533 Magnus Avenue – Property Summary

Key Characteristics and Buyer Profile

This 1,558 sqft home on Magnus Avenue in Winnipeg’s William Whyte neighbourhood stands out primarily for its generous interior space. Compared to other properties on the same street, it ranks in the top 7% for living area—roughly 50% larger than the street average. This puts it well above typical homes in the neighbourhood and citywide, where it still lands in the top 27%. For buyers who prioritize square footage over lot size or a modern build, this is the property’s strongest asset.

The year built (1914) places it among older homes locally. It’s around average for the street and neighbourhood, but falls in the bottom 11% citywide. That’s not unusual for Winnipeg’s older core, but buyers should expect the maintenance and character that come with a pre-war house. The land area is notably small—2,463 sqft—ranking in the bottom 18% on the street and bottom 3% citywide. You won’t get a big yard here; this is a compact urban lot.

The assessed value of $154k is roughly average for the street and neighbourhood, but very low compared to the citywide average of $390k. That reflects both the older housing stock and the neighbourhood’s position in the market. The appeal lies in getting a spacious interior at a price point far below Winnipeg’s median home value. It suits buyers who want room to spread out inside, prefer a smaller lot with less upkeep, and are comfortable with an older home in an established neighbourhood—especially first-time buyers or those looking to live closer to downtown without paying a premium for land.

Five Possible FAQs

1. How does the living area compare to typical homes in the area?
It’s significantly larger. On Magnus Avenue, the average living area is 1,017 sqft—this home is over 500 sqft bigger. Even within the wider William Whyte neighbourhood, it’s in the top 14% for size. So if you need space for a family, a home office, or just value open room, this is well above what’s typical nearby.

2. The house was built in 1914—what should I know about maintenance?
Homes of this age often have upgraded electrical, plumbing, or foundations over the decades, but it’s not guaranteed. You’ll want an inspection focused on the roof, windows, and insulation. The older construction can also mean thicker walls and quality materials, but be prepared for potential updates to systems that may still be original.

3. Why is the assessed value so low compared to the city average?
This home is in a core neighbourhood where land values are lower, and the stock is older and smaller-lot compared to newer suburbs. The citywide average of $390k includes many larger, newer homes on bigger lots. This property’s assessed value reflects the local market, not a reflection of its interior size.

4. The lot is only 2,463 sqft—is that an issue?
Only if you want a large yard for gardening, play space, or expansion. For buyers who prefer low-maintenance outdoor space or like the idea of a smaller footprint to reduce yard work, it’s a practical choice. Street parking and any rear lane access would be worth checking if you have vehicles or need storage.

5. What is the neighbourhood like?
William Whyte is a mature, central Winnipeg neighbourhood close to the North End and downtown. It has a mix of older homes, some in various states of renovation. It’s not a high-demand area citywide, which keeps prices accessible. Proximity to amenities like bus routes, convenience stores, and schools varies block by block—worth walking the area to get a feel for the immediate street.