125 Magnus Avenue

Property Overview: 125 Magnus Avenue, Winnipeg

Key Characteristics & Appeal

This home presents a distinct value proposition centered on its above-average interior space within a very affordable market segment. Built in 1945, the 1,414 sqft house sits on a standard 3,699 sqft lot in North Point Douglas. Its primary appeal lies in the significant disconnect between its living area and its assessed value. The home offers substantially more square footage than most on its street and is on par with the neighborhood average, yet it carries one of the lowest assessed values in the entire city. This creates a notable opportunity for buyers seeking maximum space per dollar.

The property would suit practical buyers looking for a footprint to renovate or maintain according to their own vision, investors considering the area's potential, or those requiring ample room on a tight budget. A thoughtful perspective is that while the assessed value is low, the home last sold for an estimated $200k-$250k in 2018, suggesting the market may value it higher than the city's assessment. Its age (81 years) means condition and updates will be the most critical factors, more so than with a newer build.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
Assessed value is for municipal tax purposes and is influenced by many factors, including the property's specific condition, the average values in its immediate area, and recent sales of comparable homes. A low assessment often reflects the local market in North Point Douglas more than the city average.

2. How does the sold price from 2018 relate to today's value?
The previous sale price gives historical context but does not determine current market value. Market conditions, changes to the property, and neighborhood trends since 2018 will all influence its present worth.

3. What does "above average" living area for the street mean?
This indicates the home has more interior space than 89% of the 608 comparable properties on Magnus Avenue. It's a notably larger house than its immediate neighbors, which average about 1,017 sqft.

4. Are the sold prices shown on this site exact?
No. For privacy and compliance reasons, the site shows sold price ranges. To obtain verified, exact historical sale figures, you must request them directly via email from the service.

5. What are the main considerations given the home's age?
Homes from this era may have outdated electrical, plumbing, or insulation. A thorough inspection is essential to understand the potential need for updates, which should be factored into any offer. Conversely, they often feature solid construction and room layouts that are desirable.