Property Overview: 887 Magnus Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, century-old home (built 1924) on a standard-sized lot in the Burrows Central neighbourhood. Its key characteristic is its modest scale, with 811 sqft of living space, making it one of the smaller homes on its street. The property features a one-and-a-half storey layout and includes a basement, though it is noted as not being renovated. There is no garage or pool.
The appeal lies primarily in its position as an affordable entry point into the Winnipeg market. The lot size, while below the city average, is typical for the immediate area, offering manageable outdoor space. Its assessed value is significantly below the citywide average, indicating a lower property tax burden. This home would suit a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist footprint without a large mortgage. Its age suggests potential for character, but also means future buyers should be prepared for the maintenance and updating typical of a 100-year-old structure. A less obvious perspective is that its smaller size and lower costs could provide financial flexibility for the owner, while its established neighbourhood location offers stability.
Frequently Asked Questions
1. What is the property’s most recent sale history?
The home sold in October 2022 for $150,000. Prior to that, it sold in April 2017 for $12,800, which was likely a distressed or non-arms-length transaction.
2. How does the size compare to nearby homes?
With 811 sqft of living space, it is below the average for Magnus Avenue (~1,017 sqft) and Winnipeg overall (~1,342 sqft). It is a compact home.
3. What should I know about the basement?
The listing specifically notes the basement exists but is "not renovated." Prospective buyers should budget for potential updates and investigate its current condition and suitability for storage or future development.
4. Is the lot size a pro or a con?
At 2,727 sqft, the lot is smaller than the Winnipeg average but is fairly typical for Burrows Central. It offers manageable yard maintenance, which can be an advantage, but less private outdoor space than some newer subdivisions.
5. Who might this property not suit?
It may not be ideal for a growing family needing more bedroom space, someone seeking a modern, turn-key home, or a buyer requiring a garage or extensive renovation-free living. The smaller living area and unrenovated basement require a practical approach.