Property score
57.6
Fair
Overall 57.6 · Larger and newer than most nearby homes
1,213 sqft (top 24%) · Built in 1950 (20 yrs newer 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: 7 parks, and 2 place of worships nearby
Living Area
Above average
18% larger than neighborhood avg.
Year Built
Above average
20 yrs newer 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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57.6 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
721 Atlantic Avenue — 9 amenities found within 500 m, across 2 categories, including 7 parks (nearest 131 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 46% | Top 43% | Bottom 12% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This one-and-a-half storey home at 721 Atlantic Avenue in Winnipeg's Inkster-Faraday neighbourhood presents a practical and value-conscious opportunity. Its key appeal lies in its relative size and recent updates within a more affordable market segment.
Key Characteristics & Ideal Buyer
The home offers 1,213 sqft of living space, which is notably above average for both its immediate street and the broader Inkster-Faraday area. A recently renovated basement adds functional living space. It sits on a standard city lot of 3,887 sqft and includes a detached garage. Built in 1950, it is a newer construction compared to many homes in the immediate vicinity. The assessed value is modest, reflecting the neighbourhood's affordability.
The primary appeal is for first-time homebuyers or practical investors seeking a house with more interior space than is typical for the price point in this area. It suits someone comfortable with a home that is city-wide average in age and lot size, but who prioritizes updated living space and a manageable property footprint over a premium location or a large yard. It represents a sensible entry into the market with room to grow, rather than a luxury purchase.
Frequently Asked Questions
1. What does the "above average" ranking for living area actually mean?
It means that compared to similar homes on Atlantic Avenue and in the Inkster-Faraday neighbourhood, this house has more square footage than most. You're getting more interior space than is typical for this specific area.
2. Why is the city-wide assessed value ranking so low (Top 87%)?
This indicates the home's assessed value is significantly lower than the average for the entire city of Winnipeg. This isn't necessarily negative; it primarily reflects the home's location in a more affordable neighbourhood compared to city-wide averages, which include much higher-value areas.
3. Has the basement renovation been permitted and finalized?
The listing notes the basement is renovated, but specifics on permits, the quality of finishes, and the scope of work (e.g., legal suite, recreational room) are not provided. This would be a key point for your home inspector and for discussions with the seller.
4. What are the implications of the home being "newer" than others on the street?
A 1950 build date is newer than many neighbouring homes, which average from the 1930s. This could suggest potentially fewer issues with very aged infrastructure (like original plumbing or wiring), though the systems are still 70+ years old and should be thoroughly evaluated.
5. How reliable are the sold price ranges shown from 2017?
The ranges are based on public data. For precise historical sale prices to understand market trends and equity, you need to request the exact figures from the provided service, as the public records are intentionally broad.
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