250 Magnus Avenue – Property Summary
1. Key Characteristics & Buyer Profile
This is a 901 sqft home built in 1926, sitting on a 3,552 sqft lot. What stands out here is that it is not a standout in any one direction. On its street (Magnus Avenue), the living area, assessed value, and lot size all land around average. The home is older than most in the neighborhood—the average build year on the street is 1937—but again, not dramatically so.
Where the property does distinguish itself is in its lot size relative to the wider city and its immediate neighbourhood. Within William Whyte (the neighbourhood), the lot ranks in the top 21%, meaning you get more outdoor space than most nearby homes. Citywide, the lot is still below average for comparable properties, but that simply reflects that central Winnipeg lots are generally smaller than suburban ones.
The assessed value is $146,000. On the street, that is roughly average. In the neighbourhood, it sits slightly above average (top 44%). Citywide, it ranks very low (top 97%), which reflects how much cheaper central, older homes are compared to newer construction elsewhere.
This property would suit a buyer who wants a solid, unassuming home in a central neighbourhood without paying a premium for a “top-tier” street or a fully renovated interior. It is a practical choice for someone comfortable with a house of this era—someone who values yard space over square footage and is not chasing the newest or biggest home on the block. It is not a flip or a showpiece; it is what it is.
2. Five Possible FAQs
1. How does the size of this home compare to others nearby?
The living area (901 sqft) is about average for homes on Magnus Avenue, but it is smaller than the average for the William Whyte neighbourhood (1,158 sqft) and significantly smaller than the citywide average for similar homes (1,342 sqft). The lot, however, is notably larger than most in the neighbourhood.
2. Is the assessed value realistic for this area?
The assessed value of $146,000 is in line with what other homes on the street are assessed at (average $178,000). It is slightly above the neighbourhood average of $149,100, but far below citywide averages—which makes sense given the age and central location.
3. What is the lot like, and what could I do with it?
At 3,552 sqft, the lot is bigger than what you would typically find on this street or in this neighbourhood. That extra space could be used for a garden, a workshop, parking, or future expansion—though you should check local zoning before planning anything major.
4. How old is the house, and what should I watch for?
Built in 1926, this home is older than most on the street (average 1937) and in the neighbourhood (average 1927). Older homes can have charm, but also potential issues like outdated wiring, plumbing, insulation, or foundation work. A thorough home inspection is strongly recommended.
5. Who would this property not be a good fit for?
If you need a move-in-ready modern home with a large open floor plan, this is likely not it. It would also be a poor match for someone prioritizing a low-maintenance yard or a location with high walkability scores to trendy shops and restaurants. This is a no-frills home in a working-class part of the city.