32.9
Below average
Property score
32.9
Below average
Overall 32.9
Smaller and older than most nearby homes
534 sqft (bottom 3%)
Built in 1905 (29 yrs older than avg)
Located in a average-income area
with median household income of ~50.8k
Transit 74.0
4-min walk to transit with 2 nearby routes
Within 500m: 3 dining spots, 2 schools, 3 healthcare facilitys, and 1 park nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
45% smaller than neighborhood avg.
Year Built
Below average
29 yrs older than neighborhood avg.
Mother tongue
English · 53%Tagalog · 20%
Past 10 years Burrows Central sales snapshot (~80% of all data)
665
215k
$209/sqft
1934
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32.9 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: #46110050
$51K
Median household income
$79K
Average household income
20%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
46%
Single-person households
22%
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
838 Magnus Avenue — 10 amenities found within 500 m, across 5 categories, including 3 dining (nearest 263 m), 2 education (nearest 273 m), 3 healthcare (nearest 349 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 16% | Bottom 6% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Property Overview
This one-storey home on Magnus Avenue presents a specific and straightforward opportunity. Its key characteristic is its proportion: a notably large 3,583 sqft lot paired with a modest 534 sqft living area built in 1905. The appeal lies almost entirely in the land itself and the potential it represents. With a detached garage and a very low assessed value, it functions as a blank canvas.
It would best suit a buyer with a clear vision and the means to execute it. This includes builders or developers looking for a lot to build new, handy homeowners planning a significant expansion or full rebuild, or investors seeking a low-entry-cost property with future redevelopment potential. It is not suited for someone seeking a move-in-ready or traditionally proportioned home.
Frequently Asked Questions
1. Is this a teardown property?
While structurally sound, the home's very small size and age mean most buyers would consider significant renovation or full redevelopment. The value is primarily in the land.
2. Why is the assessed value so much lower than typical city homes?
The assessment reflects the current state and size of the 534 sqft dwelling. It does not capture the future potential of the large lot, which is the property's main asset.
3. What are the major considerations for renovating or rebuilding?
Key factors will be the cost of bringing a 1905 structure up to modern code versus rebuilding, along with checking specific zoning bylaws for lot coverage, setback requirements, and permissible building types for the neighbourhood.
4. How does the lot size compare to the area?
The lot is above average for both Magnus Avenue and the broader Burrows Central neighbourhood, which is a significant advantage. It offers more outdoor space and redevelopment flexibility than many nearby properties.
5. What does the sale history indicate?
The previous sale in 2021 was at a very similar price to the current assessed value, suggesting a stable, land-value-based market for this specific property type in recent years.
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