Property Overview: 47 Musgrove Street, River West Park, Winnipeg
Key Characteristics & Appeal
This home at 47 Musgrove Street presents a compelling opportunity in Winnipeg's River West Park neighborhood. Built in 1976, the property stands out for its generous scale, offering 2,244 sqft of living space—significantly above both neighborhood and city averages. This size positions it comfortably within the top tier of homes locally, providing ample room for families or those who value spacious interiors.
The appeal is rooted in its strong, above-average positioning across key metrics. With an assessed value of $587k, it sits in the top 20% on its own street and the top 11% within River West Park, suggesting a premium property for the area. The lot size of nearly 8,400 sqft is also substantial, offering valuable outdoor space that is well above the Winnipeg average. Historically, the home last sold in 2019 for between $550k-$600k, a price point that was in the top 11% city-wide at the time.
This property would best suit buyers looking for an established, spacious home in a mature neighborhood. It’s ideal for those prioritizing interior square footage and a larger lot over a newer build. The data suggests it’s a home for someone seeking a long-term residence with proven value retention and a sense of solidity, rather than a renovation project or a brand-new construction.
Frequently Asked Questions
1. How does this home’s value compare to its immediate neighbors?
The assessed value of $587k ranks 7th highest out of 35 comparable homes on Musgrove Street, placing it in the top 20%. This indicates it is a higher-value property on a street of already above-average homes.
2. Is the living space typical for the area?
No, it’s notably larger. With 2,244 sqft, this home’s living area is in the top 14% for the River West Park neighborhood and the top 6% city-wide for comparable properties, offering more space than most.
3. What can the 2019 sale price tell me?
The prior sale in the $550k-$600k range was in the top 11% of Winnipeg sale prices at the time, confirming a history of commanding a premium. This context is useful for understanding the home’s market position.
4. How does the lot size compare?
The 8,394 sqft lot is above average for Winnipeg (top 10%) and the neighborhood, but is more typical for Musgrove Street itself. It offers substantial outdoor space by city standards.
5. Where can I find verified, exact historical sale prices?
The site notes that exact MLS sold records are not displayed due to industry rules. You can request the full transaction history and exact figures via email from the provider, who will manually look up and send the information.