Property Overview: 1314 Magnus Avenue, Shaughnessy Park, Winnipeg

Key Characteristics & Buyer Profile

This 1948-built home in Shaughnessy Park presents a practical and affordable entry point into Winnipeg’s housing market. Its key appeal lies in its balance of a modest, manageable footprint with a larger-than-average lot for the immediate street. The living space is compact at 810 sqft, which is below area averages, but it sits on a 4,043 sqft lot that ranks well above the street norm. The assessed value of $177k is very typical for Magnus Avenue itself but sits notably below both the neighborhood and citywide averages, indicating a lower property tax base and a accessible price point.

The home would best suit first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance property. Its size demands efficient use of space, appealing to those who prioritize a larger yard over a large interior or who see potential in future expansions. A thoughtful perspective is that while the home is older, it is actually newer than many on its street, potentially suggesting more modern construction for its era. Its value proposition is clear: you are acquiring a proportionally generous piece of land with a modest structure, in a neighborhood where the average home is assessed significantly higher.

Frequently Asked Questions

1. How does the home’s size compare to others nearby?
At 810 sqft, the living area is below the average for both Shaughnessy Park (963 sqft) and the city overall. However, it is quite close to the size of the immediate neighbor at 1318 Magnus Avenue (809 sqft).

2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $177k is used for property tax calculation and is often a baseline. It is exactly the street average but below the neighborhood average of $236k. Market conditions, property condition, and updates will ultimately determine the sale price.

3. What is the potential for expansion or renovation given the lot size?
The 4,043 sqft lot is a standout feature, being larger than most on the street. This could provide room for additions, a garage, or outdoor living space, subject to local zoning and permit approvals.

4. How can I get accurate historical sale price data for this property?
The site does not publish MLS sale history. You must request exact sold prices and transaction history via email for a manual lookup, as noted in the data section.

5. The home was built in 1948. What should I consider regarding its age?
While built in 1948, this is newer than the 1937 average for Magnus Avenue. Buyers should still budget for potential updates to older mechanical systems, insulation, or windows, and consider a thorough inspection to assess the condition.