Property Summary: 190 Magnus Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This property is a compact, historic home in North Point Douglas, built in 1900. Its key characteristic is its position as an entry-point opportunity within the Winnipeg market. With a living area of 693 sq ft and an assessed value of $112k, it sits significantly below city-wide averages for both size and price. The lot size is also notably smaller than most in the area.
Its primary appeal lies in its affordability and potential. It represents one of the lowest-priced entry points into homeownership in the city, which could suit first-time buyers, investors looking for a rental property, or those seeking a minimalist footprint. The century-old charm offers character, though it implies a need for potential updates and maintenance. A thoughtful perspective is that its smaller lot and home size translate to lower property taxes and potentially reduced utility costs, aligning with a efficient, budget-conscious lifestyle. This property would best suit a handy buyer or investor comfortable with a project, or someone prioritizing financial accessibility over space.
Section 2: Frequently Asked Questions
1. What does the "Top 99%" ranking for Assessed Value city-wide mean?
This means the property's assessed value is in the bottom 1% of all homes in Winnipeg, highlighting its exceptional affordability compared to the overall market.
2. Given its age, what should I consider?
Built in 1900, this home is among the oldest in its immediate area. Prospective buyers should prioritize a thorough inspection to understand the condition of foundational elements, plumbing, electrical systems, and the roof, and budget for potential updates.
3. How does the small lot size impact the property?
The land area is 1,602 sq ft, which is smaller than most neighbouring lots. This means minimal exterior maintenance but also limited private outdoor space and potential for expansion.
4. The data shows a sale between 2016-2025 for "CA$50k–100k." Can I get the exact price?
The exact sale price is not publicly displayed due to data source rules. You can request the verified sale history by email through the provided link on the original listing page.
5. Is the assessed value the same as the market value or sale price?
No. The assessed value ($112k) is for municipal tax purposes. The market value and eventual sale price are determined by current market conditions, buyer demand, and the property's specific state.