681 Magnus Avenue – Property Summary
Key Characteristics & Profile
This is a 1917-built home with 952 square feet of living space and a 2,463-square-foot lot. Assessed at $96,000, the property is priced well below average for its street, neighborhood, and the city as a whole. While the living area is close to the street and neighborhood average, it falls short of the citywide norm. The lot size is also smaller than typical for the area. The home’s appeal lies in its affordability relative to other properties in Winnipeg, particularly for buyers who are willing to prioritize entry-level pricing over space or a newer build. It would suit first-time buyers on a tight budget, investors looking for a lower-cost acquisition in an older, central neighbourhood (William Whyte), or buyers specifically targeting the Magnus Avenue corridor for its character and accessibility rather than square footage or lot size.
Frequently Asked Questions
1. How does this property’s value compare to others nearby?
The assessed value of $96,000 is significantly below the street average of $178,000 and the neighborhood average of $149,100. It ranks near the bottom both locally and citywide, which may reflect the home’s age, smaller size, or condition.
2. Is the living space considered small for this area?
At 952 square feet, it is slightly below the street average (1,017 sqft) and neighborhood average (1,158 sqft), and well below the citywide average (1,342 sqft). It’s around average for Magnus Avenue but on the smaller side for the broader William Whyte area.
3. How old is the house, and is that typical for the neighbourhood?
Built in 1917, the home is older than the street average (1937) and citywide average (1966), but is actually newer than the typical home in the William Whyte neighborhood (average 1927). It ranks in the top third for age within the neighborhood.
4. What does the lot size mean in practical terms?
The lot is 2,463 square feet, which is smaller than the street, neighborhood, and city averages. This likely means a compact yard with limited outdoor space—something to keep in mind if gardening, parking, or expansion are priorities.
5. What does the “Top 52%” or “Top 89%” ranking actually indicate?
These rankings show where the property falls compared to similar homes. For example, “Top 89%” for assessed value on the street means it’s in the lower 11%—so 89% of comparable homes have a higher value. A higher percentage means a worse rank for that metric. The bar fill indicates how many peers you outperform.