Property score
53.1
Fair
Overall 53.1 · Older than most nearby homes
965 sqft (top 41%) · Built in 1932 (21 yrs older than avg)
Located in a above-average income area with median household income of ~72k
Transit 80.0 · 4-min walk to transit with 3 nearby routes · Within 500m: 1 school, 1 shop, and 1 park nearby
Living Area
Near average
2% larger than neighborhood avg.
Year Built
Below average
21 yrs older than neighborhood avg.
Mother tongue
English · 67%Tagalog · 14%
Past 10 years Burrows-Keewatin sales snapshot (~80% of all data)
110
235k
$268/sqft
1953
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53.1 is composed by the two sections below.
Property Score
Community Score
Burrows-Keewatin
How to read: Share of sales in each ~$50k price band for “burrows-keewatin” (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: #46110157
$72K
Median household income
$82K
Average household income
31%
Low income (LIM-AT)
0.3
Income inequality (Gini)
4.2
P90 / P10 ratio
14%
Single-person households
35%
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
1507 Magnus Avenue — 3 amenities found within 500 m, across 3 categories, including 1 education (nearest 495 m), 1 shopping (nearest 336 m), 1 parks (nearest 285 m).
Burrows-Keewatin · WPS public data · 2026
Annual incidents
14
2026
vs. city avg
-53%
relative to avg
Year-over-year
▼ -95%
vs. prior year
Primary type
Property
36%
1507 Magnus Avenue: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This is a 965-square-foot home built in 1932 on a large 5,963-square-foot lot. The living space is slightly below the citywide average—Winnipeg homes average around 1,342 square feet—but roughly in line with what’s typical for its immediate area, Burrows-Keewatin. The assessed value sits at $171,000, which lands it in the bottom 5% citywide, suggesting a more affordable entry point compared to most of Winnipeg’s housing stock.
The main draw here is the land. The lot ranks in the top 3% on Magnus Avenue and top 9% within Burrows-Keewatin, which is unusually large for a home of this size and age. This creates potential for expansion—adding a garage, workshop, garden space, or even subdividing, if zoning allows. The home itself is modest and older, so it likely needs updates, but the price reflects that. The property suits buyers who prioritize land and location over move-in-ready finishes: first-time buyers looking for a foothold, renovators, or anyone who wants outdoor space without paying a premium for a newer house. It’s less suited for someone seeking a turnkey property or a home with modern square footage.
1. Why is the assessed value so low compared to the rest of Winnipeg?
The value reflects the home’s age and size relative to the citywide average, as well as its condition. Assessed value isn’t market price—it’s a benchmark for taxes. A low citywide rank (bottom 5%) often means the home is older, smaller, or in a less expensive area. In this case, it’s a mix of all three: a 1932 build with 965 square feet in Burrows-Keewatin.
2. Is the large lot usable right away, or does it need work?
Most likely usable as is for gardening, storage, or parking. But with an older home and a large lot, there could be overgrown vegetation, old sheds, or grading issues. A site visit is the best way to assess. The lot’s top ranking suggests it’s a standout feature, but “elite” doesn’t guarantee it’s manicured.
3. How do the living area and land compare to other homes on Magnus Avenue?
Your living area is slightly below the street average of 1,017 square feet—about 5% smaller. But your lot is in the top 3% on the same street, which is an unusually strong contrast. Most homes on Magnus are likely on more modest lots, so this property is an outlier in land size.
4. Should I be concerned about the year built and citywide ranking?
1932 is an older home, and the bottom 18% citywide ranking for year built confirms that. But age isn’t automatically a problem—it depends on maintenance. Older homes often have solid framing and good bones, but you’ll want to check plumbing, wiring, insulation, and the foundation. The fact that it’s ranked low citywide means most Winnipeg homes are newer, which is worth knowing for your resale considerations.
5. How does this property compare to others in Burrows-Keewatin overall?
It’s roughly average in living space (top 41%), below average in assessed value (bottom 11%), and among the oldest (bottom 4% for year built). The standout stat is land—top 9% in the area. So you’re getting more land than most neighbors, in a home that’s older and less valuable than half the area’s stock. That imbalance can be a strength if you’re planning to develop or enjoy outdoor space, but it may not appeal to buyers looking for everything to match.
