Property Overview: 984 Magnus Avenue, Winnipeg
Key Characteristics & Appeal
This two-storey home at 984 Magnus Avenue in Burrows Central presents a compelling mix of space, modernity, and value within its local context. Built in 2005, it is a notably newer construction compared to most homes on its street and in the wider neighbourhood, offering modern building standards without the need for immediate major updates. The property sits on a generous 4,883 sqft lot, which is well above average for the area, providing significant outdoor space and potential.
Its primary appeal lies in this combination of a newer structure on a large lot—a relatively rare find in this part of Winnipeg. With 1,080 sqft of living space, the home offers comfortable room for a small family or first-time buyers. The data suggests it is a strong performer within its immediate community, ranking above average for land size, year built, and assessed value when compared to nearby peers. The home features a basement (not renovated) and does not include a garage or pool.
This property would suit practical buyers looking for a solid, low-maintenance foundation in a mature neighbourhood. It’s ideal for those who prioritize private outdoor space over high-end finishes, and for owners who see potential in the large yard and unfinished basement for future projects. It represents a value-oriented entry into homeownership with the benefits of a more recent build.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is primarily a reflection of the local market in Burrows Central. While the value ranks above average for the street and neighbourhood, Winnipeg-wide averages are lifted by higher-value districts. This indicates the home is priced accessibly within its community.
2. What does the "unrenovated basement" typically mean?
This generally indicates a foundational, usable space that is finished to a basic standard (likely concrete floors and walls, open ceiling). It’s a blank canvas for storage, a laundry area, or future renovation, but not a developed living area.
3. How does the 2005 build year affect insurance or maintenance?
A 2005 construction is a significant advantage. It means modern electrical wiring, plumbing, insulation, and building codes, which can lead to lower maintenance costs and potentially more favourable home insurance premiums compared to century-old homes nearby.
4. Is the lack of a garage a major drawback?
This depends on buyer needs. Many homes in the area lack garages. The large lot does offer space for potential future construction of a garage or shed, subject to local bylaws and permits. On-street parking is typical.
5. The sale history shows a sale in 2016. What does that indicate?
A sale eight years ago suggests a period of stable ownership. For a home of this age, it doesn’t indicate frequent flipping and may point to a property that has been lived in and maintained by a long-term resident.