Property Overview: 1178 Atlantic Avenue, Winnipeg

Key Characteristics & Appeal

This home presents a compelling value proposition within Winnipeg's Mynarski neighbourhood. Built in 1958, its key appeal lies in offering above-average space and a modernized assessment value for its immediate area. With 1,311 sqft of living area, it ranks in the top 14% on its street and the elite top 4% within Mynarski, providing more interior space than most local comparables. The $325k assessed value is significantly above the street average, suggesting recent updates or a premium condition not reflected in the older sales data (last sold between $300k-$350k in March 2025).

The property sits on a 4,196 sqft lot, which is generous for the street but slightly below the average for the wider neighbourhood and city. This creates a balanced setting: ample outdoor space without the maintenance burden of a much larger lot. The home’s age (68 years) is newer than many on the block, indicating a potentially more modern foundation than its neighbours.

This property would suit value-conscious buyers looking for a move-in-ready home with more interior space than typical for the area, or an investor seeking a well-positioned asset in a neighbourhood where this home stands out in terms of size and apparent modernization relative to its peers.

Frequently Asked Questions

1. Why is the assessed value so much higher than the street average?
The assessed value of $325k ranks in the top 6% on Atlantic Avenue, where the average is about $222.8k. This typically indicates the city’s assessment reflects substantial improvements, updates, or additions that separate it from the baseline condition of older homes on the street.

2. How does the lot size impact potential for expansion or renovation?
At 4,196 sqft, the lot is above average for the street but below the Mynarski neighbourhood average. This means there is likely decent yard space, but any significant expansion (like a large addition or garage) would require careful planning to ensure compliance with zoning bylaws regarding setbacks and lot coverage.

3. The home last sold very recently (March 2025). What does that indicate?
A very recent sale can suggest a number of scenarios, such as a quick investor flip, a relocation, or an estate sale. It underscores the importance of inquiring about the nature of that sale and any work done during that brief ownership period.

4. How significant is it that the living area is in the "elite" top 4% for Mynarski?
This is a standout feature. It means that, purely by square footage, this home offers more interior space than 96% of comparable properties in the neighbourhood. For families or those needing home office space, this is a major practical advantage over most available options in the area.

5. Where can I get the exact historical sold price instead of the range shown?
The site notes that exact sold prices are not displayed publicly due to data source rules. You must request them directly via email from the service, which will perform a manual lookup. The provided range of CA$300k–350k from March 2025 offers a reliable estimate for initial consideration.