120 Malmsbury Avenue

River Park South, Winnipeg

Property score

80.9

Excellent

Overall 80.9 · Larger than most nearby homes

1,634 sqft (top 30%) · Built in 1984 (6 yrs older than avg)

Located in a high-income area with median household income of ~94k

Transit 64.0 · 5-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 1 fuel station, and 2 place of worships nearby

Living Area

Above average

16% larger than neighborhood avg.

Year Built

Near average

6 yrs older than neighborhood avg.

Mother tongue

English · 63%French · 9%

Past 10 years River Park South sales snapshot (~80% of all data)

Sold Count

1,302

Median price

451k

$/sqft

$355/sqft

Avg build year

1990

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Property score

80.9 is composed by the two sections below.

Property Score

80.4Excellent
Living Area1,634 sqft83Excellent
Year Built198473Good
Lot Size6,166 sqft81Excellent
Neighbourhood Sales Activity76Good

Community Score

81.6Excellent
Household Income82Excellent
Education Level82Excellent
Housing Stress74Good
Core Housing Need100Excellent
Employment Health68Good

Neighbourhood Sales

River Park South

How to read: Share of sales in each ~$50k price band for “river park south” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

1,196

sold

1,852

new listings

Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba

Sold Above Asking

65%

Majority sold above asking

68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026

With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110500

Community deep dive

$94K

Median household income

$104K

Average household income

9%

Low income (LIM-AT)

0.3

Income inequality (Gini)

3.2

P90 / P10 ratio

25%

Single-person households

29%

Families with children

Population, labour & age

Population (2021)928
Labour force participation rate66%
Median age38.0
Avg household size2.5
Unemployment rate7%
Population density4034 / km²

Households & income

Low income (LIM-AT, % pop.)9%
Single-person households25%
Couple families with children29%
Median household income (2020)$94K

Housing

Renter households21%
Condominium dwellings16%
Median dwelling value (owners)$356K

Diversity, education & language

Immigrants (share of pop.)14%
Visible minority20%
Bachelor's or higher (25–64)45%
Mother tongue (1st)English · 63%
Mother tongue (2nd)French · 9%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

above average
1,634 sqft
0255075100
Same streetTop 24%Same areaTop 30%CitywideTop 24%
Same street · Malmsbury Avenue
#16 / 67
Top 24% · Avg 1,360 sqft
Same area · River Park South
#1,076 / 3,617
Top 30% · Avg 1,410 sqft
Citywide · Winnipeg
#46,011 / 194,458
Top 24% · Avg 1,342 sqft

Tax-Assessed Value

around average
423k
0255075100
Same streetTop 40%Same areaBottom 49%CitywideTop 33%
Same street · Malmsbury Avenue
#27 / 67
Top 40% · Avg 420k
Same area · River Park South
#1,829 / 3,617
Bottom 49% · Avg 447.2k
Citywide · Winnipeg
#64,667 / 194,458
Top 33% · Avg 390.1k

Year Built

above average
1984
0255075100
Same streetTop 21%Same areaBottom 43%CitywideTop 30%

Lot Size

above average
6,166 sqft
0255075100
Same streetTop 15%Same areaTop 21%CitywideTop 27%

To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

120 Malmsbury Avenue — 5 amenities found within 500 m, across 4 categories, including 1 dining (nearest 403 m), 1 education (nearest 297 m).

Search radius
🍽️Dining1
🏫Education1
Fuel Stations1
Worship2

Crime & Safety

River Park South · WPS public data · 2026

Annual incidents

25

2026

vs. city avg

-15%

relative to avg

Year-over-year

-90%

vs. prior year

Primary type

Property

64%

Sales History

Sold 6/2021CA$400k–450k
Sold price

Same street

Top 33%

Same area

Top 42%

City-wide

Top 32%

Related homes

Highlights & common questions: 120 Malmsbury Avenue, Winnipeg

Property Overview: 120 Malmsbury Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated River Park South home presents a solid, above-average offering in several key areas. Built in 1984, it is newer than most Winnipeg homes and is typical for its immediate street. Its primary appeal lies in its balanced and spacious footprint: the 1,634 sqft living area is notably larger than most comparable homes on its street, in the neighborhood, and across the city. This is complemented by a generous 6,166 sqft lot, which ranks in the top 15% on Malmsbury Avenue, offering more outdoor space than many neighboring properties.

The home’s assessed value of $423k is consistently around the average for its immediate area, suggesting it is priced in line with market expectations without significant premium or discount. This creates a value proposition centered on space—both indoors and on the lot—within a established, mature neighborhood. It would suit practical buyers looking for a roomy family home without venturing into premium-priced territory, or those who prioritize a larger yard in a community where lot sizes can vary. A thoughtful perspective is that its consistent "above average" size rankings, paired with an "around average" value, could indicate a efficient use of the assessed dollar per square foot relative to peers.

Section 2: Frequently Asked Questions

1. How does this home’s size truly compare to others nearby?
The living area is larger than approximately 75% of similar homes on its own street and in Winnipeg overall. Its lot size is even more standout on Malmsbury Avenue, being larger than about 85% of its neighbors.

2. Is the assessed value a good indicator of its market price?
The assessed value is very close to the street average and recent sold prices on the street fall in the $400k-$450k range. It serves as a reliable baseline, but market conditions, property condition, and updates will determine the final sale price.

3. What does the year built (1984) mean for a potential buyer?
Homes from this era in Winnipeg often feature modern floorplans and infrastructure. While major components like the roof or furnace may be due for replacement given the age, the data shows this home is typical for the well-established street.

4. Are there recent sales history details available?
The provided data indicates a sale occurred in June 2021 within a $400k-$450k range. For fully verified and exact historical sold prices, you must request a manual lookup from the site via email, as they do not publish MLS records.

5. How does the property balance indoor and outdoor space?
The data suggests a strong balance. You get a home with more interior space than most peers, on a lot that is significantly larger than others on the same street. This is less common than finding just one of those features.

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