Property Overview
This one-storey home at 679 Atlantic Avenue in Winnipeg's Inkster-Faraday neighbourhood presents a straightforward, low-maintenance living opportunity. Built in 1945, its 894 sqft living area and 3,782 sqft lot are very typical for the immediate area, offering a sense of consistency and predictability. Key features include a detached garage and an unfinished basement, which provides ample storage or future expansion potential. The home’s assessed value is modest and closely aligned with neighbouring properties.
Its primary appeal lies in its affordability and practicality. It suits first-time buyers seeking an entry point into the market without high carrying costs, or investors looking for a stable, low-overhead rental property. A less obvious perspective is its appeal to downsizers or those seeking a simplified lifestyle; the single-level layout and manageable scale eliminate the burden of maintaining a larger, more complex property. While not renovated, its average standings within the local context suggest it’s a structurally sound canvas rather than a distressed project, ideal for someone who values gradual, personal customization over a move-in-ready finish.
Frequently Asked Questions
1. How does this home compare to others in the city?
City-wide, this home is below average in size, lot size, and assessed value, which directly reflects its affordability. However, within its own Inkster-Faraday neighbourhood and on Atlantic Avenue itself, it is consistently average across all metrics, meaning it’s a very typical home for the area.
2. What is the potential for the unfinished basement?
The basement presents a clear opportunity for future development, such as creating additional living space, a workshop, or dedicated storage. Buyers should budget for necessary moisture-proofing and insulation, as is common with basements of this vintage.
3. Is the detached garage a standard size?
While the listing doesn’t specify dimensions, the detached garage is a practical asset for vehicle storage or as a utility space. Its value is enhanced by the fact that many homes in this price range may only have a carport or no dedicated parking structure.
4. What can the sold price history tell me?
The last recorded sale was in August 2020 for an estimated range of $18.5k to $21.5k. This historical data is useful for understanding market trends, but the current assessed value and listing price will be determined by present market conditions and the property's current state.
5. Who would this property not suit?
It may not suit buyers looking for a modern, turn-key home without any projects, or those needing significant space for a growing family. Its appeal is geared toward those who see value in a modest, foundational property in an established neighbourhood.