351 Magnus Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a newly built home (2023) on Magnus Avenue in the William Whyte neighbourhood. With 1,426 square feet of living space, it ranks among the top 10% of homes on its street and top 21% in the area. Its assessed value of $283,000 is notably high for the neighbourhood—top 3% locally—but sits below the citywide average. The land area is modest at 2,728 square feet, ranking in the lower third citywide.
The appeal here is straightforward: a modern, turn-key house in an older, established neighbourhood where most homes date back to the 1930s. You get new construction without paying new-suburb prices. The trade-off is a smaller lot than what you'd find in many older or suburban homes. This property suits buyers who prioritize a move-in-ready home with contemporary finishes over land size, and who want to avoid major renovations. It may also appeal to those betting on the William Whyte area continuing to appreciate, given the sharp contrast between this home's assessed value and the neighbourhood average.
Frequently Asked Questions
1. How does the living space compare to other homes in the area?
The home is well above average locally. Its 1,426 sqft is about 23% larger than the William Whyte average (1,158 sqft). On Magnus Avenue specifically, it ranks in the top 10%.
2. Is the assessed value a realistic estimate of market price?
Assessed value and market value are not the same, but this property's assessment is notably high for the neighbourhood—top 3%. That suggests the city appraiser sees it as a premium home in the area. Still, final sale price depends on market demand, condition, and competing listings.
3. Why is the land area so small compared to citywide averages?
The average lot size in Winnipeg is over 6,500 sqft, largely driven by post-war suburban lots. This home sits on a 2,728 sqft lot, which is typical for infill builds on older city streets where lots were subdivided or originally smaller. It's about average for Magnus Avenue but well below the city norm.
4. Who typically buys homes like this in William Whyte?
Buyers tend to be first-time homeowners who want something newer and worry-free, or investors targeting tenants who prefer a modern unit in a central location. It's less common for families seeking large yards or buyers looking for a character fixer-upper.
5. How does the year built affect the property's standing?
This home is among the newest in the entire city—ranked in the top 1% citywide by year built. In a neighbourhood where the average home was built in 1927, that's an extreme outlier. This means lower likelihood of immediate major repairs but also less architectural character and potentially higher property taxes compared to older homes with lower assessments.