Property Summary: 620 Atlantic Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1910, presenting a straightforward and minimal-maintenance footprint. Its key characteristics include a 612 sqft living area, a 2,554 sqft lot, and a detached garage. The home has a full, unrenovated basement. The data indicates it is notably smaller and sits on a smaller lot than most comparable properties in its immediate area, neighborhood, and across Winnipeg. Its assessed value is significantly below city-wide averages.
The primary appeal lies in its ultra-affordable entry point into the Winnipeg market, underscored by a very low municipal assessed value. It suits buyers seeking an absolute minimum of financial outlay for a land-and-structure asset, such as an investor looking for a basic rental property, a hands-on individual interested in a gradual, sweat-equity project, or someone prioritizing minimal property taxes and utility costs. Its small scale could be seen as a virtue for those wanting to live simply without excess space to maintain. The established neighborhood of Inkster-Faraday offers proximity to the broader North End, providing practical access to amenities and transit.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific characteristics—namely its very small size, age, and the condition of its unfinished basement—within its market context. It is assessed relative to similar properties, and its metrics are consistently below average for the area.
2. What does "Top 99%" for Living Area city-wide mean?
This statistic means that approximately 99% of comparable residential properties across Winnipeg have a larger living area than this home's 612 sqft. It highlights the property's compact nature on a city-wide scale.
3. Is this a good candidate for a renovation or expansion?
The existing small footprint and full basement provide a structural basis for potential expansion or modernization. However, any major investment should be carefully weighed against the property's current value and the typical home values in the immediate area to ensure financial feasibility.
4. How recent is the sold price data available?
Public sold price data is available from January 2016 through April 2025, with the last recorded sale occurring in November 2021. Exact sale prices (not ranges) can be requested directly from the site.
5. What are the immediate neighboring properties like?
The listing shows several adjacent properties on Atlantic Avenue, suggesting a closely built streetscape typical of older Winnipeg neighborhoods. The similar assessed values of nearby homes indicate a consistent, lower-value property segment in this specific block.