Property score
43.8
Below average
Overall 43.8 · Smaller but newer than most nearby homes
740 sqft (bottom 23%) · Built in 1948 (14 yrs newer 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
Below average
23% smaller than neighborhood avg.
Year Built
Above average
14 yrs newer 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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43.8 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
1041 Magnus Avenue — 7 amenities found within 500 m, across 5 categories, including 1 dining (nearest 196 m), 1 healthcare (nearest 213 m), 3 parks (nearest 398 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 | Top 31% | Top 44% | Bottom 10% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home on Magnus Avenue presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in being a modest, renovated property on a standard-sized lot, offering a straightforward entry point into the housing market.
Key Characteristics & Ideal Buyer
The 740 sqft home, built in 1948, is compact and efficient. A key feature is its renovated basement, adding functional space. The property includes a detached garage and sits on a 2,799 sqft lot, which is typical for the immediate area but smaller than the citywide average. The assessed value is notably below the Winnipeg average, indicating a lower property tax burden.
Its primary appeal is affordability and manageability. It suits first-time buyers seeking a low-maintenance starter home, or investors looking for a rental property with a stable, below-average operating cost. The renovated basement is a significant asset, potentially offering a separate income suite (subject to verification) or flexible living space. A thoughtful perspective is that while the living area is smaller than many modern homes, this can mean lower utility costs and less upkeep—a practical trade-off for the right buyer.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
This cannot be confirmed from the provided data. A buyer must verify with the city if the basement renovation meets codes for a legal secondary suite or rental.
2. How does the lower assessed value affect property taxes?
A lower assessed value generally results in lower municipal property taxes compared to a similarly sized home with a higher assessment, which is a ongoing cost advantage.
3. The home is older—what should I be concerned about?
While the basement has been renovated, a professional inspection is crucial to assess the condition of major older components like the roof, foundation, and plumbing.
4. How does the lot size compare to neighbours?
At 2,799 sqft, the lot is around the average for both Magnus Avenue and the Burrows Central area, but is less than half the size of an average Winnipeg lot, reflecting the neighbourhood's established, closer-built character.
5. Why is there such a large gap between its assessed value and the citywide average?
This reflects broader market dynamics where assessed values in central, older neighbourhoods like Burrows Central are typically much lower than in newer suburban areas, not necessarily the condition of this specific property.
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