46.3
Below average
Property score
46.3
Below average
Overall 46.3
Older than most nearby homes
920 sqft (bottom 42%)
Built in 1912 (18 yrs older than avg)
Located in a above-average income area
with median household income of ~69k
Transit 80.0
2-min walk to transit with 3 nearby routes
Within 500m: 1 dining spot, 1 school, 2 healthcare facilitys, and 1 shop nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
10% smaller than neighborhood avg.
Year Built
Below average
18 yrs older 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
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46.3 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
554 Atlantic Avenue — 12 amenities found within 500 m, across 6 categories, including 1 dining (nearest 173 m), 1 education (nearest 401 m), 2 healthcare (nearest 249 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 | Bottom 19% | Bottom 24% | Bottom 4% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 554 Atlantic Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, offering a straightforward living space of 920 sqft on a modest 2,552 sqft lot in the Inkster-Faraday neighbourhood. Its key characteristics include a detached garage and an unfinished basement. The home’s primary appeal lies in its position as an accessible entry point into the Winnipeg market. With a historically low assessed value, it presents a very low property tax burden and represents one of the most affordable single-family home options in the city. It suits first-time buyers or investors seeking a minimal holding cost, or those who value location over size and are prepared to take on a home that may require updates. A less obvious perspective is its potential for those interested in "right-sizing" or seeking a manageable property without the upkeep of a larger, modern home, though this comes with the understanding that its size and age place it well below city averages.
Frequently Asked Questions
1. What is the actual selling price likely to be?
While the assessed value is very low, recent sale data from early 2021 shows a sold price range significantly higher. For the exact historical sale prices, you must request the information via email from the listing service.
2. What does "below average" in the rankings mean for a buyer?
The rankings show this home is smaller, on a smaller lot, and has a lower assessed value than most homes in its area and across Winnipeg. This translates to lower property taxes but also indicates it may not have seen the renovations or expansions of comparable properties.
3. Is the unfinished basement a drawback or an opportunity?
It depends on the buyer's goals. It’s a drawback for those seeking immediate, finished living space. However, it presents a clear (and potentially necessary) opportunity for a future renovation to add value and functional space, as the main living area is compact.
4. Who might this property not suit?
It may not suit growing families needing multiple bedrooms or more living space, or buyers who want a move-in-ready home without any renovation projects. Its smaller-than-average proportions are a key consideration.
5. How does the detached garage add value?
In a neighbourhood with older homes, a detached garage provides valuable off-street parking and secure storage, which is a practical asset not always available in this price range and era of home.
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