Property Summary: 713 Atlantic Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, situated on a modest lot in the Inkster-Faraday area. Its key characteristic is its affordability, reflected in a low assessed value and a recent sale price in the $13.5k–$16.5k range. With 680 sqft of living space and an unrenovated basement, it is notably smaller than most homes in the city, neighborhood, and even on its own street.
The primary appeal lies in its position as a minimal-entry point into the Winnipeg housing market. It suits a very specific buyer: an investor looking for a low-cost rental property, a hands-on owner seeking an extremely affordable project home to renovate over time, or someone prioritizing absolute minimum carrying costs above all else. A less obvious perspective is that its small lot and footprint could represent a lower maintenance burden compared to larger, aging homes, and its vintage may appeal to those interested in the history of Winnipeg's housing stock. However, it requires a clear-eyed view of the investment needed for updates and maintenance.
Frequently Asked Questions
1. What does "below average" in the rankings actually mean for a buyer?
It quantifies that this home is significantly smaller, on a smaller lot, and has a lower assessed value than the majority of comparable properties in each category (street, neighborhood, city). This isn't necessarily negative—it directly enables its standout affordability.
2. Is the unrenovated basement usable or finished?
The listing specifies the basement is "not renovated." Buyers should assume it is in original or utilitarian condition, suitable for storage or mechanicals, but not a finished living space without significant investment.
3. Why is there a range for the sold price, and how can I get the exact figure?
The listed range is based on public data. The exact sale price is available by request via email from the site, which provides the precise figure manually as a service, typically by the end of the same day.
4. What are the realistic use cases for a home of this size and condition?
It functions practically as a compact one- or two-person dwelling. Its most likely uses are as a long-term "live-in while you renovate" project, or as a straightforward rental property given its low acquisition cost.
5. How should I interpret the "Top 97%" city-wide ranking for Assessed Value?
This means the home's assessed value is lower than approximately 97% of all homes in Winnipeg. While this highlights its affordability, it also underscores that it is an outlier in the broader market, which typically consists of larger, more modern, and higher-valued properties.