609 Magnus Avenue – Property Summary

Key Characteristics & Buyer Suitability

This is a 1911-built home with 668 square feet of living space on a 2,727-square-foot lot, located in the William Whyte neighbourhood of Winnipeg. Compared to other properties on Magnus Avenue, it sits below average in both living area and assessed value, and is roughly average in age and lot size. The assessed tax value is $103,000, well below the street average of $178,000 and the citywide average of $390,000.

The appeal here is straightforward: it’s an entry-level property in a dense, older neighbourhood, likely priced to reflect its size and condition relative to surrounding homes. The low assessment suggests modest tax liability, which can appeal to buyers looking to keep ongoing costs down. For someone who values a compact footprint, an older character home, and a location within an established part of the city, this property offers a clear point of entry. It would suit first-time buyers, investors focused on affordability, or anyone comfortable with a smaller space who prioritizes location over square footage.

Less obviously, the property’s ranking data hints at a wider trend: it sits at the 91st percentile for size on its own street, meaning homes here are generally larger. That could mean this house stands out as a smaller, more affordable option in a street of bigger homes—potentially a quieter, lower-traffic street given older housing stock and smaller lots. For someone who wants to live on Magnus Avenue without paying for space they won’t use, this could be a practical fit.

Frequently Asked Questions

1. How does this property compare to others on the same street?
It ranks in the bottom third for living area (555 out of 608) and assessed value (517 out of 608), and around the middle for lot size and age. It’s notably smaller and lower-valued than the street average.

2. What does the assessed value of $103,000 mean for property taxes?
Assessed value is used to calculate municipal property taxes. A lower assessment generally means a lower tax bill. The exact amount depends on the current mill rate, but this is well below both the neighbourhood and city averages, so taxes should be relatively modest.

3. Is the building age a concern?
The home was built in 1911, placing it among the older homes in Winnipeg. Age alone isn’t a red flag, but older homes often require more maintenance—especially for systems like plumbing, electrical, and insulation. A thorough home inspection is recommended.

4. How does the lot size affect usability?
At 2,727 square feet, the lot is smaller than the citywide average of 6,570 square feet but not unusually small for this neighbourhood. It’s enough for a small yard, parking, or a garden, but not for major additions or large outdoor structures.

5. Who typically buys homes in this price and size range?
Buyers often include first-time homebuyers looking for affordability, investors seeking lower-cost rental properties, or people downsizing from larger homes. The low tax burden and central neighbourhood location can also appeal to those prioritizing proximity to amenities over space.