1-710 Magnus Avenue, Winnipeg

Property Overview

This is a 3,000-square-foot home built in 2020, located on a 3,576-square-foot lot in the William Whyte neighbourhood. The standout feature is its size: the living area ranks in the top 1% on the street, in the neighbourhood, and across Winnipeg. The average home in the area is roughly 1,000 square feet, making this property nearly three times larger than its neighbours.

The assessed value of $454,000 reflects that size premium locally—it’s the highest-valued home on Magnus Avenue and ranks sixth in the neighbourhood—but drops to the top 28% citywide, which suggests you get more square footage for your money compared to pricier parts of Winnipeg. The home is also newly built (2020), while the surrounding housing stock averages 1937 to 1966. That means modern construction, updated systems, and energy efficiency expected of a recent build.

The lot itself is not unusually large by city standards (top 80%), but it sits slightly above the neighbourhood average. This is not a sprawling property lot; the value lies in the house, not the yard.

Who it suits: Buyers who prioritize interior space above all else—large families, people who work from home and need dedicated rooms, or those who want a newer home without leaving the central city. It also appeals to someone who wants to be the biggest house on the block, which has both practical and social implications: more privacy from neighbours, but also higher upkeep and property tax relative to surrounding homes. It is less suited to buyers seeking a large lot, a quiet suburban setting, or a lower-cost entry point into the neighbourhood.

Frequently Asked Questions

1. How does the assessed value compare to similar new builds elsewhere in Winnipeg?
The home ranks in the top 28% citywide for assessed value, meaning it's above average but not among the most expensive homes in the city. A 3,000-square-foot home built in 2020 would likely appraise significantly higher in neighbourhoods like River Heights or St. Vital. The value here reflects the location in William Whyte, which is an older, denser area with lower baseline home prices.

2. Is the land area a concern for resale?
The lot is 3,576 square feet, which is average for the street but below the citywide average of 6,570 square feet. For buyers accustomed to suburban lot sizes, this may feel small. However, in a central neighbourhood with older housing stock, a lot this size is typical and not a liability. The home's large footprint relative to the lot means less yard maintenance but also limited space for additions or a detached garage.

3. What does "Top 1%" mean in the context of this property?
The rankings compare this home to a pool of "comparable homes" within each geographic scope. Comparable homes are those with similar characteristics (type, age range, etc.), not every single property. So "Top 1%" on Magnus Avenue means it is larger than 99% of other single-family homes deemed comparable on that street. It does not mean there are only 608 homes on the street—it means 608 comparable homes were found.

4. Why does the citywide ranking drop to Top 28% for assessed value while staying Top 1% for living area?
Living area is a physical measurement where this home truly stands out. Assessed value, however, reflects market conditions, location desirability, and land value, not just square footage. At $454,000, this home is priced well below what a similar-sized new build would cost in higher-demand neighbourhoods. The gap between the two rankings is essentially the "location discount" for William Whyte.

5. What is the neighbourhood like?
The property is on Magnus Avenue in the William Whyte area, which is an older, central Winnipeg neighbourhood with a mix of early 20th-century homes and recent infill construction. It is not a high-end district—average assessed values on the street are around $178,000—but the area has seen investment in new builds like this one. Buyers should be comfortable with a transitional neighbourhood and check factors like school catchment, proximity to amenities, and long-term development plans. The home's value is in the structure itself, not the surrounding prestige of the address.