Property Overview: 582 Atlantic Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1957, offering a straightforward living option in the Inkster-Faraday neighbourhood. Its primary appeal lies in its relative newness compared to most homes in the immediate area, as it is notably younger than the neighbourhood's average. With a modest 684 sqft of living space and an unrenovated basement, it presents a no-frills canvas. The detached garage and a 2,554 sqft lot provide practical, low-maintenance outdoor space.
The home suits first-time buyers or investors seeking an entry point into the market with lower property taxes, given its assessed value is significantly below the city average. It’s a pragmatic choice for those who prioritize function and potential over finished charm, or for someone looking for a manageable property to customize over time. A less obvious perspective is that its smaller size and simpler layout could be ideal for someone seeking to minimize living costs and complexity, or as a strategic hold in an area where the land itself may represent the core long-term value.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 684 sqft, the living area is below average for the street, neighbourhood, and city. It is among the smaller homes in the area, which translates to less space to maintain and heat.
2. Why is the assessed value so much lower than the city average?
The assessed value of $19,800 is typical for Inkster-Faraday but ranks in the top 92% lowest city-wide. This reflects the home's modest size, condition, and the broader market values of the neighbourhood compared to Winnipeg as a whole.
3. What does it mean that the home is "newer" than area averages?
Built in 1957, this home is significantly newer than most in Inkster-Faraday, where comparable homes average a build year of 1930. This could suggest potentially fewer issues associated with very old plumbing, wiring, or foundations.
4. What was the recent sale history?
Public records indicate a sale between $20.5k and $23.5k in January 2022. For the exact sale price, you can request details directly from the listing source.
5. What are the key features and drawbacks?
Key features include its post-war build date, detached garage, and manageable lot. The main drawbacks are the below-average living space and the unrenovated basement, which may require investment to finish.