Property Overview: 1129 Atlantic Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 931 sqft bungalow, built in 1956, sits on a 3,996 sqft lot in the Mynarski neighbourhood. Its core appeal lies in its strong position within its immediate locale. While the home's size is below average for both the wider area and the city, its assessed value of $290K ranks notably high for Atlantic Avenue itself (top 20%), suggesting it is a well-regarded property on its street. The lot size is generous for the street and the home is newer than most of its direct neighbours.
This property would suit a first-time buyer or an investor looking for a character home in an established neighbourhood. It offers a manageable size and a lot with potential for gardening or expansion. The data indicates a buyer is getting a home that stands out positively on its block, which can be a smart entry point into a community. It's less suited for those prioritizing above-average square footage or the largest lot in the district.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The $290K assessment is above the street average but below the averages for the broader Mynarski area and Winnipeg overall. This indicates you are purchasing a well-valued property for the specific block, which may offer stability.
2. Is the living space smaller than typical?
Yes. At 931 sqft, the living area is below the average for Mynarski (1,047 sqft) and the city (1,342 sqft). Buyers should consider if the layout and lot size compensate for the compact interior footprint.
3. What does the sold price history indicate?
It last sold in October 2022 for an estimated $300K-$350K. This sale price ranked in the top 9% for the street at the time, reinforcing the property's strong standing on Atlantic Avenue.
4. How old is the home, and what does that mean?
Built in 1956, it is newer than many on its street (top 11%). While this can mean updated systems or layout, a 70-year-old home still requires a thorough inspection for its roof, wiring, plumbing, and insulation.
5. Why is the lot size described differently in various comparisons?
The 3,996 sqft lot is around average for Atlantic Avenue but below average for the larger Mynarski area. This highlights the importance of context: it's a decent-sized lot for the immediate neighbourhood but not unusually large for the wider district.