Property Overview
This one-storey home at 686 Atlantic Avenue in Winnipeg's Inkster-Faraday neighbourhood presents a practical and value-oriented opportunity. Its key appeal lies in its relative modernity within its immediate context, a renovated basement, and a decently sized lot. Built in 1951, it is notably newer than many homes in the area, which may suggest fewer concerns related to the age of core components compared to neighbours. The living space (943 sq ft) is typical for the street and neighbourhood, while the 4,080 sq ft lot is above average for the area, offering good outdoor space potential. The home last sold in mid-2024 for a price consistent with its assessed value of $24,900.
This property would suit first-time buyers or investors seeking an entry point into the Winnipeg market with a manageable footprint. It’s also a candidate for someone looking for a solid foundation to gradually personalize, benefiting from the already renovated basement. The detached garage adds functional storage or workshop space. A thoughtful perspective is that while its size is modest city-wide, its above-average lot size for the neighbourhood provides a relative rarity: room to expand, garden, or simply enjoy more private outdoor space than nearby properties.
Frequently Asked Questions
What does the assessed value actually indicate?
The assessed value of $24,900 is for taxation purposes and is not a market price. It indicates the home is valued well below the Winnipeg city average, which typically translates to lower property taxes—a key ongoing cost saving.
How does the home's age compare to others nearby?
Built in 1951, this home is significantly newer than the average home in the Inkster-Faraday neighbourhood. This "newer vintage" within an older area can be an advantage, potentially meaning updates to major systems have already been addressed or that the building is inherently in better condition.
Is the living space small?
At 943 square feet, it is slightly below the city average but is very typical for the Atlantic Avenue street and the wider Inkster-Faraday area. It represents a compact, efficient layout suitable for individuals, couples, or small families.
What is the significance of the lot size?
The 4,080 sq ft lot is above average for both the street and the neighbourhood. This is a less obvious advantage, providing more yard space than many comparable properties—a valuable feature for privacy, recreation, or future projects like a shed or deck.
Where can I find the exact historical sold price?
The listing provides a sold price range from mid-2024. The exact sale price is available by request via email from the listing service, which they provide manually without using your email for marketing spam.