Property Overview: 615 Atlantic Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This one-and-three-quarter storey home, built in 1914, presents a classic character property with modern updates. Its key features include a renovated basement and a detached garage. With 980 square feet of living space, it sits around the average for its immediate Inkster-Faraday neighborhood and Atlantic Avenue street, offering a comfortably sized layout without being oversized. The assessed value of $220k is similarly positioned as average for the local area, suggesting a stable, entry-to-mid-level market valuation.
The appeal lies in its balance of historic charm and practical updates within an established community. It suits first-time homebuyers or downsizers seeking a manageable, updated home without a sprawling footprint. A thoughtful perspective is its lot size: at 2,353 sqft, the land area is notably smaller than most local and city-wide comparables. This translates to lower exterior maintenance—a potential benefit for those seeking a character home without a large yard to upkeep. The recent sale history indicates stable value in the neighborhood, appealing to buyers looking for a sensible, grounded investment in a well-defined area.
Frequently Asked Questions
1. How does the home’s size compare to others in Winnipeg?
While the living space is typical for the Inkster-Faraday area, it is below the city-wide average. This positions the home as a more compact, efficient option compared to many newer suburban properties.
2. What does the assessed value tell me about this property?
An assessed value of $220k is around the local average, indicating the home is priced consistently within its immediate market context and is not an outlier, either high or low, for the neighborhood.
3. The home was built in 1914. What should I consider?
While the basement has been renovated, a home of this age will likely have character-appropriate features but may also come with maintenance considerations typical of early 20th-century construction, such as original plumbing or electrical systems that may need attention.
4. The lot size seems small. Is that a disadvantage?
The land area is significantly smaller than averages for the street, area, and city. This is a advantage for buyers seeking minimal yard work but could be a limitation for those wanting extensive outdoor space, gardens, or future expansions.
5. Where can I find the exact historical sold prices?
The provided data shows estimated price ranges. To obtain the precise sale figures from the listed transactions, you must request them directly via the email system provided on the listing page, as this information is verified and shared manually.