Property Overview: 129 Magnus Avenue, Winnipeg
Key Characteristics & Appeal
This home at 129 Magnus Avenue in North Point Douglas presents a compact, no-frills entry point into Winnipeg’s housing market. Built in 1932, its 694 sqft living area is notably smaller than most homes in the city, placing it in the top 3% smallest properties city-wide. This defines its core characteristic: it is a modest, functional space.
The primary appeal lies in its affordability and lot potential. With an assessed value of $126,000, it sits well below the city's average and is priced comparably to others in the immediate North Point Douglas area. The 3,203 sqft lot is a key asset, offering standard size for the street but presenting a relative blank canvas for expansion, gardening, or outdoor space in an urban setting.
This property would best suit a pragmatic first-time buyer, an investor looking for a straightforward rental property, or someone seeking a minimalist footprint with lower carrying costs. Its value is not in move-in-ready luxury, but in providing a solid foundation at an accessible price point in a central location. A thoughtful perspective for the right buyer is viewing its small interior not just as a limitation, but as a catalyst for efficient, creative living or a strategic starting point for a future renovation that capitalizes on the lot size.
Frequently Asked Questions
1. Is the home in move-in condition?
The listing provides data on size, value, and history, but not on interior condition. Given the age (94 years) and below-average assessed value, prospective buyers should budget for potential updates or repairs and are strongly advised to conduct a thorough inspection.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects a combination of the home's smaller size, older age, and its location in North Point Douglas. It is assessed in line with neighborhood averages but is far lower than the Winnipeg-wide average due to the prevalence of larger, newer homes in suburban areas.
3. What are the possibilities for expanding the living space?
The lot size of 3,203 sqft is fairly typical for the street. This could allow for a future addition or expansion, subject to local zoning bylaws and building codes. The existing small footprint makes this a logical consideration for a buyer planning a longer-term hold.
4. How does the last sold price compare?
Public records indicate it sold between $100,000-$150,000 in September 2017. To obtain the exact historical sale price and verified transaction history, you must request a manual lookup from the site via email, as this data is not sourced from the MLS.
5. What is the neighborhood like for investment or living?
North Point Douglas is a central, historic neighborhood. The data shows property values here are consistently below the city average, which can indicate both higher affordability and different market dynamics. Buyers should research the area firsthand to see if it aligns with their lifestyle or investment goals.