Property score
86.8
Excellent
Overall 86.8 · Larger and newer than most nearby homes
2,101 sqft (top 21%) · Built in 1980 (4 yrs newer than avg)
Located in a high-income area with median household income of ~168k
Transit 66.0 · 12-min walk to transit with 4 nearby routes · Within 500m: 1 school, 5 parks, and 1 place of worship nearby
Living Area
Above average
25% larger than neighborhood avg.
Year Built
Above average
4 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
54 Musgrove Street — 7 amenities found within 500 m, across 3 categories, including 1 education (nearest 452 m), 5 parks (nearest 321 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 | Bottom 10% | Bottom 31% | Top 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 54 Musgrove Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 54 Musgrove Street in River West Park presents a compelling mix of space, modernity, and value within its context. Its key appeal lies in its above-average living space (2,101 sq ft) compared to both the neighborhood and the city, offering more room than most Winnipeg homes. Built in 1980, it is notably newer than most direct neighbors, potentially suggesting updated building materials and systems. The lot size is generous by city-wide standards, providing ample outdoor space.
The property’s assessed value of $509k sits slightly below the street average but above the city average, positioning it as a relatively spacious and modern home within its immediate area without the premium price tag of some neighbors. It would suit buyers looking for a well-sized family home in an established neighborhood who value a more recent build year. A thoughtful perspective is that this home offers a "best-in-class" feature (its newer construction) on its street, which may appeal to those wanting a balance of mature community charm with less concern over immediate age-related renovations.
Section 2: Frequently Asked Questions
1. How does this home’s size really compare?
At 2,101 sq ft, the living area is larger than approximately 92% of comparable homes across Winnipeg and is above the neighborhood average, making it a spacious option in a broad context.
2. Is the assessed value a good indicator of the market price?
The assessed value is for municipal taxation and is a starting point. Notably, this home’s assessed value is below the average for Musgrove Street itself, which could indicate a potential value opportunity relative to its direct neighbors, but a professional market appraisal is essential.
3. What does the "newer" 1980 build year mean practically?
Being one of the newest homes on the street (ranked #1 out of 35) often implies potentially newer major components like wiring, plumbing, or windows compared to neighboring houses built in the mid-1970s, which may reduce near-term replacement costs.
4. What is known about past sale prices?
Records show a sale between $350k-$400k in February 2016. For fully verified and exact historical transaction data, you must request a manual lookup via email, as this site does not display MLS sold records.
5. How does the lot size impact potential?
The 7,690 sq ft lot is above the Winnipeg average, offering good outdoor space. It is slightly smaller than the immediate street and neighborhood average, so it’s spacious overall but not an outlier for the area.
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