Property Overview: 70 Musgrove Street, Winnipeg
Key Characteristics & Appeal
This home at 70 Musgrove Street in River West Park is a substantial, well-above-average property for its generous living space and assessed value. Built in 1976, its primary strength is its significant 2,372 sqft of living area, which ranks in the top 4% city-wide and offers considerably more room than typical Winnipeg homes. With an assessed value of $621,000, it sits comfortably above average for its neighborhood, street, and the city, indicating a premium positioning.
The appeal lies in securing a large interior footprint in an established neighborhood, offering space and value that is increasingly rare. While the lot size is slightly smaller than others on Musgrove Street, it remains above the city average, suggesting a balanced property where the square footage is concentrated in the home itself. This property would ideally suit buyers who prioritize spacious interiors over expansive yards, such as growing families needing room or professionals looking for a home with ample space for offices and living. It’s a solid choice for those seeking a established, above-average home in a mature community without the premium for a massive lot.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
The home last sold in August 2020 for between $500,000 and $550,000. Its current assessed value of $621,000 is above the street average of $544,300, ranking 4th highest out of 35 homes on Musgrove Street.
2. Is the lot size a disadvantage?
The land area of 6,849 sqft is smaller than the average lot on Musgrove Street but is still larger than the typical Winnipeg lot. It suggests a property designed with a focus on the home’s interior space rather than extensive outdoor grounds.
3. What does the "Elite" city-wide ranking for living area mean?
Ranking in the top 4% of Winnipeg for living area means this home offers more interior space than 96% of comparable properties in the city. It is a standout feature for its sheer size.
4. Are there similar homes nearby for comparison?
Yes. For example, 46 Musgrove Street (1976, 2,246 sqft, $525k assessed) and 15 Shier Drive (1976, 2,179 sqft, $561k assessed) are nearby properties of a similar vintage and scale, providing useful benchmarks for size and value in the area.
5. How can I verify the exact historical sale price?
The site provides sold price ranges for general reference. To obtain the exact, verified sale figures and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.