Property Overview: 810 Magnus Avenue
Section 1: Key Characteristics & Appeal
This one-storey home on a standard city lot presents a straightforward, value-oriented opportunity in Winnipeg's Burrows Central neighbourhood. Its key characteristic is a renovated basement, adding valuable finished space to the modest 710 sqft main floor. The home is historic, built in 1911, and features a detached garage.
Its primary appeal lies in its affordability and practicality. The lot size is typical for the immediate area, offering manageable outdoor space. While the living area is compact, the renovated basement effectively expands the usable square footage. The recent sale history suggests a stable, entry-level price point in the market.
This property would best suit first-time buyers, downsizers, or investors seeking a pragmatic, low-maintenance footprint. It’s for someone who values functional updates (like the basement) over original character, and who sees potential in a smaller, efficient home on a decent lot. A thoughtful perspective is that this home represents the "bones" of the neighbourhood—it’s not the largest or newest, but it’s a solid, average contributor to the community fabric, offering a realistic path to homeownership.
Section 2: Frequently Asked Questions
1. How does the renovated basement affect the living space?
While the main living area is 710 sqft, the renovated basement provides additional finished rooms. Buyers should verify the nature of the renovation, permits, and ceiling height to understand the full scope of usable space.
2. Is the assessed value a reliable indicator of the sale price?
No, the municipal assessed value ($17,800) is for tax purposes and is significantly disconnected from the market sale price (last sold for $180k in 2021). Market value is determined by location, condition, and recent comparable sales.
3. What does the "below average" living area ranking mean for daily life?
The home's living area is smaller than most in the city. This necessitates efficient use of space and makes the renovated basement an important asset. It may appeal to those seeking a simpler, easier-to-maintain layout.
4. As a 1911 home, what should I be concerned about?
While the basement has been renovated, the core structure is over a century old. A thorough inspection is essential to assess the foundation, original plumbing and electrical systems, and overall structural integrity beyond the updates.
5. How does this property compare to its direct neighbours?
The home is very consistent with its immediate neighbours on Magnus Avenue in terms of age, size, and assessed value. This indicates a stable, uniform block without extreme outliers, which can be positive for maintaining property values.