Property Overview & Key Characteristics
This renovated cabover-style home at 375 Magnus Avenue in Winnipeg's William Whyte neighbourhood offers a modern, low-maintenance living option in an established area. Its primary appeal lies in its relative newness and updated condition compared to much of the surrounding housing stock. Built in 2018, it is newer than approximately 95% of homes in Winnipeg, meaning major systems like roofing, plumbing, and electrical are contemporary and likely under less immediate strain. The home features an attached garage, a renovated basement, and a living area of 1,112 sqft on a standard city lot.
The property suits first-time buyers or investors seeking a turnkey home without the immediate concerns of an older property’s upkeep. Its assessed value ranks highly within its immediate street and neighbourhood, suggesting it is perceived as a solid asset in the area. A thoughtful perspective is that this home represents a "bridge" property—it provides modern comforts within a neighbourhood rich in character and history, appealing to those who value convenience but aren’t seeking a suburban-style development. It may also attract buyers looking for a foothold in the city with a structure that requires less ongoing renovation budget than the century-old homes nearby.
Frequently Asked Questions
1. How does the age of this home compare to others in the area?
This home was built in 2018, making it significantly newer than most properties in William Whyte. It ranks in the top 2% for year built within its neighbourhood, meaning it is among the very newest homes available here.
2. What does the assessed value tell me about this property?
With an assessed value of $27,300, this property is assessed higher than 96% of homes in the William Whyte neighbourhood. This typically indicates the property has features (like its newness and renovations) that are valued above the area's average.
3. Is the basement finished?
Yes, the basement has been renovated, adding to the liveable space and modern feel of the home.
4. What type of building is a "cabover"?
A cabover is a specific architectural style where the second story extends over part of the ground floor, often creating a distinctive street presence. It typically offers an efficient use of the building footprint.
5. How does the lot size compare?
The land area is 2,728 sqft, which is a standard city lot size for the area. It ranks in the top 32% on its own street, meaning it is slightly larger than many of its immediate neighbours.