Property score
86.8
Excellent
Overall 86.8 · Larger and newer than most nearby homes
2,162 sqft (top 17%) · Built in 1976
Located in a high-income area with median household income of ~168k
Transit 66.0 · 11-min walk to transit with 4 nearby routes · Within 500m: 2 schools, 5 parks, and 1 place of worship nearby
Living Area
Above average
29% larger than neighborhood avg.
Year Built
Above average
0 yrs newer than neighborhood avg.
Mother tongue
English · 92%French · 1%
Past 10 years River West Park sales snapshot (~80% of all data)
162
489.9k
$333/sqft
1976
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86.8 is composed by the two sections below.
Property Score
Community Score
River West Park
How to read: Share of sales in each ~$50k price band for “river west park” (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: #46111089
$168K
Median household income
$190K
Average household income
4%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.0
P90 / P10 ratio
7%
Single-person households
47%
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
50 Musgrove Street — 8 amenities found within 500 m, across 3 categories, including 2 education (nearest 471 m), 5 parks (nearest 336 m).
River West Park · WPS public data · 2025
Annual incidents
25
2025
vs. city avg
-15%
relative to avg
Year-over-year
▲ +4%
vs. prior year
Primary type
Property
68%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 10% | Top 7% | Top 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 50 Musgrove Street, River West Park, Winnipeg
Section 1: Key Characteristics & Appeal
This 1976-built home in River West Park offers a compelling blend of space, location, and value. Its primary appeal lies in its generous 2,162 sqft living area, which ranks well above average for both the neighborhood and the city, providing substantial room for families or those who value spacious interiors. The lot size of 7,690 sqft is also comfortably above the Winnipeg average, offering good outdoor potential.
A thoughtful perspective on this property is its position as a relative value within its immediate street. While the home is spacious, its assessed value is below the average for Musgrove Street itself. This suggests it may present an opportunity for buyers seeking a larger home in a established area without the premium price tag of some direct neighbors. The recent sale price indicates strong market demand, placing it in the top tier of sales city-wide.
This home would suit practical buyers looking for established-character family homes in a mature neighborhood. It’s ideal for those who prioritize interior and yard space over a brand-new build, and for value-conscious purchasers who recognize that a below-average assessment on a desirable street can be a strategic advantage.
Section 2: Frequently Asked Questions
1. How does the home’s assessed value compare to its recent sale price?
The property was assessed at $497k, but sold for between $650k-$700k in July 2024. This significant difference is common and reflects that assessed value (for municipal tax purposes) often lags behind current market value, which is determined by buyer demand.
2. Is the living space larger than most homes in Winnipeg?
Yes. At 2,162 sqft, the living area ranks in the top 7% city-wide, making it substantially larger than the Winnipeg average of 1,342 sqft for comparable homes.
3. Why is the assessed value below average for the street?
While the home’s living area is on par with the street average, its assessed value ranks 30th out of 35 homes on Musgrove Street. This could be due to a variety of factors not detailed in the public data, such as interior condition, specific upgrades, or the municipal assessment model applied to this particular lot and build.
4. What does the “Year Built” ranking tell me?
Built in 1976, this home is newer than most on its street (ranking 4th out of 35). This suggests it may have had fewer previous owners or potentially less need for major foundational updates compared to older homes in the area, though a professional inspection is always recommended.
5. How can I get the exact sale price?
The public data shows a sold price range. Due to industry rules, exact sale prices are not published automatically here. You can request the exact figure by email via the “Request exact figures by email” button on the property page, and the site team will provide it manually.
