Property Overview: 901 Magnus Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1928, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in its proportion: while situated on a modest, below-average-sized lot for the area, the house itself offers above-average living space (1,140 sqft) compared to its immediate neighbours. This suggests a home that makes efficient use of its footprint. A recently renovated basement adds modern, functional space, and the property includes a detached garage.
The home suits value-conscious buyers, such as first-time homeowners or practical investors, who prioritize interior living space over extensive yard maintenance. Its assessed value is consistently average for its street and neighbourhood, indicating stability rather than outlier status. A thoughtful perspective is that this property represents a "middle ground" in its community—not the newest or largest lot, but offering more interior room than many nearby homes, which could appeal to those seeking a balance of affordability and practical space in an established area.
Frequently Asked Questions
1. How does the lot size compare to others?
The land area is 2,463 sqft, which is below the average for both Magnus Avenue and the broader Burrows Central neighbourhood. This means smaller outdoor maintenance but less private yard space than many surrounding properties.
2. Is the living space larger than typical homes nearby?
Yes. With 1,140 sqft of living area, it ranks above average for both its street and neighbourhood, meaning you likely get more interior space here than in many comparable local homes.
3. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the extent or finish. This is a key detail to clarify with the listing agent regarding the quality, permitted status, and nature of the renovation (e.g., finished living space, modern utilities).
4. How does the home's age affect its value?
Built in 1928, its age is typical for the area. The average build year on Magnus Avenue is 1937, so this home is of a similar vintage to its peers, suggesting common considerations for older homes (potential for original features, need for updates) are par for the course in this location.
5. How stable is the property's assessed value?
The assessed value of $17,600 is very close to the average for both Magnus Avenue and Burrows Central, indicating it is not an unusually high or low outlier in the current market context. This can suggest a stable, predictable valuation within its community.