Property Summary: 866 Magnus Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This is a classic one-and-a-half storey home built in 1925, situated on a standard city lot in the Burrows Central neighbourhood. Its key characteristics are its solid, unrenovated condition—featuring a basement that is present but not updated, and no garage—and its modest 995 sqft of living space. The appeal here is fundamentally about value and potential. With an assessed value significantly below the city average, it presents a lower barrier to entry into the Winnipeg market. The lot size is typical for the street and area, offering a manageable outdoor space.

This property would suit a specific type of buyer: first-time homeowners or investors comfortable with a project. It’s ideal for someone seeking a straightforward, no-frills home to live in as-is while saving for future renovations, or for a buyer with the vision and budget to incrementally update it to their taste. A less obvious perspective is its appeal to those who value community consistency; the home is statistically average in nearly every metric for its immediate area, suggesting a stable, established streetscape without extreme outliers. It’s a practical choice, not a luxury one.

Section 2: Frequently Asked Questions

1. What does "not renovated" typically mean for a home of this age?
It generally indicates the home retains its original layout and core systems (like plumbing, electrical, heating). Expect older windows, kitchens, and bathrooms that are functional but dated, offering a blank canvas for future updates.

2. How does the lack of a garage affect daily life and value here?
On-street parking is common in the area. While a garage is a convenience, its absence is reflected in the accessible price point and may be a worthwhile trade-off for a budget-focused buyer.

3. The assessed value is much lower than the city average. Why?
This reflects the home’s modest size, age, unrenovated state, and its location in a neighbourhood with generally lower property values compared to the wider Winnipeg average. It is, however, aligned with values on Magnus Avenue and in Burrows Central.

4. Is the basement usable, and what are common concerns with a 1925 basement?
The basement exists but is not finished. In homes this age, basements are often used for utilities and storage. Buyers should budget for a professional inspection to check for foundational integrity, moisture management, and the condition of older plumbing and wiring.

5. The home last sold in 2021. What should I consider?
The previous sale price gives a recent market benchmark. It’s important to understand what, if any, changes were made in the last three years and to research current market conditions in Burrows Central to gauge today’s value accurately.