Property Overview: 820 Atlantic Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of established value and modern practicality within Winnipeg's Robertson neighborhood. Its primary appeal lies in its strong standing relative to its immediate surroundings. With an assessed value of $333,000, it ranks in the top 4% on its street and top 6% in the neighborhood, indicating it is perceived as a premium property in this area. The 1,036 sqft living space is consistently above average for both the street and Robertson, offering comfortable scale.
Built in 1965, the home is notably newer than most in the vicinity, ranking in the top 5% on its street. This suggests potentially fewer concerns with aging infrastructure common in older homes and a design that aligns with more contemporary living layouts. The 4,120 sqft lot size is above average for the street, providing good outdoor space.
This property would suit a buyer looking for a well-positioned, move-in-ready home in an established community without paying a citywide premium. It’s ideal for those who value being a top-tier property on their block rather than comparing themselves to newer suburban developments. The data suggests it’s a solid, above-average holding in its specific market context.
Frequently Asked Questions
1. Why is the assessed value so much higher than the street average?
The assessed value of $333k is significantly above the street average of ~$223k, placing it in the elite tier locally. This typically reflects a combination of the home's larger living area, newer construction (1965 vs. an average year of 1933 on the street), and likely better overall condition or updates compared to neighboring properties.
2. How does the lot size compare?
At 4,120 sqft, the lot is above average for Atlantic Avenue. However, it is around average for the broader Robertson neighborhood and below the citywide average. This means you have very good private outdoor space for the immediate area, but it’s not an unusually large urban lot by Winnipeg standards.
3. The home sold between $250k-$300k in 2016. What does that indicate?
The previous sale price, coupled with the current high assessed value for the area, suggests significant appreciation over the last eight years. This points to the property being a strong investment within its community and may indicate the area itself has seen rising values.
4. Is the living area considered small?
Not for its location. At 1,036 sqft, it is above the average for both the street (1,017 sqft) and the Robertson neighborhood (977 sqft). It is, however, below the citywide average (1,342 sqft), which is skewed by newer, larger suburban homes. It offers ample space for the area.
5. What does the "Year Built" ranking tell me?
Built in 1965, this home is newer than 95% of comparable homes on its street and 98% in Robertson. This is a significant advantage, often meaning more modern electrical, plumbing, insulation, and floor plans than much of the surrounding housing stock from the early 1900s, potentially reducing immediate renovation needs.