1580 Magnus Avenue

Property Overview: 1580 Magnus Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-a-half storey home, built in 1947, sits on a notably spacious lot in the Burrows-Keewatin neighbourhood. Its primary appeal lies in the land itself—at 4,771 sqft, the property offers an above-average lot size for its street, presenting a blank canvas for gardening, expansion, or future redevelopment. The detached garage adds practical utility. With a modest 940 sqft of living space and no basement, the house suits buyers looking for a straightforward, manageable footprint or a strategic land purchase. The assessed value is well above average for the immediate area, suggesting the property is viewed favorably relative to its closest peers.

This home would best suit a practical, value-oriented buyer. It's a match for a first-time homeowner comfortable with a smaller living area who prioritizes outdoor space, or for an investor recognizing the underlying value of the lot. Its appeal is less about the existing structure and more about the property's inherent potential and its standing within a specific, localized market context.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much higher than the last sale price?
The last sale was in 2017. The current assessed value reflects more recent municipal valuation, which considers factors like market trends and the property's attributes (especially its lot size) relative to nearby homes.

2. What does "above average for the street but below average city-wide" mean for the lot size?
It means the lot is generous compared to its direct neighbours on Magnus Avenue, offering more private outdoor space than most on the block. However, lots in newer suburban areas of Winnipeg are typically larger, which is why it ranks as average when compared to the entire city.

3. Are there any concerns with a home built in 1947 with no basement?
Older homes require diligent maintenance for their aging components. The lack of a basement means all mechanical systems (heating, plumbing) are on the main floor, which can simplify access for repairs but also reduces storage and potential living space.

4. Who might this property not be suitable for?
It may not suit buyers seeking a move-in-ready home with modern, open-concept layouts or those who require significant indoor living and storage space, given the smaller square footage and absence of a basement.

5. The data shows the home is older than most in the neighbourhood. Is that a negative?
Not necessarily. It indicates the surrounding area has seen redevelopment or newer infill. This can be positive, suggesting a evolving streetscape, but it also means the existing house may be among the older on the block, which is factored into its value.