Property Overview: 23 Atlantic Avenue, Winnipeg
Key Characteristics & Appeal
This home stands out for its significant size and modern construction within its established Luxton neighbourhood. With 2,000 sqft of living space, it ranks in the top 2% of homes on its street and top 7% within Luxton for interior area, offering substantially more room than local averages. Built in 2007, it is a notably newer property in a context of primarily older homes, ranking in the top 1% on its street for year built. This combination suggests a property that has likely benefited from more contemporary building standards and layouts while being situated in a mature area.
Its primary appeal lies in offering modern, spacious living without the typical trade-off of a distant suburban location. The assessed value of $400k positions it as a premium property on its street and in Luxton, but aligns closely with the wider Winnipeg average, indicating its valuation is driven more by its specific attributes than by an inflated neighbourhood premium.
This property would best suit buyers who prioritize space and a newer home but want the character and stability of an established community. It’s ideal for those who may find older homes too demanding in terms of updates or maintenance, or for families needing ample room. It also represents a solid value proposition for someone looking for a standout property on its block, as its metrics significantly outperform immediate neighbours while being priced in line with the broader city market.
Frequently Asked Questions
1. How does the lot size compare?
At 3,307 sqft, the land area is fairly typical for Atlantic Avenue and Luxton but is below the city-wide average. This is common for older, inner-city neighbourhoods and means the property’s value is driven by the home itself rather than an expansive lot.
2. The home was last sold between 2021-2025. What was the exact price?
The provided data shows a sold price range. To receive the exact historical sale price, you can request it via email from the listing source; they provide this detail manually without using your email for marketing.
3. What does the "Elite" or "Top X%" ranking mean?
These rankings compare this home against specific groups: others on the same street, in the Luxton neighbourhood, and across all of Winnipeg. For example, ranking in the "Top 1%" for Year Built on its street means it is newer than 99% of homes on Atlantic Avenue.
4. Is the $400k assessed value the listing price?
No, the assessed value is for municipal tax purposes. It is a strong indicator of the home’s relative worth compared to others, but the actual listing or sale price is determined by the market.
5. What are the possible trade-offs with a newer home in an older area?
While offering modern amenities, the home’s architecture and lot size may differ from the neighbourhood’s traditional character. Buyers should consider if the style fits their taste and if the smaller lot (by city standards) meets their outdoor needs, as these are the typical compromises for a newer, low-maintenance home in a central location.