Property Summary: 654 Magnus Avenue

Key Characteristics & Buyer Profile

This is a newly built home (2017) in Winnipeg’s William Whyte neighbourhood, offering a clean break from the area’s older housing stock. With 1,114 sq ft of living space, it sits slightly above the street average but near the middle for the neighbourhood and city—enough room for most buyers, but not oversized. The lot is 3,573 sq ft, generous by local standards (top 13% in the community) but modest city-wide.

The standout feature is the assessed value: at $293,000, it’s well above typical homes on Magnus Avenue (top 6%) and exceptionally high within the neighbourhood (top 2%), yet below the city average. This suggests a property that’s been upgraded or newly built in an area where most homes are older and lower-valued. It’s a significant asset in its immediate surroundings, but not a luxury property by citywide measure.

This home would suit a buyer who wants a relatively new, move-in-ready house in an established inner-city neighbourhood, without paying suburban new-build prices. It may also appeal to someone who values strong relative positioning for resale within the area—this home stands out on its street and in its community. Less obvious: it could be a fit for an investor or buyer looking for a property that’s already appreciated locally but still priced below the city median, offering potential for further gains as the neighbourhood changes.

Possible FAQs

1. How does the property’s assessed value compare to similar homes nearby?
   The assessed value of $293,000 is significantly higher than the street average ($178,000) and the neighbourhood average ($149,000), placing it in the top 2% for William Whyte. However, it’s below the citywide average of $390,000, reflecting the neighbourhood’s generally lower values.

2. Is the house considered new or old in this area?
   Built in 2017, it’s among the newest homes on the street (top 3%) and in the community (top 3%). Citywide, it also ranks in the top 5% for newer construction. In a neighbourhood where the average building date is around 1927, this is a rare modern property.

3. How does the lot size compare to others in the city?
   At 3,573 sq ft, the lot is about average for Magnus Avenue but well above the community average (top 13%). Across Winnipeg, it’s smaller than typical (bottom 20%), so buyers expecting a large suburban yard may be disappointed, but it’s standard for an older urban neighbourhood.

4. What type of buyer would this property suit best?
   It’s ideal for someone who wants a newer home without leaving the inner city—perhaps a first-time buyer, a downsizer, or someone relocating within Winnipeg who values modern construction. It could also work for an investor eyeing a property that stands out locally but still trades below city median prices.

5. What does the “progress bar” ranking system actually show?
   The coloured bars compare this property to others on the same street, in the same community, and across Winnipeg. A longer bar means it ranks higher (e.g., newer, larger, or higher assessed value) relative to that group. Red, blue, amber, and grey indicate different performance levels, with “average” serving as the midpoint.