49.8
Below average
Property score
49.8
Below average
Overall 49.8
Compared with neighbourhood average
980 sqft (top 45%)
Built in 1924 (10 yrs older than avg)
Located in a above-average income area
with median household income of ~77k
Transit 92.0
3-min walk to transit with 5 nearby routes
Within 500m: 1 dining spot, 1 healthcare facility, 3 parks, and 1 fuel station nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
2% larger than neighborhood avg.
Year Built
Near average
10 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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49.8 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
1062 Magnus Avenue — 7 amenities found within 500 m, across 5 categories, including 1 dining (nearest 95 m), 1 healthcare (nearest 123 m), 3 parks (nearest 396 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 16% | Top 24% | Bottom 18% |
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 1924, presents a practical opportunity in Winnipeg's Burrows Central neighbourhood. Its key appeal lies in a renovated basement and a detached garage, sitting on a roughly 3,000 sqft lot. The home itself is compact at 980 sqft of living space, which is fairly typical for the immediate area. A standout point is its assessed value, which ranks notably higher than many of its local peers, suggesting it may have features or conditions that are officially valued above the neighbourhood norm. It last sold in December 2020 for $230,000.
This property would suit a first-time buyer or an investor looking for a character home with some updates in a established neighbourhood. Its manageable size and already-completed basement renovation reduce the immediate need for major projects. The lot size offers potential for outdoor space or future expansion, subject to local regulations. Buyers seeking a move-in ready, low-maintenance starter home with a classic layout will find its profile straightforward.
Frequently Asked Questions
Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. A buyer should verify its compliance with local zoning and building codes, especially if rental income is a consideration.
How does the high assessed value compared to neighbours affect property taxes?
While a higher assessed value can indicate positive attributes, it is also a primary factor in calculating property taxes. Buyers should budget accordingly, as taxes may be proportionally higher than for some nearby homes.
What is the significance of the "one-and-a-half storey" design?
This classic Winnipeg design typically features a main floor with principal rooms and a second floor under sloped ceilings, often with cozier bedrooms. It offers character but may have less full-height space than a true two-storey.
Are the mechanical systems (roof, furnace, plumbing) original or updated?
Given the home's age (102 years), the condition and age of major systems are a crucial consideration. The listing does not detail these updates, so an inspection is highly recommended.
How does the sale history and 2020 sale price inform the current value?
The 2020 sale provides a recent benchmark, but market conditions have likely shifted. Comparing this to current listings and sales in Burrows Central will be essential for understanding today's fair market value.
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