42.0
Below average
Property score
42.0
Below average
Overall 42.0
Older than most nearby homes
824 sqft (bottom 31%)
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
20% 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
42.0 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
650 Atlantic Avenue — 13 amenities found within 500 m, across 5 categories, including 1 dining (nearest 371 m), 2 healthcare (nearest 394 m), 1 shopping (nearest 345 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 6% | Bottom 10% | Bottom 2% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 4% | Bottom 8% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 650 Atlantic Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, presenting a straightforward and affordable entry point into Winnipeg’s housing market. Its key characteristics include 824 square feet of living space, a detached garage, and a 2,554 sqft lot, all situated in the Inkster-Faraday neighbourhood.
The primary appeal lies in its exceptionally low financial barrier to entry. With an assessed value significantly below city and area averages, and recent sold prices in a very modest range, it stands out as one of the most accessible properties in Winnipeg. This isn’t a renovated show home; it’s a baseline property with a functional, unrenovated basement. Its appeal is practical and economic.
This home would suit a specific type of buyer: a first-time purchaser or an investor seeking absolute minimum upfront cost. It’s for someone comfortable with a home that is smaller and older than most, who views the property as a live-in project, a long-term hold, or a rental opportunity. The value proposition is the land and the structure itself at a very low price point, offering a foothold in the market with the understanding that modern comforts and finishes would be a future investment by the owner.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the property’s specific attributes: its smaller size, age, and likely basic condition compared to the broader city housing stock. It’s assessed relative to its immediate peers, where it also ranks below average.
2. What does "basement, not renovated" typically imply?
This usually indicates a foundational, utilitarian space. It likely has basic plumbing and electrical services and is structurally sound, but finishes (walls, flooring, ceilings) are outdated or incomplete. It offers potential but requires work to become modern living space.
3. Who might this property not be suitable for?
It may not suit buyers looking for a move-in-ready home, those needing significant space, or anyone unwilling to manage the maintenance and potential updates of a 114-year-old structure. It’s a value play, not a convenience play.
4. The lot size is below average for the area. Is that a major drawback?
While smaller, the lot is still a manageable size for a home of this scale and includes a detached garage. It may limit expansive outdoor additions but supports standard yard use and parking.
5. The sold price history shows values in a tight, low range. What does that indicate?
This consistency suggests the market has a clear, established value for this type of property in this location. It points to stability at its price tier rather than speculative fluctuation, which can be positive for a budget-conscious buyer seeking predictability.
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.
