Property Overview: 1008 Atlantic Avenue, Winnipeg
Key Characteristics & Appeal
This 966 sqft home, built in 1953 on a 4,079 sqft lot, presents a compelling mix of value and established character. Its primary appeal lies in its strong standing within its immediate community. With an assessed value of $365,000, it ranks in the top 2% of homes on its street and in the Robertson neighbourhood, indicating it is a premium property in its local context. While its size is below the Winnipeg city average, it offers a comfortably sized living area that is actually above average for Atlantic Avenue itself.
The home suits practical buyers looking for a well-regarded property in an established area without a premium citywide price tag. It’s an ideal fit for first-time buyers or downsizers who prioritize value within a specific community over maximum square footage. A thoughtful perspective is that this property represents "big fish in a small pond" value—it offers the benefits of a top-tier home on its block and in Robertson, but is priced around the citywide median, potentially providing more stability and pride of ownership within the immediate locale.
Frequently Asked Questions
1. Why is the assessed value so high for the street and neighbourhood?
The assessed value of $365,000 ranks in the top 2% for both Atlantic Avenue and the broader Robertson area. This suggests the property has features, condition, or improvements that municipal assessors deem significantly above average for its immediate surroundings, even though its size is not exceptional.
2. How does the living area compare to nearby homes?
At 966 sqft, the living area is slightly below the street average (1,017 sqft) and neighbourhood average (977 sqft), placing it around the middle of the pack locally. This indicates it’s a reasonably sized home for the area, though not the largest.
3. What was the previous sale price?
Public records indicate a sale between September 2016 for a price in the range of CA$250,000–300,000. For verified, exact historical sale figures, a manual lookup can be requested directly from the site.
4. Is the lot size typical for the area?
The 4,079 sqft lot is above average for Atlantic Avenue but closer to the average for the Robertson neighbourhood. It offers a decent outdoor space that is larger than many of its direct neighbours.
5. How does this property’s value hold up across Winnipeg?
While elite for its street and neighbourhood, the assessed value is around the citywide median (49th percentile). This highlights a key dynamic: you are purchasing a top-tier property in its local context at a price that is average for the entire city.