448 Magnus Avenue – Property Summary
Key Characteristics
This is a 1977-built home with 960 square feet of living space on a 3,563 sqft lot. Its size is very close to the average for the street and slightly below average for the broader community. The property’s assessed value of $201,000 is notably higher than the surrounding William Whyte neighbourhood average of $149,000, but still well below the citywide average of $390,000.
The appeal here is subtle rather than obvious. The house is newer than most of its neighbours (the street average is 1937, the neighbourhood average is 1927), which could mean fewer major structural updates are needed compared to older homes in the area. The lot is slightly larger than the community average, offering decent outdoor space for a central neighbourhood.
This property would suit buyers who want a reasonably modern home in a well-established, older neighbourhood without paying a premium for a larger house. It’s less suited for someone looking for maximum square footage or a large yard by city standards. The assessed value suggests the home has held or gained relative value in its immediate context, which may appeal to buyers focused on long-term stability rather than quick appreciation.
Five Possible FAQs
1. How does this home compare to others on Magnus Avenue?
It’s close to average in size and land area, but significantly newer (built 1977 vs. a street average of 1937). The assessed value is slightly above the street average, ranking in the top third.
2. Is the property a good value for the neighbourhood?
Assessed value is about 35% above the neighbourhood average, which could reflect the newer construction. Whether that translates to market value depends on condition and recent sales, but the assessment suggests it’s not a budget option within William Whyte.
3. How does the lot size work for gardening or outdoor use?
At 3,563 sqft, the lot is slightly above the community average but well below the citywide average. It’s a manageable urban lot—enough for a garden or small patio, but not oversized for a family needing extensive outdoor space.
4. What should I look out for with a 1977 build?
It’s newer than most homes in the area, but not new. Typical items to check include windows, roof age, plumbing, and insulation standards from that era. Electrical systems from the late ’70s can also vary in quality.
5. Is the home in a rising or stable part of the city?
William Whyte is an older, centrally located neighbourhood. The property’s higher assessed value relative to the community suggests it’s not in a declining area, but citywide ranking (bottom 8% by assessed value) indicates it’s not in a high-demand district by Winnipeg standards. Stability, not rapid growth, is the more likely trend here.