Property Overview: 71 Musgrove Street, Winnipeg

Key Characteristics & Appeal

This 1976 home in River West Park presents a compelling mix of space, value, and location. At 1,749 sqft, its living area is notably above the Winnipeg average, offering more room than most city homes, while its nearly 8,906 sqft lot provides generous outdoor space. The property’s standout feature is its assessed value of $648k, which places it in the top 5% city-wide, indicating a premium valuation relative to the market. This suggests strong intrinsic value, whether due to the lot, condition, or location.

Its appeal lies in this above-average positioning. It’s a home that feels spacious compared to the broader city, set on a large lot in a neighborhood of similar, well-established properties. The sales history shows consistent, high-tier sale prices, pointing to stable demand. It would suit a buyer looking for a solid, spacious family home in a mature neighborhood, who values a property that holds a premium standing in city-wide metrics. It’s particularly suited for those who prioritize lot size and long-term value over having the newest or largest house on the immediate street.

Frequently Asked Questions

1. How does this home’s size compare to its neighbors?
While the living area is above the city and neighborhood averages, it is slightly below the average for Musgrove Street itself. This means you get a spacious home overall, but some immediate neighbors may have larger floor plans.

2. What does the high assessed value indicate?
An assessed value in the top 5% city-wide signals that the property is considered a high-value asset for tax purposes. It often reflects a combination of lot size, location, and property condition. It’s a marker of premium status compared to the Winnipeg market as a whole.

3. Is the lot size a significant feature?
Yes. The lot is over 8,900 sqft, which is larger than 91% of comparable city lots. This offers substantial outdoor space, potential for gardening, expansion, or privacy—a key asset in a mature neighborhood.

4. What can past sale prices tell us?
The home has sold within the $550k-$600k range in its last two transactions, consistently placing it in the top 15-20% for the area. This pattern indicates sustained market recognition of its value over recent years.

5. How can I verify the exact historical sale prices?
The provided data shows estimated price ranges. Due to industry regulations, exact sale figures are not published online here. You can request the verified, exact sales history by email, which will be provided manually without obligation.