Property Overview: 628 Atlantic Avenue, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This one-and-a-half storey home on Atlantic Avenue is defined by its generous, above-average lot size—over 5,100 square feet—which stands out as a top-tier feature for the immediate area. The living space (1,233 sq ft) is comfortably sized, ranking well within its established Inkster-Faraday neighborhood. A renovated basement and an attached garage add practical value. Built in 1949, the home is notably newer than many in the vicinity, potentially suggesting updates or a different maintenance history than older surrounding properties.
Its primary appeal lies in offering more space—both on the land and in the home—than is typical for the local market, creating a sense of rarity on the street. It suits buyers looking for a character home in a mature neighborhood who prioritize outdoor space for gardening, play, or future projects. The data suggests it represents a solid, mid-range value within its specific community, making it a practical choice for those wanting to put down roots in the area without the premium of a newer subdivision.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home's assessed value is $24,800. The last recorded sale was in October 2020, with a public price range of $16,500-$19,500. For an exact historical sale price, you can request details via email from the listing source.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would be a key detail to clarify with the seller or listing agent regarding finishes, layout, and permits.
3. Is the large lot a benefit for this area?
Yes. The lot is significantly larger than the average for both Atlantic Avenue and the wider Inkster-Faraday neighborhood, offering more private outdoor space than most comparable properties.
4. How does the home's age affect its condition?
Built in 1949, the home is newer than many in the immediate area, which can be an advantage. However, as with any 70+ year-old home, the condition of major systems (roof, plumbing, electrical) and the quality of any updates should be verified through a professional inspection.
5. Why is the citywide assessed value ranking lower?
The assessed value is tailored to the local market. While it ranks above average for its neighborhood, citywide comparisons include many newer or higher-value areas, making this property's assessment understandably lower in that broader context.