35.9
Below average
Property score
35.9
Below average
Overall 35.9
Smaller and older than most nearby homes
600 sqft (bottom 4%)
Built in 1912 (18 yrs older than avg)
Located in a above-average income area
with median household income of ~80k
Transit 80.0
3-min walk to transit with 3 nearby routes
Within 500m: 1 dining spot, 2 healthcare facilitys, 1 shop, and 6 parks nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
41% smaller than neighborhood avg.
Year Built
Below average
18 yrs older than neighborhood avg.
Mother tongue
English · 62%Tagalog · 26%
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
35.9 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: #46110926
$80K
Median household income
$85K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
29%
Single-person households
31%
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
648 Atlantic Avenue — 13 amenities found within 500 m, across 5 categories, including 1 dining (nearest 364 m), 2 healthcare (nearest 388 m), 1 shopping (nearest 337 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%
648 Atlantic Avenue: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-storey home at 648 Atlantic Avenue is a compact, century-old property that presents a specific and clear value proposition. Its key characteristic is its exceptionally low municipal assessed value, placing it in the top 1-2% of least expensive properties in Winnipeg. With 600 sqft of living space, it is significantly smaller than average homes in the area and citywide. The lot is also modestly sized at just over 2,500 sqft. The basement exists but is unrenovated, and the property has no garage or pool.
Its appeal lies almost entirely in its position as a minimal-entry point into homeownership. It suits a very specific type of buyer: those with a tight budget for whom owning a detached home is a higher priority than space or modern finishes. It could appeal to an extremely hands-on investor looking for a basic rental property, or a buyer willing to live minimally while focusing resources on gradual, DIY improvements. A less obvious perspective is its potential for someone seeking to minimize property tax and utility burdens, as the costs associated with such a small, low-value home would be comparatively very low.
Frequently Asked Questions
Q: What does the low assessed value actually mean for a buyer?
A: The assessed value is used for calculating municipal property taxes. A value this low suggests annual taxes will be minimal. It does not dictate the sale price, but it strongly indicates the home is a very basic, no-frills property.
Q: Is the house livable in its current state?
A: The listing notes the basement is "not renovated." This, combined with the home's age (1912), suggests it needs foundational updates. A buyer should budget for essential systems checks (roof, wiring, plumbing, foundation) and be prepared for a project.
Q: Who is this property not suitable for?
A: It is not suitable for families needing space, anyone unable to handle renovation work, or buyers seeking move-in-ready comfort. Its small size and likely need for updates make it a poor fit for those without time, skill, or additional renovation funds.
Q: How does the small lot size impact its use?
A: The lot is about half the size of an average lot in the Inkster-Faraday area. This limits potential for large additions, extensive landscaping, or detached structures like a garage or shed. Outdoor space will be very limited.
Q: Are there any hidden advantages to such an old, small home?
A: Beyond low taxes, its age sometimes means simpler construction that can be easier for a skilled DIY person to work on. Its size also makes heating and cooling costs potentially lower than a larger house, and the compact layout can encourage a efficient, minimalist lifestyle.
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.
