Property Overview: 589 Atlantic Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, presenting a straightforward and affordable entry point into Winnipeg’s housing market. Its key characteristic is its modest scale: with 708 sqft of living space and a 2,447 sqft lot, it is notably smaller than most homes in its immediate area and across the city. The basement exists but is not renovated, and the property has no garage or pool.
The appeal lies primarily in its low financial barrier to entry, as reflected in its assessed value, which is significantly below city-wide averages. This isn't a property for those seeking ample space or modern finishes; instead, it suits a very specific buyer. It would be ideal for a minimalist, an investor looking for a low-cost rental property, or a hands-on purchaser who views the home as a blank canvas for a gradual, sweat-equity renovation. Its age and size suggest a focus on function and potential over immediate comfort or prestige. A less obvious perspective is that such a modest home on a standard city lot offers a rare opportunity for financial simplicity in homeownership, with lower property taxes and utility costs, allowing resources to be allocated elsewhere.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is based on the property's specific attributes—its small size, age, and lack of renovations—which place it in a different category than the average Winnipeg home. It's compared against similar, smaller properties where its value is more in line with area norms.
2. What does "below average" for living area and land area mean practically?
Practically, it means the house and yard are cozier than most. The living space is about 300 sqft smaller than nearby averages, and the lot is about 1,000 sqft smaller than others on the street. This translates to fewer rooms, smaller rooms, and less outdoor space.
3. Is the unrenovated basement finished or usable for storage?
The listing specifies the basement is "not renovated." This typically means it is unfinished (likely concrete floors and exposed walls/ceilings). It may be usable for basic storage or mechanical systems but is not a livable family room or apartment.
4. How recent is the sold price history shown?
The last recorded sale was in February 2017, with a price range between $13.5k and $16.5k. The listing service offers to provide the exact sold price upon request via email.
5. What are the implications of buying a home built in 1912?
While full of character, a home of this age will likely have older building materials and systems. Prospective buyers should budget for and prioritize a thorough inspection to understand the condition of the foundation, wiring, plumbing, and roof, as updates may be needed for safety and efficiency.