Key Characteristics & Buyer Profile

This is a 1899 home on Magnus Avenue in the William Whyte neighbourhood, offering 864 sq ft of living space on a 2,727 sq ft lot. The property is assessed at $100,000 for tax purposes.

What stands out here is not the size or condition relative to city averages—by nearly every measure, this home sits below typical benchmarks. The living area is smaller than 86% of homes citywide, the lot is smaller than 92%, and the assessed value ranks in the bottom 1% across Winnipeg. The home itself is also one of the older properties on the street and in the city overall.

The appeal lies in what these numbers imply: affordability and potential. The low assessment suggests a relatively low tax burden, and the price point (which would need to be confirmed through a listing) is likely accessible compared to much of the city. For a buyer who values character, doesn't need a lot of space, and is willing to work with an older home—possibly one that needs updates—this could be a solid entry point into homeownership or an investment property. It would suit someone handy, patient, and realistic about what older, smaller homes in central Winnipeg require. It is not a turnkey property for people seeking modern finishes or generous square footage.

Five Frequently Asked Questions

1. How old is this house, and should I be concerned about its age?

The home was built in 1899. It is older than 96% of homes in the William Whyte area and older than nearly all homes citywide. Age alone isn’t a problem, but it does mean you should budget for systems that may be original or updated piecemeal. Expect to verify the condition of the foundation, roof, electrical, and plumbing before purchasing.

2. What does the low assessed value mean for my taxes and resale value?

The assessment of $100,000 is well below the neighbourhood average of $149,000 and the city average of $390,000. This usually results in lower annual property taxes. However, a low assessment can also indicate limited recent sales data or a property in below-average condition. Resale will depend on how much you improve the home and what happens to the surrounding area over time.

3. Is this a good investment for rental income?

In the William Whyte area, older homes with smaller footprints often attract tenants looking for lower rent. The low purchase price could make the numbers work if you keep renovation costs in check. That said, you’d want to research local rental demand and vacancy rates yourself, and account for the maintenance that comes with a 125-year-old building.

4. How does the lot size affect what I can do with the property?

The lot is 2,727 sq ft—smaller than 92% of citywide properties. There is not much room for additions, a large garage, or extensive landscaping. It is typical for the older urban grid in central Winnipeg. Check zoning and setback rules if you have specific plans for outbuildings or an extension.

5. Why is the property below average in so many categories?

This home reflects a common pattern in older central neighbourhoods: modest workers’ cottages from the late 19th or early 20th century that have not been expanded or heavily upgraded. The numbers show it is smaller, older, and assessed lower than most. That is not necessarily a flaw—it is simply a different tier of housing than the newer suburban stock that makes up the city’s average. For the right buyer, it means lower entry cost and less competition.