884 Magnus Avenue

Property Overview: 884 Magnus Avenue

Key Characteristics & Appeal

This is a classic one-and-a-half storey home built in 1912, situated on a standard city lot in the Burrows Central neighbourhood. Its primary appeal lies in its solid fundamentals and value proposition. The living space of 1,139 sq ft is notably above average for both the immediate street and the broader neighbourhood, offering more room than many comparable properties. While the home retains its original, unrenovated basement and does not include a garage or pool, it presents a straightforward opportunity.

The property suits practical buyers looking for an entry point into the market, or investors seeking a land-value proposition with a existing structure. Its assessed value is significantly below the Winnipeg city average, highlighting its affordability. A thoughtful perspective is that while the home itself is historic, its lot size is typical for the area—this isn't a property where the land itself carries a premium, so the value is squarely in the existing house and location. It’s a home for those comfortable with a property that offers honest metrics and potential, rather than modern finishes or luxury amenities.

Frequently Asked Questions

1. What is the significance of the home’s rankings (e.g., "Top 26% for Living Area")?
These rankings compare the property against specific groups. For example, being in the "Top 26%" for living area on its street means 74% of similar homes on Magnus Avenue have less living space. It’s a quick way to see where this property excels or is typical within its immediate context.

2. Is the low assessed value a red flag?
Not necessarily. The assessed value is very close to the street and neighbourhood averages, but is far below the Winnipeg city average. This primarily reflects the lower property values in this area compared to the entire city, not an issue with this specific home.

3. Who would be responsible for future renovations, like the basement?
Any updates or renovations would be the full responsibility of the new owner. The listing notes the basement is "not renovated," so a buyer should budget for any desired improvements and secure the necessary permits.

4. How does the 1912 build date affect the property?
At 114 years old, the home is older than most in the city and neighbourhood. This typically means potential for classic architectural charm, but also that systems (like plumbing or electrical) may be older and due for inspection. Its construction year is typical for this specific street.

5. The home sold for $14.5K in 2016. Is the current price listed?
The provided data shows the 2016 sale price. The current asking or listed price is not included in this detail page. You would need to check the main listing or contact the agent for the current market price.