370 Magnus Avenue – Property Summary
Key Characteristics & Buyer Fit
This is a 2006-built home with 1,036 square feet of living space on a 3,561-square-foot lot. Its most distinguishing feature is the year built: it ranks in the top 7% on Magnus Avenue and top 14% citywide, meaning it’s significantly newer than most homes around it. The assessed value of $200,000 sits above the neighborhood average ($149,100) but well below the citywide average ($390,100). The lot size is typical for the street but larger than the neighborhood average, while the living area is about average for all three levels.
The appeal lies in getting a relatively modern home in an older, more established area. You’re not paying for a brand-new suburban build, but you’re also not dealing with a pre-war layout or outdated systems. The lot offers more outdoor space than nearby properties, which is less common in this part of William Whyte.
This would suit a buyer who wants a newer, move-in-ready home without the premium of a new development — someone comfortable with a modest floor plan who values a solid, recent build over square footage. It may also appeal to investors or first-time buyers looking for something that won’t need major work right away, in a neighborhood where the assessed value suggests room for appreciation.
Five Possible FAQs
1. How does the assessed value compare to what I’d actually pay?
The assessed value of $200,000 is a baseline for property taxes, not a market price. It’s above the neighborhood average but below citywide levels, so the listing price could fall anywhere between those figures depending on recent sales in the area.
2. Is the 1,036 sqft livable for a family?
It’s on the smaller side for a single-family home, but the 2006 construction means the layout is likely more efficient than older homes of the same size. It depends on how many people and how much space you need day-to-day — worth seeing in person to judge room sizes.
3. Why is the lot ranked higher in the neighborhood than on the street?
The lot is larger than the average in William Whyte (top 18%) but only around average for Magnus Avenue specifically (top 53%). That means this street tends to have bigger lots than the surrounding area, so the advantage is stronger when compared to the wider neighborhood.
4. What’s the condition of a 2006 home compared to a brand-new one?
A 2006 home is nearly 20 years old, so major systems like the roof, furnace, and water heater could be nearing or past their typical lifespan. That said, it’s still much newer than the average home in this area (built around 1937), and you’re avoiding the unknowns of a century-old structure.
5. Does the “below average” citywide rank for living area matter?
It only matters if you compare it to the entire city, where average home sizes are larger. For this street and neighborhood, the living area is typical. The more relevant comparison is what’s actually available nearby — and here, the size is normal for the area.