Property Overview: 167 Magnus Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 167 Magnus Avenue in North Point Douglas presents a distinct profile defined by its historical roots and practical space. Built in 1903, it is notably older than most homes in Winnipeg, which may appeal to those interested in character homes, though it implies a need for diligent maintenance and potential updates. Its primary strength is its generous living area of 1,329 sq ft, which is well above average for its immediate street and provides ample interior space relative to many neighbouring properties.
The appeal lies in its value proposition: a larger-than-typical home for the area at an assessed value ($170K) that is significantly below the Winnipeg city average. This creates an opportunity for buyers seeking space without a premium price tag, particularly those willing to invest in an older home. The lot, while smaller than area averages, is a manageable size.
This property would best suit practical, value-oriented buyers such as hands-on renovators, investors looking for a rental property with strong square footage, or first-time homeowners who prioritize interior space over a large yard or a newer build. It’s less suited for those seeking a modern, turn-key home or a large outdoor space.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about the potential purchase price?
The assessed value of $170K is for municipal tax purposes and is not a market price. Notably, it is much lower than the city-wide average assessed value, suggesting the home is in a more affordable area. The last sold price (2021) was in the $200K-$250K range, which is a more relevant, though dated, benchmark for potential market value.
2. How significant is the age of this home (1903)?
Very significant. Being 123 years old places it among the oldest percentile of homes in the city. This often means character but also necessitates thorough inspections for foundational integrity, outdated plumbing/wiring, and energy efficiency. It’s a key factor in its below-average city-wide assessment.
3. The living area is large for the street, but the lot is small. What does this mean?
It indicates a home that utilizes its lot efficiently, offering more interior space than neighbouring properties but with less yard. This is a trade-off: ideal if you want more house and less maintenance, but not if garden space or outdoor privacy is a top priority.
4. How does this property compare to others in North Point Douglas?
Within the neighbourhood, it’s a mix: the living area is about average, the assessed value is slightly above average, and the lot size is below average. It sits as a fairly typical home for North Point Douglas in many respects, but stands out on its own street for offering more interior space.
5. Can I get the exact historical sold prices?
According to the site data, exact sold prices are not displayed publicly due to industry rules. The provided sold price range is based on public data. You must request the exact figures via email from the site provider for a manually verified history.