Property score
37.5
Below average
Overall 37.5 · Smaller and older than most nearby homes
720 sqft (bottom 17%) · Built in 1912 (18 yrs older than avg)
Located in a above-average income area with median household income of ~80k
Transit 82.0 · 1-min walk to transit with 2 nearby routes · Within 500m: 6 parks, and 3 place of worships nearby
Living Area
Below average
30% 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
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37.5 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
706 Atlantic Avenue — 9 amenities found within 500 m, across 2 categories, including 6 parks (nearest 164 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 1% | Bottom 4% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 706 Atlantic Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1912, situated on a standard city lot in the Inkster-Faraday area. Its key characteristic is its exceptionally low municipal assessed value, which places it in the bottom 1-2% of all Winnipeg homes. At 720 square feet, the living space is modest and well below area averages, and the basement is noted as unrenovated. The home includes a detached garage.
The primary appeal lies in its position as one of the most affordable entry points into the Winnipeg housing market. It represents a low-barrier opportunity for first-time buyers, investors, or those seeking a minimal property tax burden. Its small scale could suit a minimalist lifestyle or serve as a straightforward rental property. A thoughtful perspective is that a home of this age and value offers a clear, uncomplicated canvas; any updates or renovations made by the new owner would directly create their own equity, rather than paying a premium for someone else’s improvements. It’s a practical choice for a buyer comfortable with a project or who prioritizes financial accessibility over move-in-ready condition.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on factors like the home's age, modest size, and likely its condition as reflected in the note about the unrenovated basement. It is assessed relative to similar properties, and this home ranks in the lowest percentiles for its area and the city.
2. What does "Sold price: Top 99% Avg" mean for the 2019 sale?
This metric indicates that the recorded sold price in 2019 was significantly lower than the average sale price for comparable homes at that time, placing it in the bottom 1% of such transactions. This is consistent with the property's low assessed value.
3. Who would this property suit best?
It would best suit a budget-conscious first-time homebuyer prepared for potential updates, an investor looking for a low-cost rental asset, or a buyer seeking the absolute minimum property tax liability.
4. How does the living space compare to nearby homes?
At 720 sqft, the living area is below average for the immediate street, the wider Inkster-Faraday area, and the city as a whole. Neighbouring homes in comparison groups are typically around 1,000 to 1,300 square feet.
5. Is the land size a development opportunity?
The lot is approximately 2,500 sqft, which is smaller than many city lots but is a standard size for the neighbourhood. While subdividing would likely not be feasible, the lot provides adequate outdoor space for a home of this scale.
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