Property score
46.3
Below average
Overall 46.3 · Smaller and older than most nearby homes
700 sqft (bottom 9%) · Built in 1947 (6 yrs older than avg)
Located in a above-average income area with median household income of ~82k
Transit 88.0 · 1-min walk to transit with 3 nearby routes · Within 500m: 1 school, and 1 park nearby
Living Area
Below average
26% smaller than neighborhood avg.
Year Built
Below average
6 yrs older than neighborhood avg.
Mother tongue
English · 42%Tagalog · 36%
Past 10 years Burrows-Keewatin sales snapshot (~80% of all data)
110
235k
$268/sqft
1953
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46.3 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: #46110158
$82K
Median household income
$84K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.4
P90 / P10 ratio
22%
Single-person households
37%
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
1582 Magnus Avenue — 2 amenities found within 500 m, across 2 categories, including 1 education (nearest 236 m), 1 parks (nearest 372 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 43% | Bottom 22% | Bottom 7% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 1582 Magnus Avenue
Key Characteristics, Appeal & Ideal Buyer
This is a compact, one-storey home on a generously sized lot in Winnipeg's Burrows-Keewatin neighbourhood. Built in 1947, its primary appeal lies in the land itself—the lot size of 4,771 sq ft is notably larger than most on its street and in the immediate area, placing it in the top 9% locally. This presents a clear opportunity for expansion, gardening, or outdoor space that is uncommon for the location. The dwelling is modest, with a living area of 700 sq ft, and features a detached garage.
Its value is grounded in potential rather than finished space. The very low assessed value reflects the home's size and age, making it an accessible entry point into the market. It would suit a hands-on buyer looking for a land-positive purchase, such as a first-time investor considering a future build, someone comfortable with a renovation or expansion project, or a buyer prioritizing private outdoor space over a large interior. It's a practical choice for those who see value in the underlying asset and are prepared to invest sweat equity or capital over time.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is primarily based on the existing structure's size, age, and features. The modest 700 sq ft home results in a lower assessment, even though the lot it sits on is a significant asset.
2. What does the lot size ranking actually mean for me?
Ranking in the top 9% for land area on its street means this property has one of the larger lots in the immediate vicinity. This could offer more privacy, space for additions, or a larger yard compared to direct neighbours.
3. Is the 1947 build date a concern?
While newer than many homes on its street, a home of this age will likely require attention to major systems like plumbing, electrical, and the roof. A thorough inspection is essential to understand the condition and modernization needs.
4. Who might this property not be suitable for?
It is likely not a fit for buyers seeking a move-in-ready home or who need substantial living space immediately. It is best suited for those with renovation plans, a smaller space requirement, or a strategic view of the property's long-term potential.
5. The data shows it sold in 2019 for a price similar to its current assessed value. What does that indicate?
This suggests a stable, baseline value for the property in its current state over that period. It underscores that the market has historically valued it as a land play with a modest dwelling, rather than for updated finishes or amenities.
