Property Overview: 120 Atwood Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 120 Atwood Street in Mission Gardens is a practical, no-frills property that represents an accessible entry point into the Winnipeg market. Built in 1984, it offers 1,040 sqft of living space on a 4,301 sqft lot. The data reveals a clear picture: this is a modest home relative to its immediate street and neighbourhood, but it holds a more average position when viewed across the wider city.
Its primary appeal lies in its value and lot potential. With an assessed value significantly below the street average, it presents a lower property tax base and an opportunity for buyers priced out of larger homes on the same block. While the living space is compact, the lot size is fairly typical for the street, suggesting room for expansion or outdoor enjoyment—a valuable asset not always available with newer infill properties. This home would suit first-time buyers, practical downsizers, or value-focused investors looking for a solid footprint in a stable neighbourhood without paying a premium for recent upgrades or excess square footage. It’s a home for those who see potential in fundamentals rather than seeking a move-in-ready showcase.
Section 2: Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
The data suggests it is. The home’s assessed value is in the bottom 15% on Atwood Street, meaning you are likely getting more land and house for your dollar here than with many neighbouring properties, though the home itself is smaller and older than the street average.
2. How does the age of the home (1984) affect its value?
While it’s one of the older homes on its street, it is actually newer than the typical Winnipeg home when compared city-wide. This means major components like the roof, windows, and furnace may be within a typical renovation cycle, so a thorough inspection is advised to budget for potential updates.
3. What does the sold price history indicate?
It last sold between $250k-$300k in 2020. Its current assessed value of $35.2k is for taxation purposes only and is not a market valuation. The previous sale price, combined with its low tax assessment, can indicate a historically affordable purchase price for the area.
4. Is the lot a good size for the neighbourhood?
Yes. The land area is near the median for Atwood Street, meaning the lot is not undersized. In fact, it is larger than many lots in the broader Mission Gardens area, which is a positive differentiator for future enjoyment or development.
5. Who would this property not suit?
It may not suit buyers looking for a large, modern interior without renovation work, as the living area is below the street average. It also may not appeal to those prioritizing immediate walkability to vibrant amenities, as the listing focuses on lot and value metrics rather than proximity to shops or transit.