682 Magnus Avenue – Property Summary

Key Characteristics & Buyer Profile

This 1,040 sqft home sits on a 3,574 sqft lot in Winnipeg’s William Whyte neighbourhood. Built in 2014, it stands out for its age — ranking in the top 4% on the street and within the neighbourhood, and in the top 8% citywide. In an area where most homes date from the 1920s or 1930s, this property offers a notably newer structure.

Its assessed value of $249,000 is well above the neighbourhood average ($149,100) and the street average ($178,000). However, the lot size, while generous relative to the neighbourhood (top 12%), falls below citywide norms — Winnipeg’s typical comparable lot is nearly double this size. Living area is close to the street and neighbourhood averages, but below the citywide average of 1,342 sqft.

Appeal lies in the combination of modern construction and an established, centrally located neighbourhood. The home offers the practicality of a newer build — likely with more up-to-date mechanicals, insulation, and layout — without needing to pay a premium for a newer suburb. The lot is larger than typical for William Whyte, which appeals to those wanting outdoor space without leaving the inner city.

This property would suit buyers looking for a turnkey home in a neighbourhood with older character, where immediate renovations aren’t likely needed. It may be less fitting for someone seeking maximum square footage or a large yard by city standards.

FAQs

1. Given the home is newer than most in the area, what should I expect in terms of maintenance?
Being built in 2014, major systems like the roof, furnace, and windows are likely still in decent shape, but they are now roughly a decade old. It’s worth confirming original installation dates and any service history. The main advantage is that significant structural updates (knob-and-tube wiring, old plumbing) are unlikely — something neighbours in older homes may still be dealing with.

2. Why is the assessed value high for the neighbourhood but low citywide?
Assessed value reflects local market conditions and comparable sales. In William Whyte, this home’s modern construction commands a premium. But citywide, it sits in a lower-cost area relative to Winnipeg’s more expensive neighbourhoods, so the overall ranking drops. It’s a reminder that “value” is relative to context.

3. The lot is listed as 3,574 sqft — is that considered a standard size for this part of town?
In the William Whyte neighbourhood, yes. The average lot in the area is about 3,277 sqft, so this one is slightly larger than typical. But Winnipeg’s citywide average for comparable homes is 6,570 sqft, so if you’re used to sprawling suburban yards, this will feel compact. It’s a realistic inner-city lot.

4. How does the living area compare to homes nearby, and is 1,040 sqft comfortable?
It’s essentially on par with the street and neighbourhood averages — neither cramped nor oversized for the area. For a couple, a small family, or a single person, that’s a workable amount of space. It’s less suited to anyone needing multiple large common rooms or extra bedrooms.

5. What does “Top 4% for year built” actually mean for resale or insurance?
It means this is one of the newest homes on the block. That can positively affect resale because buyers often prefer lower-maintenance, modern builds. For insurance, newer construction may qualify for discounts, especially if it has updated electrical and plumbing — but always check with your provider. It also means you might pay less for immediate repairs than owners of nearby century-old homes.