Property Overview
This home at 1125 Atlantic Avenue presents a compelling mix of established value and practical living in Winnipeg's Mynarski neighbourhood. Built in 1956, the 987 sqft house sits on a 3,996 sqft lot and carries a current assessed value of $342,000.
Key Characteristics & Appeal
The primary appeal of this property lies in its strong value proposition within its immediate context. While its living space is modest compared to the city-wide average, its assessed value is notably high for its street and area, ranking in the top 4% on Atlantic Avenue and the top 10% in Mynarski. This suggests it is perceived as a premium property within its local market, possibly due to updates, condition, or its specific location. The lot size is generous for the street but smaller than typical lots in the broader area, offering manageable outdoor space without excessive upkeep.
It would suit a practical buyer looking for a well-regarded home in an established neighbourhood without the footprint or maintenance of a larger property. It's particularly suited for someone who values their investment's standing relative to immediate neighbours over having maximum square footage. The data also indicates it may appeal to a value-conscious buyer who understands that a higher assessment on its street can signal better-than-average finishes or a prime in-neighbourhood location.
Frequently Asked Questions
1. Why is the assessed value so high compared to other homes on the street?
The assessment ranks in the top 4% on Atlantic Avenue, significantly above the street average. This typically reflects factors like renovations, additions, superior condition, or a more desirable placement on the block that are recognized by the municipal assessor.
2. Is the living space smaller than average?
Yes. At 987 sqft, the living area is below the Winnipeg city-wide average. However, it is much closer to the average for both Atlantic Avenue and the Mynarski area, indicating it is a fairly typical size for this specific location.
3. What does the sold price history from 2020 indicate?
The property sold for an estimated $250k-$300k in August 2020. The current assessed value of $342k is higher, which may reflect market appreciation over four years or changes made to the property since the last sale.
4. How does the lot size compare?
The lot is nearly 4,000 sqft, which is larger than the average for Atlantic Avenue. However, it is below the average for the wider Mynarski area and the city, representing a manageable yard size.
5. How can I get the exact historical sold prices?
The exact sold prices are not publicly displayed on this site. You can request the full transaction history by email, and the team will provide the verified figures manually, usually by the end of the same business day.