750 Magnus Avenue – Property Summary
Key Characteristics & Buyer Profile
This is a compact, older home in Winnipeg’s William Whyte neighbourhood, built in 1903. Its standout feature is the land: the lot is 3,578 sqft, which is roughly average for the street but places it in the top 11% of the neighbourhood—meaning most nearby homes sit on smaller parcels. Inside, the living area is 596 sqft, well below street, neighbourhood, and city averages. The assessed value of $103,000 also sits below local medians, though less dramatically so within the neighbourhood (top 76%) than on the street itself.
The property’s appeal lies in its land-to-footprint ratio. For a buyer who values outdoor space, a larger yard, or the potential to expand or redevelop, this lot offers flexibility that many nearby homes don’t. It’s not a turnkey family home—square footage is tight—but it could suit someone looking for an affordable entry point into the area with room to add value through renovation, an addition, or a new build. It would likely attract investors, renovators, or first-time buyers who prioritize lot size over immediate interior space and are comfortable with an older structure.
Frequently Asked Questions
1. How does the assessed value compare to similar homes nearby?
The property’s $103,000 assessed value is below the William Whyte neighbourhood average of $149,100, and ranks in the top 76% of comparable homes there. On the street itself, it ranks in the top 85%. It’s significantly below the citywide average of $390,100, which reflects both the home’s age and size relative to newer, larger properties across Winnipeg.
2. Is the 1903 construction year a concern?
It is an older home—older than 92% of homes on Magnus Avenue and 99% citywide. This can mean higher maintenance, outdated systems, and potential for lead paint or knob-and-tube wiring. But older homes in this part of the city often have solid bones and character details; a thorough inspection is essential to understand what you’re taking on.
3. What are the possibilities for expanding the living space?
With a 3,578 sqft lot and a 596 sqft footprint, there is room to add square footage, depending on zoning and setback rules. A rear addition, a second storey, or a detached secondary suite could be options. Buyers should check city bylaws before planning, but the land gives you more room to work with than most homes in the neighbourhood.
4. Who typically buys homes of this size and age in William Whyte?
The neighbourhood draws a mix of first-time buyers, investors, and renovators. This property, in particular, appeals to buyers who see the land as the primary asset and are willing to put work into the structure. It’s less suited for someone looking for a move-in-ready family home.
5. How does the land area compare to the rest of Winnipeg?
At 3,578 sqft, the lot is below the citywide average of 6,570 sqft (top 80%), but well above the neighbourhood average of 3,277 sqft (top 11%). So while it’s not large by city standards, it’s generous for William Whyte and gives you more yard than most neighbours have.