Property Summary: 591 Atlantic Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1918, presents a practical opportunity in Winnipeg's Inkster-Faraday neighbourhood. With 996 sqft of living space and a renovated basement, it offers functional living on a standard 3,202 sqft lot, complemented by a detached garage. Its core appeal lies in its relative affordability and solid positioning within its immediate area. While its size and assessed value are below the city-wide average, they are consistently around or above the average for Atlantic Avenue and the Inkster-Faraday community. This indicates a home that is competitively priced and proportionally sized for its established neighbourhood.
This property would suit first-time buyers or practical investors seeking an entry point into the Winnipeg market without the premium of a newer or larger home. It’s a straightforward option for those who prioritize value within a specific community over standout city-wide metrics. The renovated basement adds modern utility to the classic character of a century-old home, offering a balance of charm and updated living space. A thoughtful perspective is that homes like this often represent the stable, unassuming backbone of a mature neighbourhood—they may not lead in rankings, but they offer dependable value and community integration.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others in the city?
While its living space and assessed value place it in the bottom 25-30% city-wide, it's essential to note it ranks in the top 50-60% within its own street and neighbourhood. This suggests you are paying for a home that is competitive in its local context, not the broader, more varied Winnipeg market.
2. What does the assessed value of $18.90k mean for the selling price?
The assessed value is for municipal tax purposes and is typically far lower than the market value. The last known sold price range in 2020 was $16.50k-$19.50k, but current market value would be determined by recent sales, condition, and demand. Always rely on a current market evaluation.
3. Are there any concerns with a home built in 1918?
While the basement has been renovated, a home of this age may have older components (like plumbing, electrical, or the foundation) that require inspection. Its character is a plus, but potential maintenance should be factored into your decision.
4. How does the lot size impact this property?
At just over 3,000 sqft, the lot is smaller than the Winnipeg average but typical for the area. It provides adequate outdoor space for a garden or patio without extensive maintenance, suiting buyers looking for a manageable yard.
5. Where can I find the exact historical sold prices?
The listing service provides estimated ranges. To obtain the precise sold price history, you must request it directly via the email link provided on the detail page, as this data is verified and shared manually.