Property Overview: 175 Magnus Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 175 Magnus Avenue in North Point Douglas presents a distinct value proposition centered on space and affordability. Its key characteristic is a generous 1,440 sqft of living area, which is notably larger than most homes on its street and provides ample room for a growing household, a home office, or creative space. Built in 1913, it is a classic Winnipeg character home with the inherent charm and potential maintenance considerations of its era.
The primary appeal lies in its combination of above-average interior space with a below-average assessed value. This creates an opportunity for buyers seeking maximum square footage for their budget. The lot, while smaller than area averages, is manageable and typical for the central neighbourhood. It last sold between $100k-$150k in mid-2021, aligning with its current assessed value of $115k.
This property would best suit practical, value-conscious buyers such as first-time homeowners willing to put sweat equity into an older home, or investors looking for a rental property with a strong floor-area-to-price ratio. It’s less suited for those seeking a modern, turn-key home or a large outdoor space. A thoughtful perspective is that its lower valuation, while partly due to age and location, also represents a lower property tax burden, which is a significant and often overlooked long-term savings.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Assessed value is based on a mass appraisal system considering factors like location, age, size, and recent area sales. While this home offers great interior space, its older age, specific neighbourhood, and smaller lot size contribute to a valuation significantly below the Winnipeg average, which includes many newer suburban homes.
2. What does the "Top 10%" ranking for Living Area on its street mean?
It means this home's interior square footage is larger than approximately 90% of the 608 comparable properties on Magnus Avenue. This is its standout feature, indicating it provides more indoor space than most of its immediate neighbours.
3. Are the older home's systems (roof, wiring, plumbing) a concern?
Any home built in 1913 will require diligent inspection and likely updates. Prospective buyers must budget for potential repairs or modernizations to heating, electrical, and plumbing systems, which is typical for houses of this vintage and a key factor in its affordability.
4. How reliable are the sold price ranges shown?
The provided sold price range is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email, as explained in the data notes.
5. What is the neighbourhood like, and what amenities are nearby?
North Point Douglas is a central, historic neighbourhood near the Red River. It offers proximity to downtown Winnipeg, the Exchange District, and major routes. As with any urban core area, it's advisable to research the specific location and visit at different times to gauge the community feel and amenities that matter to you.