696 Atlantic Avenue

Property Overview: 696 Atlantic Avenue, Winnipeg

Key Characteristics & Appeal

This one-storey home on Atlantic Avenue in the Inkster-Faraday neighbourhood presents a specific and compelling value proposition. Its key characteristic is a significant contrast between a modest, renovated 792 sqft living space and a generously sized lot of nearly 4,800 sqft, which ranks well above average for both the street and the area. Built in 1950, it is a newer home compared to many in its immediate vicinity.

The primary appeal lies in this land-to-building ratio, offering ample outdoor space for gardening, expansion, or recreation on a quiet street—a rarity for the price point. With a renovated basement and a detached garage, it provides functional, compact living with clear potential. The assessed value is strong for the local area, suggesting the property is well-regarded relative to its neighbours.

This home would best suit practical first-time buyers or downsizers who prioritize private outdoor space over a large interior footprint. It’s also a logical fit for a value-oriented investor or a buyer with longer-term plans who sees the potential in the substantial lot.

Frequently Asked Questions

1. How does the home's size compare to others?
At 792 sqft, the living area is below the average for similar homes on Atlantic Avenue, in Inkster-Faraday, and across Winnipeg. This indicates a compact, efficient layout.

2. What is the significance of the large lot size?
The 4,793 sqft lot is a standout feature, ranking in the top 15% for the neighbourhood. It offers more usable yard space than most comparable properties, which is a key advantage for privacy, outdoor activities, or future projects.

3. Is the assessed value high or low for the area?
The assessed value of $22,800 is above the neighbourhood average, placing it in the top 26% for Inkster-Faraday. This suggests the property, considering its renovations and lot size, is assessed more favorably than many surrounding homes.

4. What does the sale history indicate?
The home sold previously in late 2019 for an estimated range of $19.5k to $22.5k. For the exact sale price, you can request details via email from the listing source.

5. How does the age of the home compare?
Built in 1950, it is notably newer than many homes on the same street and in the wider Inkster-Faraday area, where average build years are 1933 and 1930, respectively. This can be an advantage for systems and structure.