565 Magnus Avenue

565 Magnus Avenue – Property Summary

Key Characteristics & Buyer Suitability

This is a 1,824 sqft house built in 1907 on a 2,463 sqft lot, located on Magnus Avenue in the William Whyte neighbourhood of Winnipeg. The property's strongest feature is its living area, which ranks in the top 3% on its street and top 6% in the neighbourhood. The interior space is notably generous compared to nearby homes. The assessed value of $137,000 sits around average for the street and neighbourhood, but well below the citywide average. The lot is smaller than typical for the area, and the house is older than most properties on the street, in the neighbourhood, and in the city as a whole.

The appeal here is straightforward: a large, older house at a moderate price point in an area where similar square footage is hard to come by. A buyer in this transaction is likely someone who values interior space over lot size or a modern build. This could suit a renovator comfortable with deferred maintenance on a century home, or a buyer whose budget is constrained but needs more square footage than a newer home in the area would offer. It may also appeal to someone who wants to live on Magnus Avenue specifically, where large homes are rare and this one stands out.

Five Possible FAQs

1. Why is the assessed value so much lower than the city average, but average for the street?
This reflects the neighbourhood, not the house itself. The citywide average is pulled up by higher-value areas. On Magnus Avenue and within William Whyte, most properties fall into a similar value range. The house's assessed value is right in line with its immediate surroundings.

2. What does the ranking data tell me about the lot size?
The lot ranks near the bottom across all three levels: street, neighbourhood, and city. At 2,463 sqft, it's about 30% smaller than the average for its own street. This is not a property for someone wanting a large yard or space for additions or outbuildings. The interior space is the asset; the land is modest.

3. Is a 1907 house likely to have significant issues?
Homes of this vintage often have older electrical, plumbing, and foundations. The age ranking below average for the street and city suggests it's older than most comparable homes, meaning updates may be piecemeal or overdue. A thorough home inspection—especially of the mechanicals and structure—would be essential. The data doesn't indicate condition, only age.

4. How does this property compare to others currently for sale nearby?
The data ranks it against all comparable homes, not just those on the market. That means while it may be one of the larger homes in the area, it's also one of the oldest and on a smaller lot. For a buyer actively shopping, it would be worth checking how many nearby listings match its square footage at this price point, since such combinations are uncommon.

5. What does “Top 3% on the street” mean in practical terms?
Out of 608 homes on Magnus Avenue, this house ranks 20th for living area. Only 19 homes on the same street have more interior space. That gives it an unusual advantage for the street, but that advantage is balanced by its older age and smaller lot. The house is a trade-off: large inside, compact outside, and dated.