Property Overview: 263 Magnus Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This home on Magnus Avenue presents a distinct value proposition centered on space and price. Its most notable feature is its generous 1,828 sqft living area, which ranks in the top 3% on its own street and top 6% within the William Whyte neighborhood, offering significantly more interior room than most local comparables. This is paired with a relatively low assessed value of $125k, which is below the street average but aligns more closely with the neighborhood norm.
The appeal lies in this specific combination: acquiring above-average square footage for the area at a below-average price point for the city. It suits practical buyers looking for maximum space per dollar, such as multi-generational families, those needing a home office or workshop, or investors seeking a rental property with multiple rooms. A thoughtful perspective is that its 1907 build date, while older than most, suggests classic construction and potential for character not found in newer builds, though it implies a need for thorough inspection. The lot size is modest, indicating lower maintenance but limited outdoor space.
Frequently Asked Questions
1. Why is the assessed value relatively low compared to the living area?
The assessed value is influenced by broader factors including the home’s age, condition, specific location within the city, and recent market activity in William Whyte. A larger, older home in this area can often have a lower assessment than a smaller, newer one in other city districts.
2. What does the 1907 build year mean for maintenance?
Homes from this era often feature solid construction but require diligent upkeep. Prospective buyers should budget for potential updates to major aging systems like plumbing, electrical, or the roof, and prioritize a comprehensive home inspection.
3. How does the property’s value compare to nearby homes?
The home’s assessed value is below the average for Magnus Avenue but is around the middle range for the wider William Whyte neighborhood. Nearby reference properties on the listing have assessed values ranging from approximately $123k to $180k.
4. Is sold price history available for this property?
The listing indicates no sales history is publicly displayed on the site. The provider offers to manually look up and share exact transaction figures via email upon request, as they do not source data from the MLS.
5. What are the trade-offs for getting so much living space?
The trade-off for the above-average square footage is typically an older home with a lower assessed value, which may require more investment in renovations and updates. The lot is also smaller than average, so outdoor space is limited.