Property score
72.3
Good
Overall 72.3 · Larger and newer than most nearby homes
2,840 sqft (top 1%) · Built in 1953 (23 yrs newer than avg)
Located in a above-average income area with median household income of ~69k
Transit 88.0 · 2-min walk to transit with 3 nearby routes · Within 500m: 1 dining spot, 1 school, 2 healthcare facilitys, and 2 shops nearby
Living Area
Above average
177% larger than neighborhood avg.
Year Built
Above average
23 yrs newer than neighborhood avg.
Mother tongue
English · 66%Tagalog · 20%
Past 10 years Inkster-Faraday sales snapshot (~80% of all data)
538
247.5k
$193/sqft
1930
Buying a home is more than a transaction. Our Winnipeg real estate agents provide market insights, pricing analysis, and neighbourhood expertise to help you decide with confidence.
Usually replies in a few minutes
Free · No credit card required
72.3 is composed by the two sections below.
Property Score
Community Score
Inkster-Faraday
How to read: Share of sales in each ~$50k price band for “inkster-faraday” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110908
$69K
Median household income
$79K
Average household income
16%
Low income (LIM-AT)
0.2
Income inequality (Gini)
3.1
P90 / P10 ratio
26%
Single-person households
26%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
538 Atlantic Avenue — 12 amenities found within 500 m, across 6 categories, including 1 dining (nearest 153 m), 1 education (nearest 367 m), 2 healthcare (nearest 242 m).
Inkster-Faraday · WPS public data · 2026
Annual incidents
61
2026
vs. city avg
+107%
relative to avg
Year-over-year
▼ -92%
vs. prior year
Primary type
Property
80%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 1% | Top 1% | Top 30% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This two-storey home at 538 Atlantic Avenue stands out for its substantial size and recent updates within its established Inkster-Faraday neighbourhood. Its primary appeal lies in offering significantly more space—both indoors and on the lot—than nearly all comparable properties nearby, presenting a unique value proposition in the local market.
Key Characteristics & Suitability
The home's most defining feature is its generous 2,840 sqft of living area, which ranks in the top 1% for its street and neighbourhood, being nearly triple the local average. This is complemented by a large 5,108 sqft lot, also in the top tier for the area. The basement has been renovated, adding functional space, and the property includes a detached garage. Built in 1953, it is notably newer than many surrounding homes.
Its appeal is rooted in offering family-sized space in a neighbourhood where such large homes are rare. The very low assessed value, while creating an attractive tax advantage, is a significant outlier that requires careful consideration. This property would best suit a practical buyer looking for maximum square footage on a sizable lot, who is comfortable with an older home that may blend modernized spaces with original elements. It’s a compelling option for those prioritizing interior and yard space over a central or high-value postal code.
Frequently Asked Questions
1. Why is the assessed value so much lower than the living area would suggest?
The assessed value is exceptionally low for a home of this size, ranking in the top 1% locally but only around the city-wide average. This can be due to a variety of factors specific to the property or area, and it's advisable to understand the reasons—which could range from valuation methods to property condition—as it impacts property taxes and perceived market value.
2. What does the "renovated basement" entail?
The listing notes the basement is renovated, but the scope, quality, and permits (if any) for this work are not detailed. A professional inspection is highly recommended to verify the finish quality, moisture control, and compliance with building codes.
3. How does the recent sale price (Dec 2024: ~$39.5k-$42.5k) relate to the assessed value?
The recent sale price appears closely aligned with the assessed value of $40,800k. This correlation is unusual for the Winnipeg market and suggests the market is currently valuing this property based on factors other than sheer size, warranting further investigation into the property's condition and the neighbourhood's market dynamics.
4. What are the implications of the home's age (1953) and the era of construction?
While newer than many neighbours, a 73-year-old home will have aging core systems (like plumbing, electrical, and the roof). The renovated basement is a positive, but the condition of the original structure and other unrenovated areas should be a primary focus.
5. The home is "Elite" in size locally but not city-wide. What does this mean?
This highlights the neighbourhood context. You are purchasing a uniquely large property for this specific area, which offers great space. However, its size and value are more common when compared to the entire city. The value is in getting a "top 1%" local property without a "top 1%" city price tag.
Radar charts, rankings, and side-by-side layouts work best on a larger screen. Open this page on a desktop browser for the full experience.
