Property Overview: 139 Malmsbury Avenue, River Park South, Winnipeg

Section 1: Key Characteristics & Appeal

This well-established home on Malmsbury Avenue presents a solid, middle-ground option in Winnipeg’s River Park South neighborhood. Built in 1984, its 1,320 sqft living area is consistently average for its street, neighborhood, and city, indicating a comfortable, standard family layout. The standout characteristic is its assessed value of $467k, which ranks in the top 10% on its own street and above average city-wide, suggesting the property is perceived as holding greater value than many direct comparables.

The appeal lies in its position as a stable, known quantity in a mature neighborhood. It’s not the largest or newest home on the block, but its value assessment hints at desirable attributes not captured in raw square footage—possibly including upgrades, a premium lot location, or exceptional upkeep. The lot size of 4,937 sqft is typical for the area, offering standard outdoor space.

This property would suit pragmatic buyers looking for a home in a settled community without major surprises. It’s ideal for someone who values a fair market price supported by strong assessed value, rather than chasing maximum square footage. It would also appeal to buyers who see potential in a home that already commands a higher valuation than its peers, interpreting it as a sign of inherent quality or future resale strength.

Section 2: Frequently Asked Questions

1. Why is the assessed value so high compared to the home’s size and age?
The assessed value is significantly above the street average. This typically reflects factors like recent renovations, high-quality finishes, a favorable lot, or superior condition that municipal assessment models recognize as adding value beyond basic dimensions and age.

2. How reliable are the sold price ranges shown?
The listed price ranges (e.g., CA$400k–450k) are based on publicly available data, not the MLS. For exact, verified sale figures, you must request a manual lookup from the site via email, as industry rules prevent displaying full MLS records here.

3. Is the living space considered small for the area?
No. At 1,320 sqft, it is directly in line with the neighborhood average (1,410 sqft) and slightly above the city average for comparable homes. It represents a typical size for this community.

4. What does the “Top 10%” ranking for assessed value on the street mean?
It means that out of 67 comparable homes on Malmsbury Avenue, only 6 have a higher assessed value. This places the property in the most valuable tier on its own street, according to municipal assessment.

5. The home was last sold in 2023. What context is there for that sale?
It sold between $400k and $450k in late 2023, a price that placed it in the top 19% of sales on its street at that time. This recent sale supports the current high assessed value and indicates strong market recognition.