330 Magnus Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 1,958 sqft home on a 3,561 sqft lot, built in 1907, with an assessed value of $218,000. Located on Magnus Avenue in the William Whyte neighbourhood of Winnipeg, the property stands out primarily for its size. The living area ranks in the top 2% on the street and top 5% in the neighbourhood, meaning it offers significantly more interior space than most nearby homes. The lot is also above average for the area, though modest by citywide standards.

The appeal here is not about modern finishes or a recent build—it's about space and value. The assessed value is above average for both the street and neighbourhood, but well below the citywide average. That suggests a property that may feel underpriced relative to newer parts of the city, while being on the higher end locally. The 1907 build date means it's an older home, ranking in the bottom quarter on the street and bottom 5% citywide. Buyers should expect character details, but also potential maintenance needs tied to age.

This property would suit buyers who prioritize square footage and lot size over a turnkey finish. It's a good fit for someone willing to invest in updates or renovations, particularly if they value being in a more established, central Winnipeg neighbourhood where larger homes are less common. It may also appeal to investors or buyers looking for a property with below-city-average valuation but strong local ranking in space.

Five Possible FAQs

1. The home was built in 1907—what should I watch for with a property this old?
Older homes often have solid construction but may need updates to electrical, plumbing, insulation, and windows. It's worth getting a specialized inspection that looks at the foundation, roof age, and any signs of knob-and-tube wiring or lead pipes. The age also means the home likely has original details (trim, doors, possibly hardwood) that can add character, but may require maintenance.

2. How does the assessed value compare to what I'd actually pay?
The assessed value is $218,000, which is above the neighbourhood average of $149k but far below the citywide average of $390k. Assessed value is not always the same as market price, but it can be a useful benchmark. In a neighbourhood like William Whyte, properties can sell above or below assessment depending on condition and recent sales in the area.

3. Is the lot size enough for additions or a garage?
At 3,561 sqft, the lot is above average for the neighbourhood (top 18%) but below average citywide. It's enough for a modest yard and possibly a detached garage, but not for major expansions. Check zoning and setback rules before planning any additions.

4. How does this home compare to others currently listed in William Whyte?
Most homes in the area have smaller living areas—the neighbourhood average is 1,158 sqft. This home is nearly 800 sqft larger, which is uncommon. However, many nearby homes may have been updated more recently. You're trading newer finishes for raw space.

5. What does "elite" and "above average" really mean in these rankings?
These are percentile rankings comparing this property to others on the same street, in the same neighbourhood, and across Winnipeg. "Elite" generally means top 5-10% in that category. For living area, this home is elite at the street and neighbourhood level. For assessed value, it's above average locally but well below citywide—meaning it's a strong value relative to the rest of Winnipeg, but not necessarily a steal within its own immediate area.