Property Overview: 176 Malmsbury Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Malmsbury Avenue in River Park South presents a practical and straightforward offering. Built in 1984, its construction date is notably newer than many Winnipeg homes, potentially suggesting fewer concerns with aging infrastructure common in older builds. With 1,113 sqft of living space, the house is squarely in the average range for its street, neighborhood, and city, offering a comfortable size for a small family, couple, or first-time buyer.
The primary appeal lies in its value positioning. The assessed value of $406k is above the Winnipeg average but slightly below the averages for its immediate street and neighborhood. This could indicate a relative value opportunity within the desirable River Park South area. The lot size, at 4,397 sqft, is smaller than most on the street, which translates to less yard maintenance—a plus for those seeking a manageable outdoor space.
This property would best suit buyers looking for a move-in ready home in an established neighborhood without requiring extensive updates. It’s a sensible choice for value-conscious purchasers who prioritize a newer build year within a mature community and prefer a lower-maintenance yard.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold between $300k-$350k in April 2017. Current assessed value is $406k. This assessment is slightly below the street’s average of $420k, which may reflect its smaller lot size. For exact, verified sale prices of comparable nearby homes, a manual lookup is required.
2. Is the smaller lot size a significant drawback?
It depends on your lifestyle. The lot is smaller than most on Malmsbury Avenue, which limits expansive gardening or large outdoor structures. However, it also means less time and cost spent on lawn care and landscaping, which can be a benefit for busy households.
3. What does the "newer" build year (1984) actually mean for me?
While still a 40-year-old home, it is newer than the typical Winnipeg home (average build year ~1966). This often correlates with updated electrical standards, more modern floorplans, and materials that may have a longer remaining lifespan before major replacements are needed, compared to much older stock.
4. The assessment is above the city average but below the neighborhood average. What does that signal?
This typically indicates you are buying into a solid, above-average city neighborhood (River Park South), but this specific property may be priced more accessibly within it. It suggests you might get more neighborhood amenities and stability for your dollar compared to a home at the city-wide average price point.
5. How can I get the most accurate picture of its market price?
The provided data is a useful starting point for comparison. For a precise understanding, you should request the exact sold price history for this and comparable homes via manual lookup, as publicly displayed figures are presented in broad ranges and are not sourced from the MLS.