109 Atlantic Avenue

Property Summary: 109 Atlantic Avenue, Winnipeg

Key Characteristics & Appeal

This home at 109 Atlantic Avenue in the Luxton neighbourhood presents a straightforward, value-oriented opportunity. Built in 1911, it is a historic property with a modest 920 sqft living space on a 3,053 sqft lot. The data suggests it is a quintessential "average" home within its immediate area—its living area and assessed value rank near the middle compared to its Atlantic Avenue peers. This positioning is central to its appeal: it offers an entry point into the housing market without the premium often attached to larger, renovated, or newer homes in the city.

Its primary suit is for the pragmatic, first-time buyer or an investor seeking a functional property with established neighbourhood character. The value lies in its relative affordability and the potential it represents, rather than in top-tier finishes or size. A thoughtful perspective is that its very "averageness" for the street provides a stable, lower-risk benchmark; you're not overpaying for outlier features. The lot size, while below the citywide average, is typical for the area and is manageable for those seeking minimal yard maintenance. It’s a property for someone comfortable with the needs of an older home and who sees potential in a solid, unpretentious foundation.

Frequently Asked Questions

1. Is this a good value for the area?
Based on the provided metrics, its assessed value and living area are both around the average for Atlantic Avenue itself. This suggests the property is priced in line with its direct neighbours, offering a fair market entry point without immediate equity from undervaluation.

2. What should I know about a house built in 1911?
Prospective buyers should budget for and prioritize an inspection focused on aging infrastructure. This includes the roof, foundation, plumbing, and electrical systems. While it offers classic charm, updates and maintenance consistent with its age are likely.

3. How does the lot size compare?
At just over 3,000 sqft, the lot is below the Winnipeg city average but is typical for the Luxton neighbourhood. It provides a manageable outdoor space but may not suit those looking for extensive gardening or large private yards.

4. What can recent sale prices tell me?
The home sold in the $150k-$200k range in 2017 and the $100k-$150k range in 2016. These figures, while historical, indicate a historically affordable price point. For the most accurate and recent sale price to inform your offer, you can request the exact data from the site.

5. Who would this property not suit?
It may not be ideal for buyers seeking a modern, move-in-ready home without any projects, or for those who need significant space. Its appeal is geared towards those willing to embrace an older home's character and potential maintenance.