Property score
49.3
Below average
Overall 49.3 · Older than most nearby homes
970 sqft (top 46%) · Built in 1911 (23 yrs older than avg)
Located in a above-average income area with median household income of ~77k
Transit 92.0 · 4-min walk to transit with 5 nearby routes · Within 500m: 1 dining spot, 1 healthcare facility, 3 parks, and 1 fuel station nearby
Living Area
Near average
1% larger than neighborhood avg.
Year Built
Below average
23 yrs older than neighborhood avg.
Mother tongue
English · 44%Tagalog · 35%
Past 10 years Burrows Central sales snapshot (~80% of all data)
665
215k
$209/sqft
1934
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49.3 is composed by the two sections below.
Property Score
Community Score
Burrows Central
How to read: Share of sales in each ~$50k price band for “burrows central” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110169
$77K
Median household income
$80K
Average household income
11%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
25%
Single-person households
30%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
1038 Magnus Avenue — 7 amenities found within 500 m, across 5 categories, including 1 dining (nearest 202 m), 1 healthcare (nearest 193 m), 3 parks (nearest 345 m).
Burrows Central · WPS public data · 2026
Annual incidents
26
2026
vs. city avg
-12%
relative to avg
Year-over-year
▼ -95%
vs. prior year
Primary type
Property
46%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 46% | Bottom 32% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-and-a-half storey home on Magnus Avenue, built in 1911, presents a straightforward opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in its land value and positioning as a modest, entry-level property. With a living area of 970 sqft, it offers compact, functional space. The lot size of 2,951 sqft is notably larger than many citywide comparisons, providing valuable outdoor space or future potential in a central location. The home features a detached garage and an unrenovated basement, indicating it is likely a fixer-upper or a home suited for those comfortable with a property that needs updates.
The property suits first-time buyers, investors, or handy individuals looking for an affordable entry point into the market. Its assessed value is significantly below the city average, suggesting a lower tax burden and a price point focused on the land and location rather than the current structure. A thoughtful perspective is that while the home itself is older and unrenovated, its lot size ranks well within its immediate area, offering a relative scarcity of space that newer infill properties often lack. It’s a property where the value is more grounded in its location and parcel of land than in its present condition.
Frequently Asked Questions
1. Is this a move-in ready home?
Based on the details, it is not. The basement is noted as "not renovated," and the home's age (1911) and assessed value suggest it likely requires modernization and upkeep.
2. What is the real cost advantage of such a low assessed value?
The primary advantage is a significantly lower municipal property tax bill compared to homes with a higher assessed value, which improves long-term affordability.
3. How does the lot size compare to others?
The lot is a key feature. At just under 3,000 sqft, it is larger than many lots in Burrows Central and ranks in the top 65% on its own street, offering more private outdoor space than is typical for the area.
4. Who would this property not suit?
It would not suit buyers seeking a modern, low-maintenance, or turn-key home. It is better suited for those with renovation plans, a budget for updates, or investors.
5. What does the "one-and-a-half storey" design mean?
This typically indicates a home with a main floor and a second floor under a sloped roof, often with smaller, cozier rooms or dormers. It's a classic Winnipeg design that maximizes space in a compact footprint.
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