Property Overview: 572 Atlantic Avenue, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Inkster-Faraday presents a practical and renovated living space. With 1,034 sqft of living area and a renovated basement, it offers functional space for a small household. Its key appeal lies in its solid positioning within the immediate area—it consistently ranks above or near the average for the neighbourhood in metrics like assessed value and year built, suggesting it is a well-regarded property on its street and within the local community context. The detached garage adds practical utility.
The home would suit first-time buyers or downsizers seeking an established, no-fuss property in a neighbourhood of similar vintage homes. Its city-wide assessed value is notably below the Winnipeg average, which may indicate a lower property tax burden, a significant but less obvious financial advantage. Buyers should note the lot is smaller than many in the area, which translates to less exterior maintenance but also limited space for expansion or large gardens.
Frequently Asked Questions
1. How does this home compare to others in the area?
The data shows it is consistently around or above average for the Inkster-Faraday neighbourhood in living space, assessed value, and age, indicating it aligns well with local norms. Its lot size is slightly below the area average.
2. What is the significance of the assessed value being much lower than the city-wide average?
A below-average city-wide assessment typically correlates with a lower municipal property tax bill, which is an ongoing annual saving. It reflects the home’s value relative to the entire Winnipeg market, not its condition or appeal within its own neighbourhood.
3. The home was built in 1945. What should I consider?
While the home is newer than many on its street, any house of this age will have core systems (like plumbing, electrical, and the roof) that may need attention or updating. The renovated basement is a positive, but an inspection is essential.
4. Can I see the exact historical sale prices?
The exact sold prices are not publicly listed in detail here. The site provides estimated ranges and offers to provide precise figures via email upon request.
5. What are the nearby properties like?
The immediate neighbours on Atlantic Avenue are homes of very similar style and vintage, suggesting a streetscape of consistent character. The "similar assessed value" listings provided are from across Winnipeg and are for comparison of financial value only, not neighbourhood or style.