This 1,634 sqft home, built in 1925, sits on a 4,090 sqft lot in Winnipeg's William Whyte neighbourhood. The living area is notably large for its street—ranking in the top 5% on Magnus Avenue—and well above average for the neighbourhood. The lot size is also generous for the area, ranking in the top 8% locally. However, the home's assessed value, at $187,000, is only around average for the street and above average for the neighbourhood, but well below citywide medians. This creates an interesting dynamic: the property offers substantial physical space compared to nearby homes, but its market value hasn't kept pace, likely reflecting the age of the structure and the neighbourhood's broader pricing context.
The appeal here is straightforward. A buyer gets a home with more interior and outdoor space than most comparable properties nearby, at a price point that's relatively modest by citywide standards. The home is old—built nearly a century ago—so it will appeal to someone comfortable with the character and maintenance of an older house, rather than someone seeking a turnkey, modern build. It's best suited for buyers who prioritize square footage and lot size over a newly renovated interior, and who are willing to invest time and money into updates. Investors or first-time buyers looking for a larger property in a more affordable part of the city might also find it attractive, provided they have realistic expectations about renovation needs.
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How does the assessed value compare to similar homes?
At $187,000, this property's assessed value is slightly above the street average ($178,000) and well above the neighbourhood average ($149,100). Citywide, however, it falls far below the average of $390,100 for comparable homes, reflecting how much more affordable this area is relative to Winnipeg as a whole.
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Is the lot size unusual for this neighbourhood?
Yes. At 4,090 sqft, it's larger than 92% of lots in William Whyte (top 8%) and 74% of lots on Magnus Avenue (top 26%). While it's smaller than the citywide average of 6,570 sqft, within this immediate area, the yard is considered generous.
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Is a 1925 home likely to have original features or require major work?
Both. Homes from that era often have solid framing, high ceilings, and character details like plaster walls or original trim. That said, you should expect outdated electrical, plumbing, and insulation. A thorough inspection is essential to understand the condition of the foundation, roof, and mechanical systems—these are the areas that tend to need significant investment first.
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How does the neighbourhood (William Whyte) compare to nearby areas?
William Whyte is an older, established neighbourhood with a mix of pre-war housing. It ranks in the top 11% citywide for living area and top 22% for assessed value among comparable groups. It's not a high-priced area, but it offers larger-than-average homes and lots relative to other parts of Winnipeg, making it a practical choice for buyers seeking space without a premium price tag.
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What should a buyer prioritize when viewing this property?
Given the age of the home and the discrepancy between its size and value, focus on the condition of the roof, windows, foundation, and HVAC systems. The lot size and living area are already strong points. The question isn't whether the space is good—it is—but whether the major systems can support comfortable living without immediate, costly replacements.