Property Overview: 1049 Magnus Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 2021, stands out in its Burrows Central neighbourhood for its modern age. Its key appeal lies in being a contemporary structure in an area of mostly older homes, offering move-in readiness without the immediate need for major updates. The 1,306 sqft living space is notably above average for the immediate area, providing comfortable room for a small family or couple.
The property’s most distinctive characteristic is the significant contrast between its very high assessed value for the street and neighbourhood and its more average city-wide assessment. This suggests a premium is placed on its newness locally. The lot is compact (1,866 sqft), which translates to lower maintenance but less private outdoor space. It features a basement (unrenovated) and no garage.
This home would best suit a buyer looking for modern construction in a established neighbourhood, who prioritizes a low-maintenance interior over a large yard. It’s a practical choice for those wanting to avoid the renovation projects common with older homes, while accepting that the property’s premium is tied to its relative newness in the context of the immediate community.
Section 2: Frequently Asked Questions
Q: How does the modern build date affect insurance or maintenance costs?
A: A 2021 build typically means newer major systems (roof, HVAC, plumbing), which can lead to lower near-term maintenance costs and potentially more favourable home insurance premiums compared to older homes in the area.
Q: The assessed value seems high for the neighbourhood. What does this mean?
A: The assessment reflects the property’s modern age and condition relative to its immediate peers. While it commands a premium locally, it’s assessed closer to the Winnipeg average, indicating its value is more aligned with city-wide norms for a newer, mid-sized home.
Q: Is the small lot size a disadvantage?
A: It depends on your priorities. It limits expansive gardening or large outdoor recreation space but reduces yard work and upkeep. For buyers seeking a low-maintenance property, this can be a benefit.
Q: What does an unrenovated basement imply?
A: The basement is finished but has not been updated since the home was built in 2021. It offers functional space as-is but presents a blank canvas for future personalization if desired.
Q: How does the lack of a garage affect daily life and resale?
A: On-street parking is the norm here. This is a common trade-off in older neighbourhoods and should be factored in for vehicle storage and winter convenience. It aligns with the property’s lower-maintenance profile but may not suit those requiring sheltered parking.