Property score
60.6
Fair
Overall 60.6 · Smaller than most nearby homes
888 sqft (bottom 9%) · Built in 1984 (6 yrs older than avg)
Located in a high-income area with median household income of ~94k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 school, 1 park, and 1 fuel station nearby
Living Area
Below average
37% smaller 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)
1,302
451k
$355/sqft
1990
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60.6 is composed by the two sections below.
Property Score
Community Score
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.
Sales-to-New-Listings
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
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.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110500
$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
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
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.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
87 Malmsbury Avenue — 6 amenities found within 500 m, across 5 categories, including 1 dining (nearest 333 m), 1 education (nearest 207 m), 1 parks (nearest 409 m).
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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 14% | Bottom 39% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 87 Malmsbury Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1984-built home in River Park South presents a practical entry point into a well-established neighborhood. At 888 square feet, it is notably more compact than most homes on its street and in the wider area, which is its defining characteristic. This smaller scale is reflected in its assessed value of $386k, which sits below the street and neighborhood averages but aligns closely with the Winnipeg-wide average.
The appeal here is one of efficiency and opportunity. The lot size is typical for the area, offering standard outdoor space. For the right buyer, the smaller living area translates to lower utility costs, less maintenance, and a more manageable footprint. This property would suit first-time homebuyers seeking affordability in a mature community, downsizers looking to right-size without leaving the area, or investors considering a rental property. It’s a home that prioritizes location and lot over interior square footage, offering a chance to enter the market and potentially add value through updates or an expansion over time.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 888 sqft, it is significantly smaller than the average home on the street (~1,360 sqft). This makes it efficient and affordable to maintain but requires thoughtful use of space. It's ideal for individuals, couples, or small families comfortable with a cozy layout.
2. How does the assessed value compare?
The $386k assessment is below average for Malmsbury Avenue and River Park South. However, it is very close to the city-wide average, suggesting you are paying a "Winnipeg-average" price for a below-average-sized home in an above-average neighborhood.
3. What does the 1984 build year mean for maintenance?
Built in 1984, the home is newer than many in Winnipeg. While major systems like roof, windows, and furnace may be nearing or past their typical lifespan, this also means the core structure benefits from modern building standards compared to much older city homes.
4. Are there comparable recent sales?
The home last sold in July 2017 for between $300k-$350k. Direct, recent sales data for this specific property is not publicly displayed here due to industry rules, but exact figures can be requested from the site via email.
5. What is the potential for future value?
The value proposition is based on the land and location in River Park South. The smaller home size on a standard lot could present a future opportunity for expansion or renovation (subject to permits), allowing a buyer to increase the living area in a desirable neighborhood.
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