Property Overview: 974 Magnus Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Burrows Central presents a compelling opportunity centered on space and value. Built in 1949, it is notably newer than many homes in the immediate area and on its street. Its primary standout feature is the generous living area of 1,582 sq ft, which ranks within the top 3% of homes in the neighbourhood, offering significantly more interior space than local averages. The property sits on a 4,357 sq ft lot, which is also above average for the area, providing ample outdoor space. It includes a detached garage and an unrenovated basement.
The appeal lies in its rarity as a larger-format home in this market segment, offering room to grow or adapt without the premium price tag of newer subdivisions. It suits practical buyers looking for a house with good bones and more square footage than is typically available at this price point—ideal for families, multi-generational arrangements, or those who value space for hobbies or future renovations. The above-average lot size adds long-term value and potential. A thoughtful perspective is that while the assessed value is modest citywide, the home’s metrics are strong within its local context, suggesting it may represent a value-conscious entry into a well-sized property without the inflated land costs seen in other city sectors.
Frequently Asked Questions
1. How does the home’s size compare to nearby properties?
The living space is a key advantage. At 1,582 sq ft, it is substantially larger than both the neighbourhood average (~962 sq ft) and the average for Magnus Avenue (~1,017 sq ft), placing it in the elite tier locally for interior space.
2. What is the condition of the basement?
The listing specifies the basement exists but is "not renovated." Buyers should budget for potential updates and investigate its current state, layout, and suitability for storage or future development during a viewing.
3. Is the sale price consistent with the area?
The last recorded sale was in December 2019 for $220,000, which was above average for both the street and the Burrows Central neighbourhood at that time. This likely reflects the premium for the home’s larger size and newer construction date relative to its peers.
4. What are the implications of the lot size?
At 4,357 sq ft, the lot is larger than approximately 83% of properties in Burrows Central. This offers more private outdoor space than typical and could provide future flexibility for additions, landscaping, or other outdoor uses, subject to local zoning.
5. How does the year built affect this home?
Built in 1949, the home is newer than about 75% of homes on Magnus Avenue and 79% in Burrows Central. This can suggest potentially newer core components (like wiring or plumbing) compared to many early 1900s homes in the area, though a thorough inspection is still essential.