55 Atkinson Road — Property Summary
Key Characteristics & Ideal Buyer Profile
This 864 sqft home, built in 1973, sits on a 5,496 sqft lot in Winnipeg’s Westdale neighbourhood. Its standout feature is value relative to size: the assessed value of $359,000 ranks among the top 15% on the street and top 20% in the neighbourhood, despite the living area being below average at every level (street, neighbourhood, and citywide). In plain terms, you’re paying a premium for the land and location, not for square footage. The house itself is also one of the newer homes on the block—ranked first on Atkinson Road by year built—which may mean fewer immediate updates compared to older neighbouring properties.
The appeal here is not about getting the most space for your money. It’s about securing a well-located, reasonably modern home on a generous lot in a stable area, where the assessed value already reflects strong local demand. This property would suit buyers who prioritize a solid neighbourhood and a decent-sized yard over a large floor plan—perhaps empty nesters, small families, or investors looking for a rental with good land value. The modest living area could also appeal to someone who values lower maintenance and utility costs, or who plans to renovate and add square footage later.
Frequently Asked Questions
1. Why is the assessed value high when the living area is below average?
The assessed value reflects the property’s overall market worth, which considers land size, location, and condition—not just interior square footage. Larger lots and newer construction tend to push values up. Here, the 5,496 sqft lot is above average on the street and across the neighbourhood, and the 1973 build is newer than many nearby homes, offsetting the smaller living area.
2. How does the living area compare to typical homes in Westdale?
It’s below average. The neighbourhood average living area for comparable homes is 1,029 sqft, and this property is 864 sqft—about 16% smaller. On the street itself, it ranks 23rd out of 26 homes, meaning only three properties have less interior space.
3. Is the lot size considered generous for this area?
Yes, relative to the street. Ranked 3rd out of 26, the lot is above average for Atkinson Road. Across the broader Westdale neighbourhood, it sits around the midpoint. Compared to citywide averages, it’s slightly smaller, but still within a typical range for older Winnipeg residential areas.
4. What does a “top 15%” assessment rank actually mean for resale?
It suggests that buyers in this area are willing to pay more for homes on this street and in this part of Westdale than for many comparable properties elsewhere. A high assessed value can support stronger resale pricing, but it also means the property is already priced at a premium—so future gains may be more moderate unless you improve the home itself.
5. Are there any drawbacks to the below-average living area?
Depending on your needs, the 864 sqft could feel tight for a family or anyone who works from home regularly. It also limits the pool of buyers if you eventually sell—some will rule it out purely based on square footage. However, the smaller footprint can mean lower heating, cooling, and maintenance costs, and may free up budget for upgrades or landscaping.