Property Summary: 940 Atlantic Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1953-built home in Robertson presents a practical and value-oriented opportunity. Its key appeal lies in its strong positioning within its immediate locale, despite its modest 768 sqft size. The assessed value of $289k is notably above the street average, suggesting the property is well-regarded relative to its closest neighbors. It sits on a larger-than-average lot for the street (4,079 sqft), offering valuable outdoor space and potential.
The home suits first-time buyers or downsizers seeking an affordable entry into the Winnipeg market, prioritizing lot size and location over living square footage. It also appeals to value-focused investors or renovators who see potential in a property that already outperforms its street in value, with the land and a solid foundation providing a good base for improvements. A thoughtful perspective is that this property represents a "street-level standout"—it may not compete with city-wide averages for size, but it holds its own and exceeds expectations on its own block, which can be a marker of stability and incremental value in a mature neighborhood.
Section 2: Frequently Asked Questions
1. Is the living area too small?
At 768 sqft, the home is below average in size for the street, neighborhood, and city. It requires efficient use of space and would suit those with simpler needs or plans to expand, subject to approvals.
2. Why is the assessed value higher than the street average?
A higher assessment than neighboring homes can reflect factors like the larger lot size, a more recent renovation not detailed in the basic data, or overall better condition. It indicates the municipality views it as a higher-value asset on this street.
3. What does the recent sale history indicate?
The home sold in early 2025 in the $350k-$400k range, a price that placed it in the top 4% of sales for the street. This suggests strong market demand for this specific property, likely exceeding its assessed value.
4. How does the lot size compare?
The 4,079 sqft lot is a key advantage, being larger than the average lot on Atlantic Avenue. This provides more private outdoor space and potential for additions, gardens, or parking.
5. Where can I get exact historical sale prices?
The site provides estimated price ranges. For fully verified and exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.