360 Atlas Crescent – Property Summary
Key Characteristics & Buyer Profile
This is a 1,624 sqft home built in 2020 on a 4,383 sqft lot. Its standout feature is age. It ranks in the top 3% citywide for newer construction, meaning you’re buying something effectively brand new compared to a local housing stock that averages 1966. The assessed value of $493,000 is above both its community and city averages, which reflects the premium for that newer build and the size of the living space.
The home’s square footage sits close to the average for its own street and community, but it’s about 20% larger than the typical Winnipeg property. That’s a nice middle ground—it’s not oversized for the neighbourhood, but it offers more interior room than many city buyers are accustomed to. The lot is on the smaller side relative to the immediate street, but it’s actually average for the wider West Kildonan Industrial area, so outdoor space is not a compromise in context.
The appeal here is straightforward: you get a modern house without the wait or unknowns of new construction, in a street and community where most homes are older and smaller by comparison. This would suit buyers who want move-in condition, prefer a newer floor plan and systems, and value a home that’s already been through its first few years of settling. It’s less suited for someone seeking a large yard or a fixer-upper with character. Given the relatively high assessed value, buyers should also be comfortable with property taxes that reflect the home’s status in the upper quarter of city valuations.
Five Possible FAQs
1. How does the lot size affect the property's value or usability?
The lot is smaller than the average for Atlas Crescent, but it's in line with the community norm. You’re not getting a sprawling yard, but it’s proportionate to the house and comparable to nearby homes. If outdoor space is a priority, you may want to see it in person to confirm it meets your needs.
2. Are there any downsides to the home being newer but not brand new?
Building in 2020 means it’s already past the initial settlement period and any minor warranty issues typical of the first year. It also means you avoid supply chain delays or rushed finishing sometimes seen in very recent builds. The trade-off is you’re paying a premium for that newer construction against much older city averages.
3. How does the assessed value of $493,000 compare to what similar homes sell for?
The assessed value is above the street average and well above the community average. That suggests the home is priced as a standout in its immediate area, but it’s still in the middle tier for the city overall. Buyers should compare actual recent sale data in Atlas Crescent to confirm whether the assessment aligns with market price.
4. Is the West Kildonan Industrial neighbourhood primarily residential or mixed-use?
Despite the “Industrial” in the name, the area around Atlas Crescent is largely residential. The designation may come from historic zoning or nearby commercial/industrial pockets, but the street itself is part of a standard suburban layout. It’s worth checking the immediate neighbours and any future development plans in the area.
5. What are the main risks or considerations for a buyer here?
The main one is the combination of above-average value and smaller lot on the street. If the neighbourhood changes, properties with less land and higher assessments can be slower to appreciate. Also, since the home is newer, long-term maintenance costs will be lower upfront but will ramp up as the house ages—unlike an older home where major systems may have already been replaced.