335 Magnus Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a 720-square-foot home built in 1986 on a 2,279-square-foot lot in the William Whyte neighbourhood of Winnipeg. The property’s standout feature is its construction year—it’s newer than most surrounding homes. On Magnus Avenue, it ranks in the top 10% for age, and within the neighbourhood, it falls in the top 13%. Citywide, it still ranks above average (top 27%), meaning you’re buying something built well after the area’s older housing stock.
The assessed value sits at $152,000, which is roughly average for the street and slightly above the neighbourhood average of $149,100. Compared to the rest of Winnipeg, however, the value is well below the citywide average of $390,100—reflecting both the home’s modest size and the neighborhood’s market.
The living area (720 sqft) and lot size (2,279 sqft) are both on the smaller side relative to similar homes on the street, in the neighbourhood, and across the city. That’s not necessarily a drawback, but it does mean less indoor and outdoor space than what’s typical.
Where the appeal lies: This property is a strong fit for buyers who want a newer home in an older, more established neighbourhood—without paying a premium for a large house or yard. It may also appeal to first-time buyers or investors looking for a lower-maintenance property in an area where assessed values are still relatively affordable. The home’s age suggests it may require fewer immediate structural updates than many nearby houses, which could be a practical advantage for someone who wants to move in without major renovations.
What type of buyer it suits: Someone who prioritizes a newer build over square footage or lot size. A buyer comfortable with a smaller home and a compact yard, who values being in a neighbourhood with older character but a relatively modern dwelling. Also suited to those looking for entry-level pricing in a city where the overall market is much more expensive.
Frequently Asked Questions
1. Is this a good investment given the smaller lot size?
The lot is significantly smaller than the average on this street (2,279 sqft vs. 3,518 sqft) and in the neighbourhood. That can limit expansion possibilities or resale appeal for buyers who want more land. However, smaller lots often mean lower maintenance and property taxes. It depends on whether you value outdoor space or are comfortable with a compact footprint.
2. How does the assessed value compare to actual market price?
Assessed value and market price aren’t always the same. At $152,000, the assessment is slightly above the neighbourhood average, which suggests the home isn’t dramatically undervalued for the area. But citywide, it’s far below average, so if you’re comparing to other parts of Winnipeg, this is a lower-cost entry point.
3. What condition is a 1986 home likely to be in?
Built in 1986 means the home is approaching 40 years old. Major systems like roofing, HVAC, and windows may need attention depending on whether they’ve been updated. Older homes from this era often have solid construction but may lack modern insulation or energy efficiency. An inspection is recommended to check for typical wear and tear.
4. How does the neighbourhood (William Whyte) compare to others?
William Whyte is an older, inner-city neighbourhood with a mix of housing stock. The assessed values here are lower than many other parts of Winnipeg, which can mean more affordable entry pricing but also different neighborhood dynamics. It’s worth walking the area and looking at local amenities, schools, and transit access to see if it fits your lifestyle.
5. Why does the citywide rank matter if I’m buying in this neighbourhood?
The citywide rank gives you context on how this property stacks up across all of Winnipeg, not just its immediate area. For example, being in the top 97% for assessed value citywide means it’s one of the most affordable homes in the city. That can be useful if you’re comparing value across different neighbourhoods or considering long-term appreciation potential.