317 Magnus Avenue – Property Summary
Key Characteristics & Buyer Fit
This is a 1921-built home on Magnus Avenue in Winnipeg’s William Whyte neighbourhood, with 1,246 square feet of living space on a 2,466-square-foot lot. Its assessed value is $183,000.
The property’s main appeal is its living space. At 1,246 sqft, it ranks in the top 18% on its street and is above average for the immediate area. The interior is notably spacious relative to the modest lot size and the home’s age. The assessed value is above the neighbourhood average ($149,100) but well below the citywide average ($390,100), which reflects both the area’s character and the home’s older construction.
This property would suit a buyer who prioritizes interior square footage over yard space. It’s a sensible option for someone looking for a larger floor plan in an older, established neighbourhood without paying a premium for land. The below-average lot size and older build year (1921) mean less maintenance on outdoor space, but potential structural or system updates should be expected. It’s less suited to buyers seeking a modern, move-in-ready home or those who value a large private yard.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
The $183,000 assessment is above the William Whyte neighbourhood average of $149,100, ranking in the top 24% locally. However, it’s well below the citywide average for comparable homes ($390,100), which is typical for this area.
2. What does the lot size tell me about outdoor space?
The lot is 2,466 sqft, which is significantly smaller than average—ranking in the bottom 19% on its street and bottom 10% in the neighbourhood. Expect a manageable yard that requires less upkeep, but little room for major landscaping or expansion.
3. Is the older construction (1921) a concern?
Yes and no. The home is older than 87% of properties citywide, so original systems (plumbing, electrical, foundation) may need attention. However, homes from this era often have solid framing and larger rooms. A thorough inspection is recommended. The age also means property taxes are based on a lower assessment.
4. How does this property rank for living area compared to citywide homes?
It ranks around average citywide (top 46%) for living space among comparable homes, with 1,246 sqft versus a city average of 1,342 sqft. On its own street, it’s well above average—suggesting good value for square footage in this specific location.
5. What kind of neighbourhood is William Whyte?
The property ranks in the middle tier for the neighbourhood overall. It’s an established, older inner-city area with a mix of pre-war homes. Buyers should expect a more urban, modest setting rather than a newer suburban development. Proximity to amenities and transit routes is worth checking on the neighbourhood map.