Property Overview: 925 Magnus Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1948, presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its key characteristic is its modest scale, featuring 720 sqft of living space and a 2,463 sqft lot. The home has an unrenovated basement and no garage.
The primary appeal lies in its position as an affordable entry point into the market. With a recently sold price and assessed value significantly below the citywide average, it is accessible for first-time buyers or investors. The lot size, while below average for the street and city, is fairly typical for the immediate neighbourhood. A less obvious point of appeal is the home's age: it is notably newer than many comparable homes on its street and in Burrows Central, which may suggest a potentially different construction era or fewer decades of wear than immediate neighbours.
This property would best suit a practical buyer with a limited budget who is comfortable with a home requiring updates. It could serve as a starter home for someone willing to renovate over time or as a strategic investment property in a neighbourhood with a wide range of assessed values.
Section 2: Frequently Asked Questions
1. Is the basement finished?
No, the basement is noted as being unrenovated.
2. What does the "below average" ranking for lot size mean?
The 2,463 sqft lot is smaller than the average lot on Magnus Avenue and in Winnipeg overall, but it is relatively consistent with the scale of many lots in the Burrows Central area.
3. How does the year built compare to nearby homes?
Built in 1948, this home is actually newer than many surrounding properties. On Magnus Avenue, it ranks in the top 26% for age, meaning it is newer than about 74% of comparable homes on the street.
4. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the home's modest size, condition, and specific market values within the Burrows Central neighbourhood, which are generally lower than the average for the entire City of Winnipeg.
5. Are there any recent comparable sales nearby?
Yes. A very similar home at 968 Magnus Avenue (same living area, built 1929) sold recently and can provide a direct comparison. Other sales on Manitoba and Alfred Avenues offer context for the range of prices and property types in the neighbourhood.