Property Summary: 850 Atlantic Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, post-war home built in 1947, offering 700 sqft of living space on a notably generous 4,170 sqft lot for its street. Its primary appeal lies in its value positioning and land potential. The assessed value of $216k is very close to the street average, yet sits well below neighborhood and city-wide averages, presenting a more affordable entry point into the Robertson area. While the home itself is smaller than most comparables at every level, it occupies a lot size that ranks in the top 21% on its own street. This creates a clear value proposition: you are purchasing land and location, with the existing structure representing a renovation opportunity or a modest, efficient living space.
The property would suit first-time buyers or investors seeking a foothold in a mature neighborhood without a premium price tag. It’s also a candidate for buyers with longer-term vision, who see value in the lot size for future expansion, a garden, or redevelopment. Recent sale activity suggests a stable, modestly appreciating market for homes of this type in the area.
Frequently Asked Questions
1. Is the smaller living area a concern?
The living area is below average for the street, neighborhood, and city. This indicates a cozy, efficient layout rather than a spacious family home. It aligns with the property's position as an affordable entry point or a project opportunity.
2. How does the assessed value compare to recent sales?
The home sold between $200k-$250k in July 2024, which is consistent with its current assessed value and places it in the top 43% of sales on its street for that metric. A prior sale in 2020 was in the $150k-$200k range, showing appreciation.
3. What does the lot size mean for me?
At 4,170 sqft, the lot is larger than most on Atlantic Avenue. This provides valuable outdoor space, better potential for additions, and is a key differentiator from other homes with similar living areas.
4. Is the older year built a problem?
Built in 1947, the home is newer than the average on its street but older than the neighborhood and city averages. Buyers should budget for maintenance consistent with a home of this age and consider a thorough inspection.
5. How can I get the exact historical sold prices?
The site provides sold price ranges. Due to industry rules, exact MLS figures are not displayed. You can request the exact sold price history via email from the site provider, who will manually look up and send the verified data.