Property Overview: 832 Magnus Avenue
Key Characteristics & Appeal
This one-storey home on a standard city lot presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its primary appeal lies in its generous 1,600 sqft living area, which ranks in the top 5% for similar homes on its street and the top 3% within the neighbourhood. This offers significantly more interior space than most comparable properties. The home includes a basement and a detached garage, sitting on a 3,583 sqft lot that is typical for the immediate area.
Built in 1926, the house is a century-old character home that has not undergone recent renovation, indicating a canvas for personalization or a value-conscious entry point. The assessed value of $240k is above average for the local area but below the wider city average, suggesting a more affordable footprint within its specific community. This property would suit a practical buyer looking for ample interior space to grow into, a hands-on owner comfortable with a project, or an investor seeking a land-value proposition with a existing structure. Its recent sale history shows rapid turnover, which may appeal to those looking for a property with flexible potential.
Frequently Asked Questions
1. What is the true condition of the home?
The listing notes the basement is "not renovated," and the home is 100 years old. Prospective buyers should budget for a thorough inspection, as the condition of major systems (roof, wiring, plumbing, foundation) in an unrenovated older home will be the key factor in determining immediate investment.
2. How does the lot size compare?
At 3,583 sqft, the lot is very close to the average for both Magnus Avenue and the Burrows Central neighbourhood. It is, however, significantly smaller than the city-wide average lot, which is important for buyers comparing across different areas of Winnipeg.
3. Why is the living area considered "Elite" for the area?
Most similar homes on the street and in the neighbourhood average between 962 and 1,017 sqft. This home's 1,600 sqft of living area is notably larger, offering more room than approximately 95-97% of its direct peers.
4. What does the sale history indicate?
The property has sold three times since 2017, most recently for $21.5k in March 2025. This pattern of frequent, lower-value transactions may suggest it is primarily traded for its land value or as a project property, rather than as a renovated, move-in-ready home.
5. Who might this property not suit?
It is likely not a match for buyers seeking a modern, low-maintenance, or fully updated home. Given its age and lack of renovation, it may also present challenges for those with limited renovation budgets or who need immediate, trouble-free occupancy.