329 Magnus Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 1986-built home with 1,423 sq ft of living space and a 3,212 sq ft lot, located on Magnus Avenue in Winnipeg’s William Whyte neighbourhood.
What stands out: The living space is genuinely generous for the area—it’s in the top 11% on the street and top 21% in the neighbourhood, well above the local averages. The build year (1986) also places it in the top 10% on Magnus Avenue, meaning this is one of the newer homes on a street where most properties date from the 1930s. That’s a meaningful advantage for anyone wanting fewer renovation headaches or better modern insulation, wiring, and layouts.
The trade-off: The assessed value is low—both relative to the street (58th percentile) and especially to the city (96th percentile). That suggests lower property taxes than many comparables, but also that the neighbourhood itself is not high-value. The land size is also just average for the area and well below the citywide average, so this isn’t a property where you’re buying a large yard or redevelopment potential.
Who it suits: Buyers who want a reasonably modern, spacious home in a modest but established neighbourhood, without paying a premium for location or land. It could work well for first-time buyers, young families, or anyone who values interior space and newer construction over resale flash or a big lot. Investors might also find the low tax burden appealing, provided they’re comfortable with the area’s price ceiling.
Five Frequently Asked Questions
1. How do property taxes compare to similar homes?
The assessed value is around $160,000, which is low by city standards (bottom 4% citywide). On Magnus Avenue, it’s slightly below the street average of $178,000. You can expect tax bills to be modest relative to most Winnipeg homes of the same size.
2. Is this considered a “fixer-upper” property?
Not necessarily. The 1986 build date makes it newer than 90% of homes on the street, which suggests less deferred maintenance than older stock. However, condition isn’t detailed here—an inspection is still wise. It’s not a century home needing full rewiring, but it’s also not brand-new.
3. How does the lot size affect use or future value?
The lot is 3,212 sq ft—average for the neighbourhood but small for Winnipeg overall. That means limited outdoor space for gardening, additions, or garages. It also limits upside if the area redevelops toward larger multi-unit properties.
4. What’s the neighbourhood like for resale?
William Whyte is an older, lower-priced area. Homes here assess well under the city average. Resale will likely depend more on the house’s condition and size than on location-driven appreciation. The generous square footage could be a differentiator locally.
5. How reliable are these ranking comparisons?
The rankings are based on assessed value and recorded data—not sales prices or interior photos. They’re useful for understanding where this home stands statistically, but they don’t account for renovations, curb appeal, or market trends. Use them as a starting point, not a final verdict.