Key Characteristics & Buyer Fit
This 702 sqft home at 675 Magnus Avenue, built in 1911, sits on a 2,463 sqft lot in Winnipeg’s William Whyte neighbourhood. Across every metric—living area, lot size, assessed value, and to a lesser extent age—the property ranks below the average for its street, its neighbourhood, and the city at large. It falls in the bottom percentiles for living space (85th on its street, 96th citywide) and lot size (82nd on the street, 97th citywide), while its assessed tax value of $104,000 is well under neighbourhood and city medians.
The appeal here is straightforward: entry-level pricing in a city where most comparable homes cost significantly more. For a buyer who wants a detached house without paying for square footage they don’t need, this property trades space for affordability. The 1911 build date puts it among older homes in the area, which may appeal to someone comfortable with vintage character—and the maintenance that often goes with it—rather than seeking a move-in-ready modern finish.
This home suits a budget-conscious first-time buyer, an investor looking for a lower-cost entry into Winnipeg’s housing stock, or someone who prioritizes location over size and doesn’t mind a smaller footprint and yard. It is less suitable for families needing generous indoor or outdoor space, or for buyers who want a property that competes with neighbourhood averages in resale value.
Five Possible FAQs
1. How does this home’s size compare to typical houses nearby?
On Magnus Avenue, the average living area is about 1,017 sqft; this home is 702 sqft, which puts it in the smaller third of homes on the street. The gap is similar in the broader William Whyte neighbourhood, where the average is around 1,158 sqft.
2. Is the assessed value of $104,000 unusually low?
Yes, relative to the neighbourhood average of $149,000 and the citywide average of $390,000. It ranks in the bottom 1% citywide for assessed value. That likely reflects both the smaller size and possibly the age and condition of the property, though the assessment alone doesn’t indicate specific needed repairs.
3. What does the 1911 build year mean in practical terms?
The home is older than about two-thirds of houses on its street and older than most in the city (citywide average build year is 1966). Older homes can offer solid construction and character details, but buyers should expect older systems (plumbing, electrical, insulation) and budget for potential upgrades. A pre-purchase inspection is strongly recommended.
4. How does this property compare to others in the William Whyte neighbourhood?
It’s smaller in both living area and lot size than the vast majority of homes in the area—ranking in the bottom 10% for both metrics. Its assessed value is also lower than three-quarters of neighbourhood properties. It’s not a typical William Whyte home in terms of size or price.
5. Who would this property be a good fit for?
Someone who values an affordable detached home over generous square footage or a large lot. It could work for a single person, a couple, or an investor comfortable with a smaller footprint. It’s less suited for buyers who expect a home that matches neighbourhood averages in space or value.