Property Overview: 1595 Magnus Avenue, Winnipeg
Key Characteristics & Appeal
This well-situated one-storey home on a spacious 4,771 sqft lot presents a solid, no-fuss opportunity in the Burrows-Keewatin neighbourhood. Its key appeal lies in a combination of above-average lot size for the street and a recently renovated basement, adding valuable finished space to the 1,032 sqft main floor. Built in 1962, it is notably newer than many neighbouring homes, suggesting potentially fewer concerns with aging core components.
The property’s metrics tell a story of a home that stands out positively in its immediate context. It boasts an assessed value and lot size that rank in the top 10% on Magnus Avenue itself, indicating it is a higher-calibre property on its own block. While its living space is modest citywide, it is above average for the neighbourhood, making it a practical choice for the area.
This home would suit first-time buyers or practical downsizers looking for a manageable single-level layout with a renovated basement for extra living space or rental potential. It’s also a fit for value-oriented buyers who prioritize a larger, private lot over a large interior footprint, and who appreciate a home that offers more substance than many directly comparable properties on the same street.
Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The 4,771 sqft lot is significantly larger than the average lot on Magnus Avenue (which averages 3,518 sqft), placing it in the top 9% on the street. This is one of the property's strongest assets.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or rooms. A buyer should inquire about the scope of work, permits, and the current layout (e.g., whether it includes a separate suite, bedroom, or simply finished living space).
3. The home sold for $270k in 2019. What does that tell us?
That sale price was above average for both the street and the neighbourhood at the time, reflecting the property's relative desirability. It provides a historical benchmark, but market conditions and any updates since then will determine current value.
4. Is the detached garage a standard feature here?
Yes, the presence of a detached garage is noted. Given the above-average lot size, there is likely ample space for parking and yard use, which is a practical advantage in this neighbourhood.
5. The assessed value seems low. Why is that?
The $29,400 assessed value is for taxation purposes only and is not an indicator of market value. It is, however, notably higher than the street average, which consistently signals to the city that this is a above-average property on its block.