Property Summary: 1055 Atlantic Avenue, Winnipeg
Key Characteristics & Appeal
This 1,066 sqft bungalow, built in 1955 on a 4,229 sqft lot, presents a solid, above-average offering within its immediate community of Robertson. Its primary appeal lies in its strong positioning relative to its direct surroundings. The home boasts an assessed value ($300k) and living space that rank notably above the averages for Atlantic Avenue and the wider neighborhood, suggesting a well-maintained or updated property in its local context. The lot size is also generous for the street. This creates a value proposition for buyers seeking a established, character home in a mature neighborhood without paying a citywide premium, as its assessed value sits below the Winnipeg average.
The property would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize neighborhood equity over brand-new builds. It appeals to those who understand that a home’s standing is often most relevant when compared to its immediate peers, where this house shines. The 2016 sale price (estimated between $250k-$300k) indicates a history of stable value.
Frequently Asked Questions
1. Is this house a good value compared to others on the street?
Yes, the data indicates it is. With an assessed value ranking in the top 15% on Atlantic Avenue and above the street’s average assessed value, it is considered a higher-tier property on its own block.
2. How does the living space compare to typical Winnipeg homes?
At 1,066 sqft, the living area is slightly below the citywide average for comparable homes. However, it is above the average for both its street and the Robertson neighborhood, meaning it offers more space than many of its direct neighbors.
3. What does the year built (1955) tell me?
Built in 1955, this home is newer than most on its street and in Robertson, where average build years are 1933 and 1949, respectively. This could suggest potentially fewer concerns with some older infrastructure common in pre-war homes.
4. Where can I find the exact historical sale price?
The site provides an estimated sale price range from 2016. Due to industry rules, exact sold prices are not displayed publicly. You can request the exact figures via email from the site provider for a manually verified history.
5. The citywide assessed value seems low. Why?
While above average for its area, the $300k assessment is below the Winnipeg average because it reflects the home’s value within its specific market segment and neighborhood. Property values in established central neighborhoods like Robertson often differ from newer suburban areas or more affluent districts that pull the citywide average higher.