Property Overview: 548 Atlantic Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, century-old home (built 1914) in the Inkster-Faraday neighbourhood. Its key characteristics are its modest, efficient scale—offering just over 1,000 sqft of living space across one and three-quarter storeys—and a smaller, manageable lot. The basement exists but is not renovated, and there is no garage or pool.
The appeal lies in its straightforward, no-frills practicality. For its immediate area and neighbourhood, the home is consistently "around average" in size, assessed value, and age, representing a typical entry-point property here. It suits a specific buyer: someone seeking an affordable, low-maintenance footprint, likely a first-time homebuyer or an investor looking for a rental property. Its value is in being an uncomplicated, functional home in an established area, without the upkeep demands or price tag of larger, newer builds. A thoughtful perspective is that its smaller lot and average neighbourhood rankings might actually be a benefit for those wishing to minimize yard work and property taxes while still gaining a foothold in the market.
Section 2: Frequently Asked Questions
1. What is the actual recent sold price?
The available public data shows a sold price range of $18.5k to $21.5k in January 2017. For the exact sale price, you must request it via email from the site, as they manually provide this data to ensure accuracy.
2. How does this home compare to others in the area?
Within the Inkster-Faraday neighbourhood and on Atlantic Avenue itself, this home is consistently around the average for living area, assessed value, and year built. Its lot size, however, is below average for the area.
3. What does "one & 3/4 storey" mean?
This is a common Winnipeg architectural style. It typically means the home has a full main floor and a second floor where the roofline slopes inward, making some of the upper rooms have slanted ceilings or slightly less square footage than a full two-storey home.
4. Is the basement usable?
The listing confirms a basement exists but specifies it is "not renovated." This suggests it is in a functional, likely unfinished state, suitable for utilities and storage but not as living space without potential upgrades.
5. Why is the city-wide assessed value comparison so different?
The assessed value is around $20,500, which is average for Inkster-Faraday but ranks in the top 91% city-wide (meaning it's lower than about 90% of Winnipeg homes). This highlights the significant variation in property values between different neighbourhoods and property types across Winnipeg.