The lot size is also slightly below the street average. However, its assessed value of $408k is firmly around the average for the area, suggesting the value is anchored in the established neighborhood rather than the home's scale.
The primary appeal lies in its position within a stable, mature community. It represents a more affordable access point into a neighborhood where many homes are larger and more expensive. For buyers, this means a lower barrier to entry with the potential to add value through updates over time. It would suit first-time buyers, downsizers seeking a manageable space without leaving the area, or investors looking for a straightforward rental property in a dependable family-oriented suburb. A thoughtful perspective is that a smaller, efficiently designed home can mean lower utility costs and less maintenance, offering a simpler lifestyle without sacrificing location.
Section 2: Frequently Asked Questions
1. Is the home’s below-average size a concern?
While the living area is smaller than many neighboring homes, it reflects the property's positioning as a more affordable option in the area. For the right household, it offers efficient living in a desirable location.
2. How does the assessed value compare to recent sale prices?
The home last sold between $350k-$400k in late 2021. Its current assessed value of $408k is slightly higher, aligning with broader market averages for the neighborhood. For exact historical sale figures, a manual lookup can be requested.
3. What does the "Above Average" year built ranking mean?
Built in 1984, the home is newer than many comparable properties across Winnipeg and is typical for its street. This generally suggests construction methods and major systems (like wiring) may be more modern than in older city-wide stock.
4. Are the property taxes likely to be high?
With an assessed value that is around the neighborhood average, the property taxes should be reasonably in line with other homes in River Park South, not exceptionally high or low.
5. What are the immediate neighboring properties like?
The direct neighbors on Malmsbury Avenue are very close, with homes as near as 15 meters. The nearby comparable listings suggest a consistent streetscape of well-maintained, family homes from the early 1980s, indicating a settled, uniform community feel.