542 Magnus Avenue

William Whyte, Winnipeg

Property score

22.3

Below average

Overall 22.3 · Smaller and older than most nearby homes

684 sqft (bottom 8%) · Built in 1905 (22 yrs older than avg)

Located in a below-average income area with median household income of ~39.6k

Transit 80.0 · 3-min walk to transit with 3 nearby routes · Within 500m: 2 dining spots, 3 schools, 1 healthcare facility, and 3 shops nearby

Living Area

Below average

41% smaller than neighborhood avg.

Year Built

Below average

22 yrs older than neighborhood avg.

Mother tongue

English · 69%Tagalog · 5%

Past 10 years William Whyte sales snapshot (~80% of all data)

Sold Count

703

Median price

117k

$/sqft

$87/sqft

Avg build year

1927

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Property score

22.3 is composed by the two sections below.

Property Score

20.8Low
Living Area15
684 sqftLow
Year Built10
1905Low
Lot Size46
3,568 sqftLow
Neighbourhood Sales Activity59
Fair

Community Score

24.5Low
Household Income35
Low
Education Level10
Low
Housing Stress30
Low
Core Housing Need5
Low
Employment Health15
Low

Neighbourhood Sales

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.

Market Conditions · WinnipegSeller's Market
Buyer'sBalancedSeller's

Sales-to-New-Listings

64.6%

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

65%

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.

Area census snapshot

Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110058

Community deep dive

$40K

Median household income

$44K

Average household income

37%

Low income (LIM-AT)

0.2

Income inequality (Gini)

3.3

P90 / P10 ratio

44%

Single-person households

12%

Families with children

Population, labour & age

Population (2021)536
Labour force participation rate43%
Median age38.4
Avg household size2.3
Unemployment rate25%
Population density7657 / km²

Households & income

Low income (LIM-AT, % pop.)37%
Single-person households44%
Couple families with children12%
Median household income (2020)$40K

Housing

Renter households84%
Condominium dwellings0%
Median dwelling value (owners)

Diversity, education & language

Immigrants (share of pop.)28%
Visible minority29%
Bachelor's or higher (25–64)4%
Mother tongue (1st)English · 69%
Mother tongue (2nd)Tagalog · 4%

Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.

Rankings

Living Area

below average
684 sqft
0255075100
Same streetBottom 11%Same areaBottom 8%CitywideBottom 3%
Same street · Magnus Avenue
#543 / 608
Bottom 11% · Avg 1,017 sqft
Same area · William Whyte
#1,572 / 1,707
Bottom 8% · Avg 1,158 sqft
Citywide · Winnipeg
#188,512 / 194,458
Bottom 3% · Avg 1,342 sqft

Tax-Assessed Value

below average
96k
0255075100
Same streetBottom 11%Same areaBottom 18%CitywideBottom 1%
Same street · Magnus Avenue
#539 / 608
Bottom 11% · Avg 178k
Same area · William Whyte
#1,393 / 1,707
Bottom 18% · Avg 149.1k
Citywide · Winnipeg
#193,607 / 194,458
Bottom 1% · Avg 390.1k

Year Built

below average
1905
0255075100
Same streetBottom 17%Same areaBottom 25%CitywideBottom 2%

Lot Size

above average
3,568 sqft
0255075100
Same streetTop 50%Same areaTop 15%CitywideBottom 20%

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.

Transit & Walkability

Nearby stops, routes & transit score

Nearby Amenities

Dining, education, healthcare, shopping & more

542 Magnus Avenue — 18 amenities found within 500 m, across 7 categories, including 2 dining (nearest 267 m), 3 education (nearest 129 m), 1 healthcare (nearest 276 m).

Search radius
🍽️Dining2
🏫Education3
🏥Healthcare1
🛒Shopping3
🌳Parks4
Worship4
🏛️Government1

Crime & Safety

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%

Sales History

Sold 11/2024CA$100k–150k
Sold price

Same street

Bottom 22%

Same area

Bottom 28%

City-wide

Bottom 1%
Sold 5/2022CA$100k–150k
Sold price

Same street

Bottom 21%

Same area

Bottom 27%

City-wide

Bottom 1%

Related homes

Highlights & common questions: 542 Magnus Avenue, Winnipeg

Key Characteristics & Appeal

This is a 1905 starter home near Magnus Avenue in Winnipeg’s William Whyte neighbourhood, with 684 square feet of living space on a 3,568-square-foot lot. The property is older than most comparable homes on its street, in its community, and across the city—placing it in the oldest few percent citywide. Its assessed value of $96,000 is similarly low relative to local and city averages, reflecting both the home’s age and its compact size.

The main appeal is affordability, especially the land-to-price ratio. The lot is larger than typical for the neighbourhood (top 15% in William Whyte) despite the home itself being small. For a buyer who values outdoor space or future potential—such as a garden, workshop, or expansion—this property offers a rare combination of a low entry price and a generous yard. It suits first-time buyers with limited budgets, investors looking for a low-cost renovation project, or anyone prioritizing land over square footage in an older, established part of town. The drawbacks are clear: you’re buying a small, old structure in a lower-value area, and comparables suggest limited upside without significant work.

Frequently Asked Questions

1. How does this home compare to others on the same street?
It’s among the smallest and oldest on Magnus Avenue. Living space ranks 543rd out of 608 homes, and the assessed value is similarly low. However, the lot size is about average for the street, which is unusual for a home this age and size.

2. Is the low assessed value a good thing or a red flag?
It depends on your goals. A low assessment means low property taxes, which keeps monthly costs down. But it also reflects the home’s condition and desirability relative to the market. If you’re looking for a cheap place to live with minimal overhead, it’s a positive. If you’re expecting quick appreciation, it’s less promising.

3. What’s the land really worth here?
The lot is 3,568 square feet—larger than most in the neighbourhood (top 15%) but still below the citywide average. In a market where land is increasingly valuable, this could be the asset that holds or grows in value over time, especially if the neighbourhood sees reinvestment.

4. How old is “too old” for a house like this?
Built in 1905, this home will likely need attention to foundational, electrical, and plumbing systems. A home this old isn’t automatically a problem if it’s been maintained, but you should expect some updating. It’s worth getting a thorough inspection focused on knob-and-tube wiring, lead pipes, and the condition of the original structure.

5. Who is this property not for?
It’s not for buyers who want turnkey condition, modern layouts, or a home that will resell easily in the near term. It’s also not ideal for anyone who needs more than about 700 square feet of indoor space unless they’re planning to add on. If you need financing, some lenders may also be cautious with very old, low-value properties.