Property Overview: 62 Malmsbury Avenue, Winnipeg
Key Characteristics & Appeal
This well-situated home in River Park South presents a solid, above-average offering for its street and the wider city. Built in 1984, it features 1,656 sqft of living space, which is notably larger than the average home on its street, in the neighborhood, and across Winnipeg. The lot size of 5,491 sqft is consistent with the local area. Its assessed value of $460k positions it above average for the street and city, suggesting a perception of quality and desirability relative to its peers.
The primary appeal lies in its established, proportional size. It’s not the largest or newest on the block, but it consistently outperforms benchmarks, indicating a property that likely offers good space and value within a mature community. It would suit buyers looking for a move-in ready home in a settled neighborhood, who prioritize more interior space over a massive yard, and who appreciate a home that holds its value well compared to immediate neighbors. The data suggests it’s a prudent choice for someone seeking a balanced, low-drama property that avoids the extremes of being the most expensive or the smallest on the street.
Frequently Asked Questions
1. How does this home’s size truly compare to others nearby?
The living area of 1,656 sqft ranks in the top 19% on Malmsbury Avenue itself and the top 23% city-wide, meaning it offers more interior space than most comparable homes in these scopes.
2. Is the assessed value of $460k reasonable for this area?
The assessment is above the street average of $420k and the city average of $390.1k, but is close to the neighborhood average of $447.2k. This indicates the city assessor views it as a higher-value home on its specific street, aligning with its larger living area.
3. When was it last sold, and for how much?
Public records indicate a sale between September 2020, with a price in the range of $350,000 to $400,000. For verified, exact historical sale figures, a manual lookup can be requested from the site.
4. What is the typical home like in this immediate area?
Homes on Malmsbury Avenue were predominantly built around 1984, with an average living area of 1,360 sqft and an average assessed value of $420k. This property exceeds both those averages.
5. How does the lot size compare?
At 5,491 sqft, the lot is slightly larger than the street average but is generally in line with the neighborhood. It is, however, smaller than the city-wide average lot for comparable homes.