Property Summary: 759 Atlantic Avenue, Winnipeg
Key Characteristics & Appeal
This 672 sqft home, built in 1948 on a 3,640 sqft lot in Robertson, presents a specific value proposition. Its key appeal lies in its position as a competitively assessed property within its immediate locale. While the living space is notably compact compared to city and neighborhood averages, its assessed value of $281k ranks above average for Atlantic Avenue and is on par with the Robertson neighborhood average. This suggests a perceived value in its location or lot that isn't solely tied to the home's size. The home last sold between $250k-$300k in mid-2022, a price point that was in the top quarter for the area at that time.
This property would best suit a first-time buyer, downsizer, or investor seeking an entry point into the market with lower property taxes relative to a larger home. Its compact size means lower utility costs and minimal upkeep. A thoughtful perspective is that this home represents a "land-value play" in a mature neighborhood—the lot itself holds significant worth. For the right buyer, it could be a long-term hold or a candidate for expansion, given the lot is reasonably sized for the street.
Frequently Asked Questions
1. Is the living area too small?
At 672 sqft, the home is significantly smaller than the Winnipeg average. It requires efficient use of space and would not suit those needing multiple bedrooms or extensive living areas. However, this compact size is reflected in its pricing and operating costs.
2. How does the assessed value compare?
The $281k assessment is above the average for Atlantic Avenue but below the Winnipeg city average. This indicates the property is valued more in line with its immediate neighborhood than broader city trends, which can be an advantage for property tax calculations.
3. What does the sold price history indicate?
It sold between $250k and $300k in May 2022, a price that was in the top 12% for the street and top 24% for the neighborhood at that time. This suggests strong demand for well-priced homes in this specific area, even of smaller stature.
4. Is the lot size a redeeming feature?
The lot is average for Atlantic Avenue but below the neighborhood and city averages. It provides adequate outdoor space for a home of this size but is not exceptionally large. Its value is more about its proportional size to the home rather than excess land.
5. What type of neighborhood is Robertson?
The provided data shows Robertson is a mature, established neighborhood with homes primarily built from the 1910s to 1950s. Property values and living areas here are generally below the citywide average, indicating a more affordable, character-home sector of Winnipeg.