51.9
Fair
Property score
51.9
Fair
Overall 51.9
Older than most nearby homes
1,240 sqft (top 33%)
Built in 1903 (24 yrs older than avg)
Located in a average-income area
with median household income of ~58k
Transit 80.0
4-min walk to transit with 3 nearby routes
Within 500m: 2 dining spots, 3 schools, 1 healthcare facility, and 3 shops nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
7% larger than neighborhood avg.
Year Built
Below average
24 yrs older than neighborhood avg.
Mother tongue
English · 67%Tagalog · 17%
Past 10 years William Whyte sales snapshot (~80% of all data)
703
117k
$87/sqft
1927
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51.9 is composed by the two sections below.
Property Score
Community Score
William Whyte
How to read: Share of sales in each ~$50k price band for “william whyte” (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: #46110057
$58K
Median household income
$62K
Average household income
25%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.2
P90 / P10 ratio
26%
Single-person households
26%
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
505 Magnus Avenue — 18 amenities found within 500 m, across 7 categories, including 2 dining (nearest 376 m), 3 education (nearest 71 m), 1 healthcare (nearest 154 m).
William Whyte · WPS public data · 2026
Annual incidents
160
2026
vs. city avg
+442%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
50%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 16% | Bottom 22% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
This is a 1,240 sqft home on Magnus Avenue, built in 1903. The lot measures 2,727 sqft. Compared to other properties on the same street, the living space is notably generous—ranking in the top 18%. Within the William Whyte neighbourhood, it sits near the middle for size, and city-wide it's about average. The assessed value, however, is well below typical figures: it falls in the bottom 16% on the street, bottom 27% in the neighbourhood, and bottom 1% city-wide. That gap between a spacious interior and a low tax assessment is the central feature here. The house is old (even by local standards, where 1927 is the neighbourhood average), and the land is on the smaller side for the area. The appeal lies in getting significant interior square footage at a low assessed value—meaning lower property taxes relative to similarly sized homes nearby. This would suit a buyer who values interior space over lot size, is comfortable with an older home (1903 construction), and is looking for a property where the tax burden doesn't match the square footage. It may also appeal to someone who sees potential in a house that's under-assessed relative to its peers.
1. Why is the assessed value so low compared to other homes with similar square footage?
The assessment reflects factors beyond just living area—including the age of the property, lot size, condition, and neighbourhood trends. At 1903, this home is older than the street and neighbourhood averages, and its lot is smaller than typical for the area. Those factors likely bring the valuation down despite the generous interior.
2. Is this a good investment property given the low taxes?
The low assessed value keeps property taxes modest, which can improve cash flow for a rental. But keep in mind that older homes often come with higher maintenance costs and may need updates to meet rental standards. The smaller lot also limits future redevelopment potential.
3. How does the square footage compare within William Whyte specifically?
It's slightly above average for the neighbourhood—ranking 570th out of 1,707 properties, in the top third. So it's not unusually large for the area, but it's comfortably bigger than the local median of roughly 1,158 sqft.
4. What should I look out for with a house built in 1903?
Original systems (electrical, plumbing, foundation) may need updating or already have been. It's worth checking for knob-and-tube wiring, lead pipes, and whether the foundation has settled. Older homes in this part of Winnipeg can also have issues with insulation and windows. A thorough inspection is strongly recommended.
5. Is the small lot a drawback or an advantage?
It depends on your needs. A smaller lot means less yard maintenance and a lower tax assessment. But it also limits outdoor space, parking expansion, or any future addition. If you're looking for a garden or room to build, this property would not be the best fit.
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