Property Overview
75 Atlantic Avenue is a compact, 720 sqft home built in 1946 on a 3,053 sqft lot in Winnipeg's Luxton neighbourhood. Its key appeal lies in its position as an affordable entry point into the market, with an assessed value that is very manageable relative to the city-wide average. The home is notably smaller than most in the area, which is reflected in its pricing.
Key Characteristics & Ideal Buyer
This property is defined by its modest scale and value. The living space is significantly below the average for the street, neighbourhood, and city, making it one of the smaller homes available. However, its assessed value of $22,800 is around the average for Atlantic Avenue and Luxton, suggesting you are paying primarily for the land and location rather than the size of the house. For the city as a whole, both the home's size and its assessed value are in the bottom 15% of properties, highlighting its role as a true starter home or investment opportunity.
Its appeal is for the pragmatic, budget-conscious buyer. It would suit a first-time homeowner willing to live with less space to build equity, or an investor looking for a rental property with lower upfront costs. The lot size, while below average for the street, is still a decent parcel for the area, offering potential for outdoor space or future expansion subject to approvals. A less obvious perspective is that a home of this vintage and size in a mature neighbourhood often has simpler, more durable construction than newer, budget-oriented builds, potentially meaning lower maintenance costs on core systems.
Frequently Asked Questions
1. Why is the assessed value so much lower than typical city homes?
The assessed value is based on the property's characteristics relative to its immediate area. This home is very small (720 sqft) and on a modest lot for the city, placing its value far below the Winnipeg average, which includes many larger, newer homes.
2. Is the sold price history from 2017 still relevant?
While the 2017 sale gives a historical benchmark, current market conditions will determine today's value. The assessed value provides a more recent point of reference for municipal taxation, but not necessarily market price.
3. What does "below average" for living area mean for livability?
At 720 sqft, the home is efficient and likely has a compact floor plan. It would suit individuals, couples, or those comfortable with minimalist living. It is not typically suited for a growing family without plans for renovation or addition.
4. How does the year built (1946) affect the property?
Built 80 years ago, the home is older than most in Winnipeg but is actually newer than many in the Luxton neighbourhood. This suggests it may have updates or construction methods from its era, but a thorough inspection is essential to understand the condition of its roof, wiring, plumbing, and foundation.
5. Can I get the exact historical sold price?
The listing service provides a sold price range based on public data. You can request the exact sold price by emailing them directly, as they manually verify and provide this detail.