Property Overview: 136 Atwood Street, Winnipeg
Key Characteristics & Appeal
This home at 136 Atwood Street in Mission Gardens is a practical property that presents a specific value proposition. Built in 1986, it is a home of modest scale with 1,022 square feet of living space, which is notably smaller than most direct neighbors on Atwood Street. Its assessed value is positioned as average for the broader Mission Gardens area and citywide, suggesting a stable, mid-range investment without premium pricing.
The appeal lies in its efficiency and lot size. The 4,300 sqft lot is reasonably proportional to the home's footprint, offering manageable outdoor space without excessive upkeep. For the right buyer, the smaller interior can be seen as an advantage—lower utility costs, less maintenance, and a simpler layout that avoids the excess of larger, newer builds. It suits first-time homebuyers, downsizers, or pragmatic investors looking for an entry into the Mission Gardens neighborhood without the premium for size. Its recent sale history indicates steady market interest, and its age places it among the newer third of homes citywide, potentially meaning fewer immediate major renovations than much older stock.
Frequently Asked Questions
1. Is the living area too small compared to other homes on the street?
Yes, the home's living area is significantly below the average for Atwood Street itself. However, it is much closer to the average for the wider Mission Gardens area. This highlights a trade-off: you're acquiring a location where homes are typically larger, but at a point of entry with a more compact footprint.
2. What does the assessed value tell me about the property taxes?
The assessed value of $35,900 is a key figure used to calculate property taxes. It is around the median for the neighborhood and city, so you can expect taxes to be fairly typical for Winnipeg, not abnormally high or low. It's always wise to confirm the exact tax amount with municipal records.
3. The home was last sold in 2021. Does the sold price history indicate good value?
The reported sale range in 2021 was $350k-$400k. The data shows this price performed well compared to the city and area at that time. This can indicate the property holds its value in the market, but it's essential to get an exact price and a current market evaluation to understand today's value.
4. How does the 1986 build year affect maintenance?
A 40-year-old home is beyond its initial build warranties but is not considered historic. Major components like the roof, windows, and HVAC systems are likely at or beyond their typical lifespans, so a thorough inspection is crucial to anticipate potential updates, which is a common consideration for homes of this era.
5. The lot size is noted as "below average" for the area. Is that a concern?
While the lot is smaller than the Mission Gardens average, it is around average for Atwood Street itself. This means you still get a decent yard for the immediate location, but it may not offer as much expansive green space as some other properties in the broader neighborhood.