570 Magnus Avenue – Property Summary
Key Characteristics and Buyer Profile
This 1,584 sqft home on Magnus Avenue in Winnipeg’s William Whyte neighbourhood stands out most for its size and assessed value relative to the immediate area. The living area ranks in the top 6% on the street and top 13% in the neighbourhood, making it significantly larger than nearby homes. The assessed value of $220,000 is above both the street and neighbourhood averages, but sits well below the citywide median of $390,100—suggesting the property offers generous space at a price point that remains accessible compared to broader Winnipeg benchmarks.
Built in 1947, the home is older than the citywide average (1966) but newer than many of its direct neighbours, whose typical build year is 1937. The 3,569 sqft lot is essentially average for the street, though larger than the neighbourhood norm.
The appeal here is a clear value proposition: a roomier-than-average older home in a central neighbourhood, without the price tag that usually accompanies that kind of space citywide. It suits buyers who prioritize square footage and a reasonable entry price over a newer build or a large yard. First-time buyers, renovators, or anyone looking for a solid shell in a denser, established area would find it practical. The property’s rankings also hint at potential upside—homes on this street and in this neighbourhood that are larger and assessed higher tend to be outliers, which could matter for resale or refinancing down the line.
Frequently Asked Questions
1. How does this property compare to others on Magnus Avenue?
It’s one of the larger homes on the street (top 6% for living area) and has a higher assessed value than average. It’s also slightly newer than the typical house on the block. The lot size is close to the street average, so it’s not unusually tight or spacious compared to immediate neighbours.
2. Is the assessed value of $220k realistic for the neighbourhood?
Yes—it’s above the William Whyte neighbourhood average of $149,100, which aligns with the home’s larger size. The gap between the neighbourhood and citywide averages (over $170k) reflects the area’s generally lower price point rather than an overvaluation of this specific property.
3. The house was built in 1947—are there common issues to watch for?
That’s typical for the area (most neighbouring homes are from the 1930s). Expect original construction methods, possible older wiring or plumbing, and less insulation than modern standards. A thorough home inspection is wise, but the year built itself is not unusual for William Whyte.
4. How does the lot size affect usability?
At 3,569 sqft, it’s a standard city lot for this street—neither small nor generous by Winnipeg standards. It’s below the citywide average of 6,570 sqft, so if a large yard is a priority, this won’t deliver. But it offers enough space for basic outdoor use without requiring heavy maintenance.
5. Why is the citywide ranking for assessed value so low (top 89%)?
That ranking simply reflects how much lower the home’s value is compared to the rest of Winnipeg. With a citywide average assessed value of $390,100, this property falls well below that, placing it in the lower 11% of homes citywide. For a buyer, this means getting a large home for much less than the city median, but it also indicates the property is in a lower-value market segment overall.