431 Magnus Avenue – Property Summary

Key Characteristics & Buyer Profile

This is a 2010-built home in the William Whyte neighbourhood of Winnipeg, with 814 sqft of living space on a 2,727 sqft lot. Its assessed value is $238,000.

What stands out immediately is the age of the home. Built in 2010, it ranks in the top 6% on its street and top 11% citywide for newer construction. In a neighbourhood where the average home was built in 1927, this property offers modern construction, likely meaning better insulation, electrical systems, and fewer immediate renovation needs than older stock. The assessed value—$238,000—is significantly above both the street average ($178,000) and neighbourhood average ($149,100), reflecting that newer builds command a premium in this area.

However, the trade-off is size. At 814 sqft, the living area is below average on every level: street, neighbourhood, and city. Similarly, the 2,727 sqft lot is smaller than most nearby properties. You’re paying for recency and condition, not square footage or yard space.

Who it suits: This home is ideal for buyers who prioritize low-maintenance, move-in-ready condition over space. It would work well for a first-time buyer, a couple, or someone downsizing from an older, larger home who wants something newer and more efficient without leaving the central Winnipeg area. It’s less suited for families needing multiple bedrooms or buyers wanting a large garden or workshop space.

Frequently Asked Questions

1. Why is the assessed value so much higher than the neighbourhood average if the home is smaller?

Because value isn’t just about square footage. The home’s 2010 construction date is a major driver. Newer homes typically have modern mechanicals, better energy efficiency, and lower deferred maintenance. In an area like William Whyte, where the vast majority of homes are nearly a century old, a newer build is a relative rarity that commands a premium.

2. Is 814 sqft enough for a family?

It depends on the family. The floor plan isn’t described here, but 814 sqft is compact. It would be comfortable for a couple or a single person, and possibly a small family with one child, but likely tight for two or more children unless the layout is exceptionally efficient. It’s worth viewing the actual layout to see how the space is used.

3. How does the small lot affect things like parking or gardening?

At 2,727 sqft, the lot is below the neighbourhood average of 3,277 sqft. This likely means a smaller front and back yard. You should check whether there is off-street parking (a driveway or garage) or if you’d need to rely on street parking. The yard will require less maintenance, which some buyers see as a plus.

4. What does “below average” living area mean for resale value?

Smaller homes often appeal to a narrower buyer pool, which can affect how quickly it sells. However, this home’s newer construction partly offsets that. The assessed value already reflects the premium for age, so the price is already “priced in” for its size. Future value will depend on whether the neighbourhood continues to see demand for newer, smaller homes versus larger, older ones.

5. What’s the neighbourhood like in terms of property trends?

William Whyte is an older central neighbourhood with a mix of well-maintained and fixer-upper homes. Properties built in 2010 are outliers here. The ranking data shows this home is among the top 8% of assessed values in the area, which suggests it’s on the higher end for the neighbourhood. Buyers should consider whether they’re comfortable with the surrounding housing stock and whether the area is stable or changing in character.